Ten day MBA Chapter 2 (1)

This Chapeter is talking about business rules, which also called ethics. We know the collapese of Enron, Worldcom and other companys not too long ago. This chapter is intentd to make us awre of the importance of ethical implications in business decisions. Like you play a game with many people, and you need to follow the game rule if you want to stay, otherwise, you are out and punished. Many rules involved, including environmental issue, do your products carry potential hazard or toxic or pollution to the community? violate the human and animal rights? Corporte restrucuring, do your have any rules about layoff your employees? Employee privacy issues, do you give your employee regular health check, such aids and drug testing? what will you do if you find out the employee use the drugs? it should be included in company's policy or compliance book. Diversity issues, when you hire people, do you pay attention to the rece, ethnicity, gener and sexual orientaion?Any sexual harassement policy in your company's book? Conduct of multinational corportions, such as bribery, and other issues-antitrust actions, predatory pricing, insider trading. Those are all social responsibility approach related. There is core in the relations among the owner, the managers, the employees, the customers, suppliers, and local communities, even stakeholders, and it is rules. When it is very small start-up business, it seems talking about ethics is useless, but when the company starts hiring people and expanding, it starts really making sense. Relativism has four forms:
Navie ralativism, role relativism, social group relativism and cultural relativism. Many variables affect behavior that an outsider cannot possibly be privy to all the elements that went into making a decision.
Role relativism, Public roles call for a special morality that we separate from the individual making the choices.
Social relativism is akin to naive relativism.
Cultural relativism, there is no universal moral code by which to judge another society's moral code by which to judge another society's moral and ethical standards.
Stakeholder analysis give the guide to solve ethical dilemmas, including the harms and benefits, rights and responsibilities.