1. Business Ethics

2.  The set of moral principles by which people conduct themselves personally, socially, or professionally  Business Ethics: A set of laws about how a business should conduct itself  Businesses have some legal responsibilities to do what is right for society’s welfare  Can a business behave unethically and still operate within the law?  Can poor ethics effect business? Ethics Defined

3.  Shareholder: A person/company/organization that owns any part of the company; shares in business profits and losses  Stakeholder: A person/group/organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies  Ex: Employees, customers, communities, environment? Driving Forces in Business Ethics

4.  “The duty to do what is best for the good of society”  Do businesses have a social responsibility?  If so, how do they fulfill this responsibility?  Making profits for shareholders?  Sharing profits with society-at-large? Social Responsibility

5.  http://www.hoover.org/news/daily-report/24617 http://www.hoover.org/news/daily-report/24617  http://www.veganpeace.com/sweatshops/sweatshop s_and_child_labor.htm http://www.veganpeace.com/sweatshops/sweatshop s_and_child_labor.htm  http://business-ethics.com/2012/09/29/greening-up- the-hotel-industry/ http://business-ethics.com/2012/09/29/greening-up- the-hotel-industry/ Resources for Ethical Dilemma

6.  How much water and soap can hotels save from leaving cards out?  How do hotels utilize “green” technology and increase profitability? (Think about toilets!)  What’s the point for hotels to plant trees and participate in the Four Seasons’ 10 Million Trees Initiative Green Hotel Assignment Hint: you will have to READ the article to find the answers to the questions below