EEE 370 Lecture Notes - Lecture 16: Patient Protection And Affordable Care Act
4 Nov 2015
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Firm: already established industry, opportunity: obamacare, strong customer relations. Industry knowledge: new software, accessibility, good reputation. Weaknesses: high cost, poor operations, poor employee training. Opportunities: new market, gov support, few competitors. Legal: legal vs. illegal, laws change over time, laws or regulations do not always anticipate circumstances, laws are the minimum of what you must do. Ethical: right versus wrong, a set of principles/values, legal, but unethical, win-win. Immoral management: a style devoid of ethical principles and active opposition to what is ethical, knows right from wrong but intentionally work against it, communication and behavior. Moral management: conforms to high standards of ethical behavior, high ethics, way above the law. Intentional does not consider ethical factors: unintentional: casual or careless about ethical factors, ethics don"t belong in business ethics is separate. It"s in the company"s best interest: not really legal, no one will ever know.
