27 Apr A Risk, Reward, Responsibility: Ethics in Business
Order Instructions
Revisit the issue of ethical decision making that was discussed in Bus 241. For this purpose – please watch ,or in some cases rewatch, the video below but this time look at the issue of whose perspective you would take, the stockholder, the CEO, society at large–is there or should there be a difference depending on your role regarding the decisions made.
View Risk, Reward, Responsibility: Ethics in Business video which can be found at the Ethics in America II site.
After you watch the video, answer the following questions:
If you are a board member of a corporation, who do you owe your loyalty to? Make sure to consider the issues presented in the video. Please respond to one or more of the following questions:
The company, the shareholders (is there a difference?), or to society at large?
Can you engage (as business executives) in actions that are not illegal and that might help the company but you are personally offended by on moral grounds?
Do you find a difference between the two or three different scenarios presented in terms of how you would react? Why?
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