Summary: Introducation To Business

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• 2 Making ethical decisions and managing a socially responsible

• 2.1 understanding business ethics

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• Understaning business ethics( how are individual business ethics formed ? )

  1. The first step is learning and recognizing an ethical issue
  2. After recognizing that a sution is unethical , the next question is what do you do  ?

• What is an ethical issue

  Is a situation where somonen must choose btween a set of  actions that may be ethical or unethical . 
  
  example of drug price increase  for children and hiv patients " the  CEO consider it as business decision"  is this ethical behavior ? 
    second example people who are effected by natural desatere  broke store and take staff. Was this unethical behavior? 
  third example should a company pay bribes in order to stay in business and protecting from pople losing their job ?

• Guidance on recogenizing unethical situations( How can you recogenize unethical activities)

  Categories of unetheical business activities 
  1. Taking thing that doesn'tnot belong to you
  2. Saying things you know are not true
  3. Giving or allowing false impressions
  4. Buying influence or engaging in a conflict of interest
  5. Hiding or divulgingng information
  6. Taking unfair advantage
  7. Comiting improper personal behviloating rules avior
  8.abusing power and misterating individuals
  9. Permiting organizational abuse
  10. Viloating rules
  11. Condoning unethical actions

• 3. Giving or allowing false imperssions

  Example a car delar who fails to disclose that the car has been inaccident

• 4. Buying influence or engaing in a confilict of interest

  Suppose a comapny awards a contrstruction contract because the owner father is state attorney

• 7. Committing improper personal behaivor

  Example personal conduct outside of the work infunce company  reputation

• 8. Abusing power and mistereating individuals

  Manager hareesing employe

• 11. Comdoning unethical actions

  When you see other does unethical thing and don't speak up

• Peronal philosophies and legal factors that infuluencce the chocies we maken when confronting an ethical dilemma.

  1. Justice - the question of fairness ( legal factors that influence)
  2. Utilitarianism - seeking the best for the majority  (philosophies factors that may influence)
  3. Following our obligations and duties ( philosophy factor )
  4. Individualriaghts ( legal factors)

• 1. Jusitce - the queastion of firenss

  What is fair according the prevailing standards of society ? 
  
  example if politicians who agrued store clerk and doctor get the same wages  will not get the a lot of vote