Chapter_5_Ethics_of_Business_The_Theoretical_Basis

Chapter_5_Ethics_of_Business_The_Theoretical_Basis -...

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BUS 306-002  Ethics in Decision Making Chapter 5:  Ethics of Business: The Theoretical Basis George Z. Peng
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Learning Objectives This chapter provides a brief introduction to  some ethical theories from an applied  perspective. This chapter enables you to better understand  the ethical implications of business (and to be  better able to respond to the “oxymoron”  argument!)
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Chapter Outline Business Ethics: Key Terms Ethical Implications in Business Influences on Ethical Behaviour Theoretical Basis for Ethical Conduct Moral Reasoning Process Kohlberg’s Stages of Moral Development
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5.1 Introducing the Ethics of Business The ubiquity of ethics: Do businesses have  ethics? Business ethics vs. ethics of business (P.88) Many definitions  Relationship between business and ethics: “ The superior man understands righteousness ( h ), the inferior man understands profit ( h ). ──Confucius   Superior man vs inferior man
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Potential Ethical  Implications in  Business Operations
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5.2 Assessment of Ethical Implications in Business  Decisions Three levels of assessing ethical implications:  awareness, assessment based on influences, and  assessment based on ethical principles. Value judgment (individual influences) vs moral  standards (societal influences) (P.90) Both vary culture, country, and time. The third level is more systematic. A conscious effort  is made to identify and analyze the distribution of  benefits and harms to all stakeholders affected.
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Levels of Ethical Assessment
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5.3 Influences on Ethical Behaviour Individaul morals National and ethnical cultures Government legislation and regulation The legal system Education (≠ethics) Media (test) Corporate mission, vision and values  statement
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5.3 Influences on Ethical Behaviour
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Chapter_5_Ethics_of_Business_The_Theoretical_Basis -...

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