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ERIC Number: EJ899553
Record Type: Journal
Publication Date: 2007-Jul
Pages: 4
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1544-0389
Some Suggestions for Teaching Ethics in Business
Gritsch, Martin
Journal of College Teaching & Learning, v4 n7 p37-40 Jul 2007
No one can doubt nowadays that ethics in business is an important issue. Recent corporate scandals involving corporations such as Enron, WorldCom, and Freddie Mac, to name just a few, have exposed highly questionable business practices and criminal behavior. In this paper, the author would like to distinguish between illegal practices and legal, yet (at least in the eyes of many a beholder) unethical actions. In a Microeconomic Principles class, which is typically part of an undergraduate Business curriculum, the standard assumption is introduced that a firm aims to maximize its profits. This assumption applies regardless of the market structure (perfect competition, monopolistic competition, oligopoly, or monopoly). This gives an instructor the opportunity to point out that--while typically not explicitly mentioned in textbooks--firms are assumed to operate within the confines of the legal system. However, cases may and do arise in which a possible action does not violate any law, but may be questionable from en ethical standpoint. In this paper, the author will present three examples, which he has successfully used in the classroom. He then briefly suggests other topics in ethics, which lend themselves to classroom discussions. While there is no one right way in which these examples must be presented, the author concludes with general suggestions. (Contains 1 footnote.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A