Business Ethics key information

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  • Business Ethics
    • Corporate social responsibility- a company's responsibility for the community and environment
    • whistle blowing- hat an employee discloses wrongdoing to the employer or the public
      • kant would say that this is good to do because it promotes the good will... rule utilitarians would go for the greater good
    • good ethics is good business- if people see that a company is doing ethically right things then they are more inclined to use their products or services
      • Kant would say the categorical imperative can help to make moral decisions
      • rule utilitarians would like this because it can follow a set structure of rules
    • Shareholder is someone who has invested
    • a stake holder is someone who is effected
    • “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”- Milton Friedman

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