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Epilogue: Why Ethics Still Matter

Business ethics in an evolving environment, committing to an ethical view, becoming an ethical professional, and making a difference in the business world.

  • Business ethics in an evolving environment
  • Committing to an ethical view
  • Becoming an ethical professional
  • Making a difference in the business world

Learning objectives

  • Describe business ethics in an evolving environment
  • Commit to an ethical view you can state and defend
  • Explain what becoming an ethical professional requires
  • Identify ways to make a difference in the business world

Notes

The newspaper test, restated

Do nothing you would not be happy to see accurately reported on a front page by an unfriendly but intelligent reporter.

Reputation asymmetry

Lose money for the firm and you can explain it; lose reputation and you cannot buy it back at any price.

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