MGM101H5 Chapter Notes - Chapter 4: Corporate Social Responsibility, Business Ethics, Petro-Canada

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Not just for-profit organizations are accused of non-ethical behaviour. What can be done to restore trust in the free market system and leaders in general: those who have broken the law need to be punished accordingly, laws maintaining transparency need to be upheld. A danger of having a lot of these laws is that the question of whether something is right or wrong then becomes is it legal? . Considering only the law and not ethics is a big danger for society (eg: Don"t expect society to become more moral and ethical without taking the. Ethical dilemmas first step yourself: a situation in which both choices are equally unsatisfactory alternatives, eg: your boss tells you to do something unethical, and if you don"t do it you are fired from your job. You just took out a mortgage on your house and you have a baby due in two weeks.