Class notes BUSI 1011 Management Ch. 3, ISBN: 9781119715061
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Course
BUSI 1011
Institution
Lakehead University (LakeheadU
)
Book
Management
Introduction to Management. Ch. 3 Ethics and Responsibility. Summarized notes of the chapter. Explains ethics, ethics in workplace, maintaining high ethical standards, social responsibility, laws and values influencing ethical behaviour, alternative ethical views, cultural issues in ethical behavio...
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Introduction to Management
BUSI 1011
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Management
Ethics and Responsibility
Ch. 3
1. Ethics
↳ Laws and valued as influences on ethical behavior
↳ Alternate views of ethics
↳ Cultural issues and ethical behavior
2. Ethics in the Workplace
↳ Ethical dilemmas
↳ Influences on ethical decision making
↳ Rationalizations for unethical behavior
3. Maintaining High Ethical Standards
↳ Moral management
↳ Ethics training
↳ Codes of ethical conduct
↳ Whistleblower protection
4. Social Responsibility
↳ Social responsibility, sustainability, and the triple bottom line
↳ Perspectives on corporate social responsibility
↳ Evaluating corporate social performance
↳ Corporate governance
Ethics
Ethics - Moral code of principles
↳ Sets standards of “good” or “bad” or “right” or “wrong” in one's conduct
Ethical behavior - What is accepted as good and right in the context of the
governing moral code
Laws and values as influences on ethical behavior:
↳ Legal behavior is not necessarily ethical behavior
↳ Personal values help determine individual ethical behavior
Values - Underlying beliefs and attitudes that help influence individual behavior
↳ Terminal values - Preferences about desired ends
↳ Instrumental values - Preferences regarding the means to desired ends
, Four views of ethical behavior
Four alternative ethical views
1. Utilitarian - Delivers the greatest good to the most people
2. Individualism - Advances long-term self-interests
3. Moral rights - Respects and protects the fundamental rights of all people
4. Justice - Fair and impartial treatment of people according to legal rules and
standards
↳ Procedural justice - Policies and rules fairly applies
↳ Distributive justice - Fair distribution of outcomes
↳ Interactional justice - People treated with dignity and respect
↳ Commutative justice - Fairness to all involved
Cultural issues in ethical behavior
Cultural relativism - Ethical behavior is always determined by cultural context
Moral absolutism - Behavior unacceptable in one's home environment should not be
acceptable anywhere else
Ethical imperialism - Imposing one's ethical standards on others
Ethics in the Workplace
Ethical dilemmas - Occurs when choices, although having potential for personal
and/or organizational benefit, may be considered unethical
↳ Discrimination
↳ Sexual harassment
↳ Conflicts of interest
↳ Product safety
↳ Use of organizational resources
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