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Explain or describe each of the danger signs that an organization may be encouraging unethical behavior.
1. Excessive emphasis on short term revenues over long term considerations.
2. Failure to establish a written code of ethics.
3. A desire for a "quick fix" solutions to ethical problems.
4. An unwillingness to take an ethical stand that may impose financial costs.
5. Consideration of ethics solely as a legal issue or a public relations tool.
6. Lack of clear procedures for handling ethical problems.
7. Responding to the demands of shareholders at the expense of other constituencies.
When a firm has a higher perceived value and cost parity with competitors, why would it NOT offer products at a price premium?
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