What do you find to be one of the most important ethical issues today for a business owner or leader in management (if not an actual business owner)?

Question

The business environment, for even the sole proprietor and small company, can be complex. Consider your own life experience and the kind of business you would operate.

What do you find to be one of the most important ethical issues today for a business owner or leader in management (if not an actual business owner)?

What should be the business owner or leader’s approach to this issue (e.g. best ethical framework)?

Include an example.

Spence, D. (2011). Corporate social responsibility in the oil and gas industry: The importance of reputational risk. Chicago-Kent Law Review, 86, 59-85. Retrieved from: https://repositories.lib.utexas.edu/bitstream/handle/2152/40348/2011_01_01_Corporate%20_Social_Responsibility.pdf?sequence=2MacMillan, C. (2016, July 12). The cost of ignoring social responsibility. http://caramacmillan.com/bp-cost-ignoring-corporate-social-responsibility-2/

Verschoor, C. C. (2010). BP still hasn’t learned ethical lessons. Strategic Finance, 92(2), 13-15. Available in University Library. (Search by author or title.)

Kaye, L. (2015, February 19). Five years after Deepwater Horizon, can BP repair its reputation? Marketing and Comms. Sustainable Brands. Retrieved from https://www.sustainablebrands.com/news_and_views/marketing_comms/leon_kaye/five_years_after_deepwater_horizon_can_bp_repair_its_reputa

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