MGSC14H3 Midterm: All Notes before Midterm
Document Summary
whether law will prevent you from doing such activity one day. not regulated now but could be in the future, then shouldn"t be doing it now. By doing so you may lose profits and not keep up with the competition, but you show the marketplace you compete ethically and get better trust in long run. Ethics pays being rewarded in long run for being ethical today. Business ethics: ethical doesn"t not equal heading off the law or doing what market will reward in the long run. If doing the right thing and profitable thing are the same thing you only make profits if your doing it for the right thing, not the profitable thing. Because it is the ethical not because it is profitable. Doing the right thing because it is r ight or ethical will bring you profits. Situation where every action a person can take they will be morally wrong.
