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Business Ethical Issues
Graduate business schools have an ongoing debate as to whether or not
business ethics can be thought. Whether it is a matter of the heart or an
academic discipline that can be thought, business ethics will continue to play
an important part of the global economy. Included here are some timeless
business and legal topics to ponder:
 | Price Cutting: Price cutting, in and of itself, is not
unethical or illegal. There is a difference in spirit though
between cutting prices to unload excessive inventory and undercutting the
competitors. |
 | Price Fixing: Price fixing is both illegal and unethical.
Stated differently, it is a conspiracy designed to deliberately hurt
competitors' businesses by fixing prices. |
 | Ignorance of Law: Ignorance of law is no justification for
breaking the law or to be exempt from the legal ramifications that comes with
breaking the law. |
 | Coerced Leadership: Employees will not respect a superior who
believes in directive and not participative management. Studies have
shown that participative management styles make people feel as if their
contribution is vital to the organization and, therefore, are willing to work
longer and harder. |
You have been given the basics and a starting point, go from there!

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