Read Case Study 1, "Bernie Madoff: How "One Big Lie" Can Destroy Thousands of Lives," on pages 258-264. Summarize the overall viewpoint of the author, and discuss the major issues presented in the case. Review the "Questions for Thought." Answer the four "Questions for Thought" using the business ethics principles from the textbook.
Your summary of the author's viewpoint and your discussion of the major issues presented in the case must be in paragraph form. However, your responses to the four "Questions for Thought" can be answered either in paragraph form or as a numbered list. Ensure to include your summary of the author's viewpoint, your discussion of the ethical issues facing Bernie Madoff, and your responses to the questions.
Deliverable length is a minimum of 500 words, double spaced, 12pt New Times Roman font. Title page, abstract, and running head are not required; however, if you paraphrase or quote words or ideas from your course textbook or other resources, you must cite your sources following the APA style citation guidelines.
Discussion Board
Read the parts of your textbook that discusses the issue of stakeholders, and fairness to all stakeholders. Two concepts come to mind: fairness and justice.
1. Discuss the difference between "fairness" and "justice"? Should stakeholders be treated "fairly" or "justly"? Discuss.
2. Research Milton Friedman's view of corporate social responsibility. Should corporations adopt an "integrity-based ethics" or "compliance-based ethics" when dealing with stakeholders? Discuss your response.
Substantiate your all your comments and responses. Avoid the use of Wisegeek, NetMba, Wikipedia, excessive use of dictionaries and encyclopedias, and sources of that nature, which are not considered reputable sources, when substantiating your comments and responses.