Reynaldo Marasigan                                         IT-ETHICS                                              February 25, 2008

Book Review 7

Title: Business Ethics: Ethical Decision Making and Cases

Author:  O.C. Ferrell

               John Fraderich

               Linda Ferrell

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Moral philosophies guide businesspersons as they formulate business strategies and resolve specific ethical issues. However. There is no single moral philosophy that everyone accepts. Individuals are not free to make their own choices inch work environment –While they are always responsible for their own actions. They rarely have the power to impose their own personal moral perspective. Like for example, utilitarianism is concerned for the greatest good for the greatest no. Of people-they believe they should make decisions results in greatest total utility.

 Moral philosophy refers to the setoff principles or rules that people use to decide what is wrong. In business contest we evaluate morality to create. Alternative ethical decisions “fire becomes a key clement it is important to business transactions have defined as trust, self-control empathy, fairness and truthfulness.

Many business people and scholars have questioned the role of ethics and social responsibility in business. Also the effect of business activities as it relates to employees is significant. Issues include equal job opportunity, workplace diversity, job safety and health, as well as employee privacy. Some competitive strategies may focus on weakening ire destroying a competitor. These can be injuries to competition and have the potential to reduce consumer welfare.

Although the concepts of ethical business ethics and social responsibility are often used interchangeably, yet they have different meaning, social responsibility means what must you have to do for the society while business ethics in refers to social responsibility refers to an organizations obligations to maximize positive impact and minimize its negative impact.

There are different kinds of social responsibility, first is legal dimension of social responsibility that refers to the laws and regulations established by the government. Ethical dimension refers to the behaviours and activities that organizational members, the community, and society expect from business.

Economic dimension refers to how resources for the production of products distributed within the social system. Philanthropic dimension relates to the structure and dynamics of society and the quality-of-life issues with which it is concerned.

Universal set of ethics is a question that why do businesses stuck have problems understanding what is ethical and what is unethical? The answer lies, partially how on these basic rights and responsibilities are operational zed, or put into use. When someone from another culture mentions integrirty or democracy, listeners look reassured