One page each chapter. Just main points

Chapter 1
Businesses today run in several environments simultaneously including legal, technological social etc. Moreover each of these environments is dynamic and constantly changing and evolving. Identification of these changing factors and adapting accordingly is the focus of stakeholder’s theory. The Stakeholders theory holds that the interest of all stakeholders must be considered by a business while making its decisions. This requires integration of personal and professional expertise in order to be done effectively.
What is business ethics and why does it matter
Business ethics deals with the right and wrong of the behaviours of an organization with regards to its decisions or policies. Business ethics thus guides people to make informed and socially responsible choices. It involves thinking of the interest of different stakeholders. Ethical decision making is a complex process that requires sophisticated modes of thinking. Thus, it is divided into different levels.
Stakeholder’s management approach enables making connection between a company’s focus and all stakeholders and recognition of strategies for satisfying each stakeholder and doing all this while being morally responsible to all. Business ethics is surrounded by several myths, most of which are unreal. That is why ethical reasoning must be used in order to guide one’s process of ethical decision making. There are several reasons, three principal ones include, the insufficiency of law towards gray areas in a problem; no strict guidelines that can inform businesses regarding complex ethical issue; and complex problems require complex thinking and understanding.
Chapter 2
This chapter introduces the complexity of ethical dilemmas. Understanding this complexity enables us to appreciate the tough choices that need to be made at the expense of conflicting interests. Ethical principles are introduced that can guide moral dilemmas. Moral maturity, Covey’s Mora Continuum was discussed among others to highlight the importance of moral understanding of complex cases. We are also introduced to different decision criteria to enhance reasonable and critical thinking.
One of the goals of ethical reasoning is to encourage morally responsible behaviour and removal of ignorance and bias. These two conditions cause distortions in moral awareness. Five principles of ethical reasoning are also presented that help in ethical decision making. These were universalism, utilitarianism, rights/individual entitlement, and justice and virtue ethics. These principles are not rigid rules instead they provide guidelines to analyze stakeholder interests.
Ethical orientations were also introduced in this chapter. These were immoral, amoral and moral. These orientations help in evaluating ethics. Immoral and moral orientations are easy to distinguish while amoral orientations are hard to discern. These orientations can primarily be recognized in neglect and ignorance of possible harm.
Social responsibility of businesses was also introduced in this chapter. Four important roles were described including...