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Summary: Ethics Version 2
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Read the summary and the most important questions on Ethics Version 2
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1 Lecture
This is a preview. There are 6 more flashcards available for chapter 1
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Why is Ethics important now and what kind kind of impact does business have? Name the aspects which are important.
Influence in the public sector, privatizing
Influence in daily life
The contribution/harm of power, science and technology
Globalization
Education -
In a short sentence what is does ethics mean?
What is morally right? -
In what parts is law divided?
Justice
Opportuness
Legal Certainty -
How would you explain Globalization in a short way?
Globalization is the consequence of fading borders. -
What are the key issues with Globalization?
Intercultural challenges
The law or lack of law
Accountability -
What is another large issue with Globalization?
Other cultures have different approaches toward responsibility. -
For each of the following regions. Who is responsible for ethical business conduct? Europe, NA, Asia
Eu: Social control by the collective
NA: individual
Asia: Top management -
2 Lecture
This is a preview. There are 2 more flashcards available for chapter 2
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Milton Friedman states that the business of business is business. He has three arguments for this notion, what are those?
A company is not human
Managers have responsibility towards stakeholders
Social problems are problem of the State -
Egoism applied to companies results in what? it is linkable with Friedman
More profit due to happy customers, employees
More freedom, keep legislature away
Long term goals for society are long term benefits for company -
What does Postive freedom mean?
You interfere with life, for example, you are given rights in an economic, social or cultural sense.
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