BUS 223 Lecture Notes - Lecture 4: Business Ethics, Decision-Making, Walmart
21 Apr 2016
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Document Summary
Decision making within a rm is in uenced by the corporate culture of the rm. Culture hinders people"s perception and decisions on what is considered right and wrong. Every organization has a culture fashioned by a shared pattern of beliefs, expectations, and meanings that in uence and guide the thinking and behaviors of the members of that organization. Cultures change; but modifying culture is a bit like moving an iceberg. A strong business leader can certainly have a signi cant impact on a corporate culture. Ethical businesses must nd ways to encourage, to shape, and to allow ethically responsible decisions. Each decision-making factor can be supported or discouraged in the environment. An ethical environment, or culture, would be one in which employees are empowered and expected to act in ethically responsible ways, even when the law does not require it. Fema example: the culture lacked ethical justi cation vs.
