Week 4 Lecture - Week 4 Lecture (Session 4) Ethics in...

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Week 4 Lecture (Session 4) Ethics in Business Ethical Issues in OB Members of organizations often confront ethical dilemmas. A few examples illustrate this point: Is it unethical to “pad” and expense report? How about using the company telephone to make personal long-distance calls? Is it wrong to use insider information for personal financial gain? Should someone follow orders that he or she doesn’t personally agree with? Is it unethical to “play politics” in an organization? Ethics refers to “the rules or principles that define right and wrong conduct”. Ethical questions like those noted above have no “right” answers. These questions fall into a gray area where individuals make judgments based on some ethical standards. There are three different ethical positions that can provide guidance in evaluating your own ethical standards. Utilitarian view of ethics - decisions are made solely on the basis of their outcomes or consequences. The goal of utilitarianism is to provide the greatest good for the greatest number of people. This view tends to dominate business decision making. It is consistent with goals like efficiency, productivity, high profitability. - By maximizing profits, for instance, a business executive can argue that he or she is securing the greatest good for the greatest numbers. - Rights view of ethics – calls on leaders to make decisions consistent with a person’s fundamental liberties and privileges as set forth in documents like the Bill of Rights. o
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Week 4 Lecture - Week 4 Lecture (Session 4) Ethics in...

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