Problem 1. Generally speaking, why is business ethics important?
Problem 2. What should be the primary focus of business ethics, and why is this so?
Problem 3. Is it necessary for everyone in a business organization to fully understand and practice sound business ethics all the time? Why or why not?
Professional Development:
Problem 1. Set forth in detail the long-term goal or goals of an organization you currently work for, or one you worked for in the past.
Problem 2. If you were given the authority, set forth three changes you would implement to help your organization achieve its long-term goals.
Issues to Consider:
Problem 1. Sternberg states that the purpose of a business is to maximize long-term owner value. Do you agree with her assessment, or do you believe a business should exist for other purposes? Explain your position.
Problem 2. Distributive justice and "ordinary decency" are cited by Sternberg as the key fundamentals of business ethics. Based upon your experience and/or knowledge, explain how well these fundamentals are practiced, and why you believe this to be so.