33:011:100 Study Guide - Final Guide: Business Ethics, Sarbanes–Oxley Act, Small Business

• School: Rutgers University
• Department: Administrative Studies
• Course: 33:011:100
• Professor: All

Document Summary

Younger workers are looking to something other than work-comes- first. Part time and temporary workers are growing. Critical thinking is the ability to analyze and assess. Managers must be comfortable with decision making. Factors that require organizational change can come form external and internal sources. What makes a company admired: solid profits, stable growth, safe and challenging work environment, high quality of good and services, business ethics. Chapter 2 : business ethics and social responsibility. Business ethics: social responsibility, balance between what"s right and what"s profitable, often no clear cut choices, often shaped by the organizations ethical climate. Sarbanes-oxley act: a 2002 law that companies are now required to show their records publically. High profile investigations and arrest in headlines. New corporate officers charged with deterring wrongdoing and ensuring ethical standards. Individuals can make a difference in ethical expectations and behavior: putting own interest ahead of the organizations, lying to the employee, misrepresenting hours, safety violations, internet abuse.