Business ethics is concerned with identifying and understanding the ethical issues that arise in business, along with
Question:
Business ethics is concerned with identifying and understanding the ethical issues that arise in business, along with the development of knowledge and skills needed by a practicing manager to address these issues and to make sound business decisions. Ethical issues are an inevitable element of business decision making, and they are deeply intertwined with managerial practice and economic activity in general. The success of individual managers, business organizations, and the whole economic system depend upon sound ethical decision making. Although economics and law are important guides for business decision making, they are not entirely sufficient. Organizational research conducted by psychologists and sociologists further show that the treatment of business ethics from a purely philosophical perspective is likewise an insufficient approach. Organizational misconduct is often the result of flaws in individual and organizational decision making that can be corrected only by changing the overall decision making process. Practicing managers can promote an ethical organizational culture by actively discouraging misconduct and rewarding ethical decision making and conduct.
How would you respond to someone who says that a retail business for example---should always do whatever is in its economic interests? Add a sample journal article url of an internationally-run clothing company that you believe supports this idea and the one main point you gathered from the article.
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F