STEN 1000 Chapter Notes - Chapter 5: Brand Equity, Whistleblower, Invisible Hand

• School: University of Windsor
• Department: Business
• Course: STEN 1000
• Professor: Ali

Document Summary

The positive impact of ethical influences in managerial decision making is only as good as the moral, ethical, and behavioural frameworks that surround it. At its fundamental base, it is knowing right from wrong in the workplace setting and having the appropriate safeguards and ethical guidance mechanisms in place to guide the decision-making process. A type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Used money from new investors to reward older investors. A reflection in of the moral principles or beliefs about what an individual views as being right or wrong. In mayways ethics can be thought of as an invisible hand that guides us as we make decisions. Triple-yes rule - in making decisions we need to think in terms not of what is in our personal best interests, but what is in the best interest of the stakeholders and the public at large.