Business Ethics
... Our MGMT 341 textbook defines ethics as “the study of moral values and moral behavior” (Nelson & Quick, 2000, p. ... Cragg (2001) suggests that organizational focus on the maximization of profits and business competition has lead to unethical procedures. ... 6) states “if the corporate world is to respond effectively to the changing environment of business, it must broaden its field of concern to include not only shareholders, but also other stakeholders. ... One way to do this is to implement a code of ethics that defines an organization’s values. A code of ethics is a standard against which members of an organization can measure themselves (Nelson & Quick, 2000, p. ... However, Cragg (2001) notes that a code of ethics alone is not enough.