Business Ethics and WPH Framework – Flashcards
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the application of ethics to special problems and opportunities experienced by business people
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Business ethics
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the legality of the decision
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Minimal standard that must be met to be an ethical business
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three-step approach that offers future business managers ethical guidelines that provide a dependable stimulus to ethical reasoning in business context
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WPH process of ethical decision making
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stakeholders- consumers, investors, employees, etc.
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Who
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values- freedom, security, justice
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Purpose
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guidelines
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How
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if your actions were broadcasted on TV would you still do that action?
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Public disclosure
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what would happen if everyone followed your example?
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Universalization
