Summary: Business Ethics Time!

Read the summary and the most important questions on Business Ethics TIme!

• 1 First lecture

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• When the professor was teaching today, he stated not to say "that's how I feel". We must explain why we think so.Explain this question given in the first lecture:"Why is multiculturalism a defensive goal?"

  • Allows for different perspectives / views
    
  • Gives prompting for new skills / knowledge

• Wired GEDmatch created for orphans a scientific way of finding parentsFBI have used this for criminal cases. Is this ethical?

  • Depends on how it's used
    
  • Double - edged sword

  
  

  • Can't change or hide DNA

  
  

  • Could you trust the FBI? Violating the rights of privacy [but not illegal]

• Corporate social responsibility means something...(Think back to STH2 movie)  What does it mean?

  Taking responsibility for things that aren't their fault.

• After the break we discussed businesses in the pursuit of excellence!Businesses are on the pursuit of being efficient and ethical  VUCA. What does that mean?

  Volatile - Change that is rapid
  
  Uncertainty - Don't know what's going to happen
  
  Complexity - Don't know ethical implication's
  
  Ambiguity - Don't know what to do with no manual

• Why would self-interested managers be interested in business ethics?What would they benefit from putting in ethical practices?

  • You don't want employees going to jail - - Marketing risks "You don't want to go to jail"
    

  
  

  • You want employees to comply with rules and regulations

  
  

  • Avoids marketing risks with bankruptcy

• What did the professor say has to be the underline of every business transaction?

  TRUST

• What is the difference between descriptive statements and normative statements?

  DS = Facts
  
  NS = Opinion

• 2 Second Lecture

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• As a review for the first lecture,why can't we always rely on the law for ethics?  "Laws prohibiting perversion in areas including the locker room and school, but an individual pushes perversion in the subway."

  In some ways it's flawed.

• Why can't we rely on social interest or religion for ethics according to the professor?

  Every person has their own perspectives and experiences.

• Why can't we rely on an individual decision for ethics?

  Humanity is much too corrupted "self - interest always"