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book Law, Business and Society 11th Edition by Tony McAdams cover

Law, Business and Society 11th Edition by Tony McAdams

Edition 11ISBN: 978-0078023866
book Law, Business and Society 11th Edition by Tony McAdams cover

Law, Business and Society 11th Edition by Tony McAdams

Edition 11ISBN: 978-0078023866
Exercise 46
Former General Motors vice president John Z. DeLorean wrote in his book, On a Clear Day You Can See General Motors,
It seemed to me then, and still does now, that the system of American business often produces wrong, immoral, and irresponsible decisions, even though the personal morality of the people running the business is often above reproach. The system has a different morality as a group than the people do as individuals, which permits it willfully to produce ineffective or dangerous products, deal dictatorially and often unfairly with suppliers, pay bribes for business, abrogate the rights of employment, or tamper with the democratic process of government through illegal political contributions. 102
a. How can the corporate "group" possess values at odds with those of the individual managers
b. Is DeLorean merely offering a convenient rationalization for corporate misdeeds Explain.
c. Realistically, can one expect to preserve individual values when employed in a corporate group Explain.
Explanation
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Law, Business and Society 11th Edition by Tony McAdams
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