UConn BLAW 3175 - PPT chapter 2 (Ethics)(1) (1) (24 pages)

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1 14 19 Dr Gerlinde Berger Walliser 1 BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSABILITY Chapter 2 2013 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part Law and Ethics Ethics is the study of how people ought to act Law dictates how to behave Ethics are value based personal decisions Personal vs business ethics Law is enforceable ethics is not Law and ethics may not always agree Sometimes it is ethical to commit an illegal act And some legal acts are unethical Examples at https www youtube com watch v vcibfL2nSBQ 2013 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part Why Bother With Ethics Why is cheating bad http www youtube com watch v UsEbf o83fc feature relat ed Why do rules need to be followed How do you feel after winning based on cheating 2013 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part Why Bother With Business Ethics There is little evidence that ethical behavior increases profits or that unethical behavior decreases profits so why bother https www youtube com watch v WRFGnDdEaKA p Society as a whole benefits by encouraging economic competition no one wants to compete with unfair competitors p People feel better when they behave ethically Unethical behavior can be costly if there is public outrage leading to a boycott But needs to be taken seriously not limited to PR campaigns p p 2013 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part How to Make Ethical Decisions Short examples for group discussion Why is acting ethically often difficult http ethicsunwrapped utexas edu video bounded ethicality 1 Do you think that acting ethically is just a matter of wanting to badly enough Why or why not 2 What