MGTS1601 Lecture Notes - Lecture 9: Jian Ghomeshi, Gossip, Foreign Corrupt Practices Act
Document Summary
Often used interchangeably with ethics , but generally refers to fundamental beliefs about. The study of business situations, activities, and decisions where issues of right and wrong. The principles, values, and standards that guide behavior in the world of business (ferrell. A recent national business ethics survey revealed that 79% of employees agree that ethics is an important consideration in continuing to work for their organisation. Evidence indicates that companies that are perceived to have a high degree of ethical behaviour and integrity have a higher average total return to shareholders than those that do not. Socially responsible behaviours will help to develop lasting, productive relationships with stakeholders. Investors are attracted to companies which demonstrate socially responsible practices and recognise that an ethical culture can underpin efficiency and profits. Philosophical approaches to ethical decision-making (daft & marcic, 2009; daft et al. , 2010; velasquez et al. , 1996) Utilitarianism consequences ( greatest good for the greatest number )
