Ethics and business Values
Reference American Buisness Values by Geraald Cavangh 6e. & Business and Society ethics and Shareholder Management 8the by Ann K. Buchholtz
Answer the following question based on the readings from both books.
Scenerio: You are a manager in a firm in a very competitive industry. Your major competitor has made an important scientific discovery that will give it a substantial competitive advantage for years to come. A scientist who knows the details of the discovery applies for a job at your firm.
There are no legal barriers to hiring the scientist (and picking her/his brain). However, there may be ethical issues.
Answer the following 3 questions based on the facts above.
1) Will you hire the scientist?
2) Describe the appropriate process to use in making this decision. (Hint: A process is a sequence of events.)
3) Do you believe the application of ethical principles hinders free enterprise in the US? Why or why not?