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Chapter01–EthicsandBusiness
PAGE
1-PAGE17
Copyright?McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
IMChapter1:
EthicsandBusiness
ChapterObjectives
Afterreadingthischapter,youwillbeableto:
1.Explainthreelevelsatwhichethicaldecisionsgetmadeinbusiness.
2.Explainthenatureofbusinessethicsasanacademicdiscipline.
3.Explainwhyethicsisimportantinthebusinessenvironment.
4.Explainwhyethicalresponsibilitiesgobeyondlegalcompliance.
5.Distinguishtheethicsofpersonalintegrityfromtheethicsofsocialresponsibility.
6.Distinguishethicalnormsandvaluesfromotherbusiness-relatednormsandvalues.
7.Describeethicaldecisionmakingasaformofpracticalreasoning.
OpeningDecisionPoint-WellsFargo
TheWellsFargocasecanbeusedtointroducearangeoftopicsthatwillemergethroughoutthisbook.Thecaseinvolvesdecisionmakingatanumberoflevels,fromindividualentry-levelemployees(likemanyofourstudents),tobranchmanagers,tomid-levelmanagement,seniorexecutives,andtheboardofdirectors.Agooddiscussioncanbegeneratedbyaskingstudentstoassignresponsibility,bothintermsofwhoisatfault(whoisaccountable?)andwhatcouldbeonetopreventitfromre-occurring(whatcausedit?).
Thesediscussionscaneasilyleadintothedecision-makingmodelthatwillbeintroducedlateinthechapter.Whatfactswouldbehelpfultomakethesejudgmentsofresponsibility?Whatfactswouldchangeyourdecision?Whoarethestakeholdersinvolved,rangingfromentry-levelemployees,tocustomers,tostockholders,tocompetitors.Whatstake,exactly,dothesegroupshaveinthiscase?Howweretheyharmed?How,ifatall,weretheirinterestsrepresentedintheprocess?
Thisis
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