MKT 100 Lecture Notes - Lecture 3: Information System, Knowledge Management, Corporate Social Responsibility
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Laws and regulations developed by society to define what types of behavior and attitudes will be tolerated and not tolerated. If person breaks law, laws also include a penalty. These penalties are placed to discourage people from engaging in behavior, penalty is worse if repeat offense. Bribes = unethical in canada, not everywhere around the world. Smoking marijuana illegal, but ethical, grown by the gov, people need for pain relief. Helps ppl, should it be legal or illegal. Can offer guidance when faced with ethical dilemmas. Utilitarianism: decision that provides the greatest good for greatest number is the best decision. Patry with most votes puts its policies in place although a large number may disagree with these policies. By everyone acting in their own self interest. Nike spots using child workers in asia bc wasn"t ethically viewed by customer, although legal in asia.