B&S5StudentVersion(1)

B&S5StudentVersion(1) - Chapter Five Ethics and...

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Chapter Five Ethics and Corporate Responsibility
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Ethics system of rules that governs the ordering of values relating to human conduct Ethical issue situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong involves choices that one makes Ethics (p. 162) Business ethics the moral principles and standards that guide behavior in the world of business legal and ethical behavior are not necessarily the same “Ethics are shaped by laws” (p. 168)
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Ethical Systems (p. 165) Egoism moral behavior is that which maximizes consequences for the individual when everyone pursues self-interest, people learn to accommodate each other in their long-term interest Moral philosophy principles, rules, and values people use in deciding what is right or wrong Universalism people should uphold certain values that society needs to function worth of an action measured by its conformity to some binding rule rather than by its consequences e.g., the golden rule Caux Principles kyosei and human dignity
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Ethical Systems (cont.) Utilitarianism moral behaviors produce the greatest good for the greatest number Relativism ethical behavior defined by the opinions and behavior of relevant other people
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Conventional stage Lives up to expectations of others. Fulfills duties and obligations of social system. Upholds laws. Ethical Systems (cont.) Preconventional stage Follows rules to avoid punishment. Acts in own interest. Obedience for its own sake. Principled stage Follows self-chosen principles of justice and right. Aware that people hold different values and seeks creative solutions to ethical dilemmas. Kohlberg’s model of cognitive moral development
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This note was uploaded on 02/16/2012 for the course BUSINESS 300 taught by Professor Daniels during the Spring '10 term at Rutgers.

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B&S5StudentVersion(1) - Chapter Five Ethics and...

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