ADM 1300 Lecture Notes - Lecture 9: Raj Rajaratnam, Dennis Kozlowski, Bernard Madoff

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Matthew Archibald

Document Summary

Thinking about ethical examples : volkswagen how will this afect the company long-term, martha stewart. 5 months prison, insider trading: raj rajaratnam. 11 years in prison, insider trading: bernie madof. Why is ess important: understanding ethics and social responsibility, assessing ethical dilemmas, maintaining high ethical standards, social responsibility and its approaches, direcions in sustainability. Understanding ethics and social responsibility: ethics moral beliefs about what is right and wrong (note: not everyone has the same values so right vs. wrong is diferent) Deals with an individual"s decision that society evaluates as right or wrong: social responsibility manager"s duty to make decisions that promote well-being of sh and society (because society is a sh) A broader concept that concerns the impact of the enire org"s aciviies on society. Enron division working on proits and inancial audits. Fairness and honesty general values of decision makers: obey law what else? (keeping in mind the various sh of the corporaion)