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Business Leadership - Ethics
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  • Course
  • Business Leadership
  • Institution
  • Sunway College
  • Book
  • Studyguide for Management by Schermerhorn, John R., ISBN 9781118113929

This is the notes which have taken during the teacher's lecture and provides the main information of the third chapter of Business Leadership (BOH4M). This lesson covers the ethical behavior in the business environment.

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Document information

  • August 9, 2017
  • 4
  • 2017/2018
  • Class notes
  • Unknown
  • Dave leonard

Subjects

  • cimp
  • business leadership
  • ethics
  • boh4m
  • ossd

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  • Sunway College
  • CIMP
  • Business Leadership
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Ethics
- Oral code of principles

- Set standards of “good” or “bad” or “wrong” in one’s conduct

Ethical Behavior

- Accepted as good and right

Law, Values, and ethical behavior:

1. Legal behavior is not necessarily ethical behavior.
(letter of the law vs intent of the law)

1. Personal Values help determine individual ethical behavior.
Values – Underlying beliefs and attitude that help determine individual
behavior (Milton Rokeach)

- Terminal Values – Long term goals (things you want in life).

- Instrumental Values – What you are willing to do to get those things.

4 views of Ethical Behavior

1. Individualism View – Does a decision or behavior promote one’s
long term self – interest? (Act for yourself)
2. Justice View – Does a decision or behavior show fairness and
impartiality? (Act for Justice)
3. Moral Rights View – Does a decision or behavior maintain the
fundamental right of all human beings (Act of Principal)
4. Utilitarian View – Does a decision or behavior do a greatest good
for most people? (Act for the greatest good).
Cultural issues in ethical behavior:

- Cultural relativism

o Ethical behavior is always determined by culture context.

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