MANAGMNT 260 Lecture 12: mangement 11.18
21 Mar 2016
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Document Summary
Rule of fisher: apply strict scrutiny in deciding acceptance. (told by supreme court to apply strict scrutiny) Business law, why are we here lol. Business law/decision making takes place in legal framework of dos and don"t, important to know business laws/expectations that will guide us. Environment and flexibility and dependability in business law/legal system. Principles of contract law, and principles of property law. Different types of duties managers and founders have with each other and investors. Duties of managers in business world at large. Stakeholders (tonight"s lecture-business ethics, philosophical underpinnings, how we figure out what the right thing to do is, ethical decision around revenue making) Ethics: study of right and wrong behavior; whether an action is fair, right or just. Ethics: moral principles that govern a person"s or group"s behavior. In business, ethical decisions are application of moral and ethical principles to the marketplace and workplace.
