Practicing ethical behavior at all levels—from CEO to upper and middle management to general employees—helps cultivate an ethical corporate culture and ethical employee relations.
This trickle down effect is something that goes for all organizations, teams, schools, etc.
This basic spreadsheet should help you identify all your stakeholders and evaluate your decision’s impact on their interests.
This feels like a way to look from a utilitarianism perspective
A long-term perspective is a more balanced view of profit maximization that recognizes that the impacts of a business decision may not manifest for a longer time.
Feel's like it is hard for a Wall Street employee for example to have a long-term perspective when their performance is graded on a short-term scale
The third normative approach, typically called virtue theory, focuses on the character of the decision-maker—a character that reflects the training we receive growing up.
Feels like this can create conflict when two people of contradicting training growing up meet and disagree, while both having good character in their own ways.
Behaving ethically requires that we meet the mandatory standards of the law, but that is not enough.
I would argue that there are situations where you can be behaving ethically but not meeting the standards of the law.
principles of an individual business leader or a specific organization.
I've seen most companies have a code of ethics or code of conduct that goes beyond legal compliance
individuals and entities affected by the business’s decisions (
Stakeholders definition. Learned this in Business Ethics
Should we care about ethics in our lives?
Why we should care about ethics in our lives = Main idea