Assignment task:
Prompt: Ferrell et al. suggest that the standard you chose for organizational ethics serves as the basis for "rewards and punishments";
"This integration [legal, voluntary, and core practices] can strike an ethical culture that effectively manages the risks of misconduct. Institutionalization relates to legal and societal forces that provide both rewards and punishment to organizations based on stakeholder evaluations of specific conduct." (2022, p. 86)
Evaluate this quote based on other course material for this week on standards, as well as any outside source(s). Analyze based on your own standards. Do you agree with the quote? Disagree? Why?
Reference:
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2022). Business Ethics: Ethical Decision Making and Cases (13th ed.). Cengage. ISBN: 9780357513361.
Ruddell, L. (2014). Business Ethics - Faith that Works (2nd ed.) WestBow Press. ISBN: 978-1490853024.