By O. C. Ferrell, John Fraedrich, Ferrell
Delivering a colourful new four-color layout, market-leading enterprise ETHICS: moral determination MAKING AND situations, 8th variation, completely covers the advanced setting during which managers confront moral selection making. utilizing a confirmed managerial framework, this obtainable, utilized textual content addresses the final thoughts, techniques, and top practices linked to winning company ethics programs--helping readers see how ethics could be built-in into key strategic company judgements. completely revised, the recent 8th variation contains accomplished and rigorous updates that mirror the hot financial main issue and the ever-increasing educational and governmental cognizance being given to this sector. additionally it is 9 all-new case experiences, whereas different circumstances were thoroughly up-to-date.
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Extra info for Business Ethics: Ethical Decision Making & Cases
Chapter 1: The Importance of Business Ethics The Twenty-First Century: A New Focus on Business Ethics Although business ethics appeared to become more institutionalized in the 1990s, new evidence emerged in the early 2000s that more than a few business executives and managers had not fully embraced the public’s desire for high ethical standards. For example, Bruce Bent, Sr. and his son Bruce Bent II were accused of engaging in fraud in misleading investors, ratings firms, and trustees when the assets of their Reserve Primary Fund fell.
It is worth noting, however, that most of these companies have learned from their mistakes and recovered after they implemented programs to improve ethical and legal conduct. Ample evidence shows that being ethical pays off with better performance. 50 These results provide strong evidence that corporate concern for ethical conduct is becoming a part of strategic planning toward obtaining the outcome of higher profitability. Rather than being just a compliance program, ethics is becoming one of the management issues within the effort to achieve competitive advantage.
And his son Bruce Bent II were accused of engaging in fraud in misleading investors, ratings firms, and trustees when the assets of their Reserve Primary Fund fell. The accused reassured investors that the company had ample resources to support the broader declines in the financial market when, in fact, they did not. 28 The reputation of the once venerable accounting firm disappeared overnight, along with most of its clients, and the firm ultimately went out of business. Later the Supreme Court overruled the Arthur Andersen obstruction-of-justice conviction, but it was too late for the firm to recover.