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BL 3335 note

by: aeeeec Notetaker

BL 3335 note bl3335

aeeeec Notetaker
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About this Document

business law
Catherine Weber
Class Notes
business law, BL




Popular in business law

Popular in Physiology

This 1 page Class Notes was uploaded by aeeeec Notetaker on Saturday March 12, 2016. The Class Notes belongs to bl3335 at Southern Methodist University taught by Catherine Weber in Spring 2016. Since its upload, it has received 10 views. For similar materials see business law in Physiology at Southern Methodist University.


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Date Created: 03/12/16
2/22 Ethics Ethic dos not mean illegal. Illegal is the bottom line of ethic (cannot do something does not mean you should do) Corporate social responsibility How to be ethic? 1. Duty base philosophy: focus our driven to do right thing on our sense of duty (driven, motivation) 2. Outcome base philosophy: focus on the results of decision of the ethic decision Utilitarian theory: identify potential stakeholders, and what decision to do to maximize the profit for each stakeholder Pitfalls to avoid: 1. Don't focus only on legal 2. Don't focus on short-term profit 3. Don't conflicts of interest 4. Don't fail to recognize all stakeholders.  In book: make sure to do: 1. Legal implication. 2. Public implication. 3. Safety risks. 4. Financial implication How business implement ethics? 1. Having a code of ethics (table content) 2. Reporting procedures: (accessible) 1) Means of reporting illegal or unethical events 2) Employees can use the system to ask the questions. 3. Leadership (If leader tolerant ethic case would encourage ethic) 4. Accountability: accountable for you conduct, also want employees accountable. (Let employee know ethic important) Risk: 1) collective decision-making: group bias or afraid of speak up 2) fear of been pressure of refuse ethic 3) relevance level of manager can address lower


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