Most of this chapter focuses more on company's disasters than typical ethical issues within companies. According to this chapter "business wasn't always as complex as it is today". (pg.195)Today, big companies have many stakeholders. Stakeholders are "consumers, customers, employees, shareholders and the community."(pg 197)In fact, some of these stakeholders can affect or be affected by business decisions. So any bad decisions a company makes affect its stakeholders as we are going to see …
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showed last 75 words of 585 total
…stakeholders about the company's financial condition. They also failed to provide safe products and safety to the employees. In fact, companies like this usually lose their reputation and eventually go out of business. So it is very important that companies make good ethical decisions because this can save them from lot problems. ________________________________________ Trevino, Linda K. and Katherine A. Nelson (2003), Managing Business Ethics: Straight Talk about How to Do it Right, 3rd edition, Wiley Text Books.