Ch5Management copy - Ethical Systems 1 Moral philosophy...

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Ethical Systems 1. Moral philosophy : principles, rules and values people use in deciding what is right or wrong 2. Universalism: the ethical system stating that all people should uphold certain values that society needs to function 3. Caux principles : ethical principles est. in Caux, Switzerland in collaboration with business leaders from Japan, Europe and the United States 4. Egoism: an ethical system defining acceptable behavior as that which maximizes consequences for the individual (most benefit for the individual maximizes benefit for society) 5. Utilitarianism : greatest good for the greatest number of people 6. Relativism : ethical behavior based on the opinions and behaviors of relevant other people 7. Virtue ethics : what is moral comes from what a mature person with “good” moral character would deem right - Kohlberg’s Model of cognitive moral development (see class notes) Ex: A guy who works for a company that manufactures bolts is about to make a big sale to a construction company that needs to build a bridge. If the guy makes the sale, he gets a $25,000 commission. However, there is a defect rate on the bolts of 3%. The guy can choose to tell the
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Ch5Management copy - Ethical Systems 1 Moral philosophy...

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