BUS 223 Lecture Notes - Lecture 1: Peer Pressure, Business Ethics, Satisficing

• School: Ryerson University
• Department: Business
• Course: BUS 223
• Professor: Garret Mc Sweeny

Document Summary

All that is necessary for the triumph of evil is that good men do nothing. edmund burk. Ethics is the new compeiive environment peter robinson. Without commonly shared and widely entrenched moral values and obligaions, neither the law, nor democraic government, nor even the market economy will funcion properly -vaclav. Business ethics: the criical structured examinaion of how people and insituions should behave in the world of commerce. Business ethics is about what you should and should not do in the process of conducing business. Values: beliefs that incline us to act or to choose in one way rather than another. (ideals that we believe are good and that should guide behaviour) Principles: standards that we believe it right to sick to. Principle of autonomy (respect right to choose for ourselves) Values and principles both have a role to play in guiding behaviour and in ethical reasoning. Ethical failures present, at the least, a risk to the company"s reputaion.