INTB 1203 Lecture Notes - Lecture 5: Justice As Fairness, Occupy Movement, Dennis Kozlowski

• School: Northeastern University
• Department: International Business
• Course: INTB 1203
• Professor: Puffer Sheila

Document Summary

Business ethics: (cid:498)the accepted principles of right or wrong governing the conduct of businesspeople(cid:499) Ethical business strategy: (cid:498)course of action that does not violate these accepted principles(cid:499) The most common ethical issues in business involve: Jewish charity: neglecting to ask if a business decision has ethical implications for various, violation of personal ethics of right & wrong - (cid:498)prince of the jews(cid:499) bilked. Jeff skilling, enron; dennis kozlowski, tyco: unrealistic performance expectations (bonuses, firing, unethical, hypocritical behavior of leaders, organizational values & norms promote unethical behavior (greed, deception stakeholders. Role models of ethical behavior: aaron & louise feuerstein, malden mills, paid employees after fire and while rebuilding factory, wayne chang, founder of crashlytics, at age 30 sold to twitter for m: First you learn, then you earn, then you return. More useful ethical approaches: utilitarian (mill) (greatest good for greatest number; maximize good, minimize harm; but how to measure costs, benefits, risks)