B_LAW 210 Lecture Notes - Lecture 7: Corporate Social Responsibility, Business Ethics
Document Summary
Ethics and social responsibility significance: laws are not inherently moral or ethical, studying helps future business professional understand and navigate ethical issues. Avoiding ethical violations: new employees seek to fit in to the organizations culture. Issues arise when an employee is encouraged or ordered to engage in conduct which he or she knows to be unethical: when you are put in an uncertain situation. You want to make sure that if it blows up at a later date, you can show: You went to your supervisor for help. You were very clear in your communications. Jurisprudence: the philosophy of law, ethical jurisprudence is a branch of the philosophy of law which examines the ethical aspects of the law. The 5 major ethical theories: several different ethical theories, can be used to analyze legal situations, maximize. Stakeholder vs. profit maximization: stakeholder is anyone (a person or group of people) who are potentially impacted by an organizations actions.
