By O. C. Ferrell, John Fraedrich, Ferrell
Enterprise Ethics: moral choice Making & instances, tenth version
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Extra resources for Business Ethics: Ethical Decision Making & Cases, 10th Edition
Programs that create a trustworthy work environment make individuals more willing to rely and act on the decisions of their coworkers. In such a work environment, employees can reasonably expect to be treated with full respect and consideration by their coworkers and superiors. Trusting relationships between upper management and managers and their subordinates contribute to greater decision-making efficiencies. 40 The ethical culture of a company matters to employees. 41 Also, employees who view their company as having a strong community involvement feel more loyal to their employers and positive about themselves.
In the 1930s came the New Deal that specifically blamed business for the country’s economic woes. Business was asked to work more closely with the government to raise family income. By the 1950s, the New Deal evolved into President Harry S. Truman’s Fair Deal, a program that defined such matters as civil rights and environmental responsibility as ethical issues that businesses had to address. Until 1960, ethical issues related to business were often discussed within the domain of theology or philosophy or in the realm of legal and competitive relationships.
3. What should Lael do to resolve her concerns? * This case is strictly hypothetical; any resemblance to real persons, companies, or situations is coincidental. > > > CHECK YOUR EQ Check your EQ, or Ethics Quotient, by completing the following. Assess your performance to evaluate your overall understanding of the chapter material. 1. Business ethics focuses mostly on personal ethical issues. Yes No 2. Business ethics deals with right or wrong behavior within a particular organization. Yes No 3.
Business Ethics: Ethical Decision Making & Cases, 10th Edition by O. C. Ferrell, John Fraedrich, Ferrell