Reynaldo Marasigan                                         IT-ETHICS                                              March 5, 2008

Book Review 8

Title: Business Ethics: A Global Managerial Perspective

Author:  David J. Fritsche

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Chapter 1: Business Ethics: A Global Framework

            The chapter talks about the ethical behavior in a long-term business perspective. That includes the MACRO and MICRO perspective. The macro perspective mostly deals in the market system. In any process it came from. That there is this conditions that is required so that the market system will effectively work that are the right to own and control private property, the freedom of choice in buying and selling goods and services and lastly the availability of accurate information concerning those goods and services. This will deals with the success of the market system in the society. Ownership means to own something so that thru this ownership you will start. Location of desirable goods and services in the market place so that they can easily buy their wants or can choose their own choices, the ethical issues is how will you ethically compete with other in knowing that you can exercise all the things you have to get a high market.  Thus unethical behavior comes from a macro perspective.

In the sense of the behavior of people in business ethics, there are types of issues first is briber or the offering, giving, receiving, or soliciting of something of value for the purpose of influencing, the action of an official in the discharge of his or her public or legal duties. Next is Coercion or controls people by force or threat. Next is deception manipulates people and firms by misleading them. Theft is the taking of something that doesn’t belong to you. Lastly unfair discrimination unfair treatment or denial of normal privileges.

Chapter 3: MORAL STANDARDS

            Business ethics is the process of evaluating decision, either pre or post, with respect to the moral standards of the society’s culture.

Business ethics involves the use of moral standards, when making business decisions. According to Cavanagh there are six rights which he believes are basic business activity which are life and safety, truthfulness, privacy, freedom of conscience, free speech and property.

  A theory is talked about in the chapter integrative social contract theory that talks about that recognizes the moral diversity among cultures. This is where business ethics is talked about. It is how we will coordinate in the different people. The external environment of ours is also different in any other way. The universalist and relativist perspective is also talk about in the chapter.

Chapter 4: Ethics and Decision Making   

                        Many factors are thought to affect the ethical dimension of business decision.  Many factors like personal traits in business decisions are made by individuals and committees of an organization. Ethics came from how the business is mold. Its culture becomes a great part of the decision making of the bosses. Ethics is reveled through decision making behavior of an individual. When solving business problems such behavior evolves from attitudes towards the conditions with the environment he is into.