Each student will choose one of the three capstone case studies provided in the text beginning on page 822. Chapter 5 Business, societal, and ethical context of law
Each student will choose one of the three capstone case studies provided in the text beginning on page 822.
The capstone case is due week 7. The final paper should be no less than 5 pages in length.
The paper should be written using APA 6th edition and should contain a minimum of 3 references.
Chapter 5 Business, societal, and ethical context of law
Morality (from the Latin moralitas, meaning “manner, character, proper behavior”) is the differentiation of intentions, decisions, and actions between those that are good (or right) and those that are bad (or wrong).
Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.
Business ethics (also corporate or professional ethics) is a form of applied ethics that examines the principles and moral beliefs that guide management decisions.
Ethical issues include the obligations a company has to its employees, suppliers, customers and neighbors.
In particular, business ethics is concerned with situations when those obligations are inconsistent with economic or strategic choices, or are in conflict with each other.
n addition, legal obligations are not the same as ethical ones; laws are enforced through the threat or imposition of punishment by a government or through civil litigation.
All individuals and organizations must follow the law, but complying with ethical beliefs is voluntary, not coerced.
Business ethics applies to all aspects of business conduct by individuals and organizations as a whole.
Lastly, ethical behavior is conduct that follows one’s personal beliefs or shared organizational or institutional values.
When individuals take action on behalf of an organization, they represent its ethics to society.