Summary
Summary Business Ethics
- Course
- Institution
This is a document where everything is noted for the exam of term 1 of the Business Ethics course.
[Show more]
Seller
Follow
Manon0606
Content preview
1 Introduction1.1 What is business ethics?
Business ethics is the study of appropriate
business policies and practices regarding
potentially controversial subjects.
Business ethics is the study of business
situations, activities and decisions where
issues of right and wrong are addressed.
1.2 Oxymoron
A lot of people might argue that this is an
oxymoron, because nowadays business and
ethics don’t seem to be believed to go together.
Oxymoron = something that is seemingly
contradictory.
1.3 Organization business ethics
An organization business ethics is its practice of
addressing issues of right and wrong in business
situations, activities and decisions.
1.3.1 Business (organizations) issues
Paygap between men and women
Sustainability issues/ environmental
impact
Lobbying (in the bad way)
Advertising campaigns that goes
wrong!
o H&M scandal with the “monkey
of the jungle” hoodie.
Racism
Fiduciary responsibilities (trust with
your money) (WHO do you trust with
your money and in what are they
investing with your money?)(where
does my money sleep?)
Corporate governance
Discrimination (age, race, gender,
etc.)
Bribery
Social responsibility
, 1.4 Mencius (372-289 B.C.)
Chinese philosopher people are ethical by
instinct.
Storytime: a business person was late and
running on the street with a lot of stress, but at
the same time there was a little child also
walking on the street but not paying attention
where it is walking, just very distracted as kids
are. The child almost falls into a pit and almost
dies, if it weren’t for the fact that the business
man saw him going towards the pit, and his
instinct told him to go help the child, and saved
him.
Moral of the story: people are ethical by instinct.
The empathy we have for our peers and fellow
humans is what makes us different from other
living creatures.
1.5 Business ethics and laws
We will focus on the part that is called the grey
area, the area where the law ends but ethics
continue.
1.6 Ethics = rational consensus
This means that you can only come to good
ethics when you agree on things.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Manon0606. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.11. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now