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Read the chapter — Business Ethics, chapter 9

  1. Introduction
  2. 9.1Entrepreneurship and Start-Up Culture
  3. 9.2The Influence of Advertising
  4. 9.3The Insurance Industry
  5. 9.4Ethical Issues in the Provision of Health Care
  6. Summary

Practice

18 questions · 18 with worked answers

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Professions under the Microscope

Entrepreneurship and start-up culture, the influence of advertising, the insurance industry, and ethical issues in the provision of health care.

  • Entrepreneurship and start-up culture
  • The influence of advertising
  • The insurance industry
  • Ethics in health care
  • Professional codes and fiduciary duty

Some professions govern themselves through codes with real force. Medicine has the Hippocratic Oath, embraced today as the standard owed to patients by physicians and nurses alike. Business has no single shared standard, though the codes of conduct adopted over the past century have enough in common that one may eventually emerge.

Learning objectives

  • Assess ethical issues in entrepreneurship and start-up culture
  • Evaluate the influence of advertising
  • Describe ethical questions specific to the insurance industry
  • Analyse ethical issues in the provision of health care

Notes

Code comparison

Across professions the common threads are competence, confidentiality, independence and disclosure of conflicts.

Self-regulation and its failure mode

Professions police themselves credibly only while sanction is real and visible; the moment discipline becomes private, trust erodes.

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