100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ADMS 3660 MIDTERM York University ADMS 3660 CA$11.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. ADMS 3660
  4.  
  5. ADMS 3660

Exam (elaborations)

ADMS 3660 MIDTERM York University ADMS 3660
 33 views  0 purchase
  • Course
  • ADMS 3660
  • Institution
  • ADMS 3660

ADMS 3660 MIDTERM  ETHICAL DILEMAS - Bribery (soborno) - Forced labor: o Not paid at all o Really bad working conditions o Includes children o Young kids die o Change suppliers, put a press release and gain profits from there- good publicity o Change suppliers, lost revenues will be jus...

[Show more]

Preview 3 out of 28  pages

Document information

  • February 14, 2023
  • 28
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • put a press release a
  • adms 3660 midterm  ethical dilemas bribery soborno forced labor o not paid at all o really bad working conditions o includes children o young kids die o change suppliers

Written for

  • ADMS 3660
All documents for this subject (6)

Seller

avatar-seller
ExamsConnoisseur

Reviews received

Content preview

ADMS 3660 MIDTERM

 ETHICAL DILEMAS

- Bribery (soborno)
- Forced labor:
o Not paid at all
o Really bad working conditions
o Includes children
o Young kids die
o Change suppliers, put a press release and gain profits from there- good publicity
o Change suppliers, lost revenues will be just for the first year and the suppliers are not worth it
- Toxic Pollution:
o Shouldn’t install the equipment because the number of people laid off if company closes results in worst
results
o How many people work for the company? That makes a huge different
o You have to install the equipment because you cannot put a price tag to people’s life but unemployment
also kills people
o Arguments against society vs benefits to society
o People hasn’t given permission to be exposed to this substance
- Philanthropy:
o The money is not the CEO’s to donate
o When it is held by shared holders, one argument is that it’s not their money to give away
o However, all the shared holders might approve it, it is part of the brand and it is a business decision
o They could do more money if customers feel good about it

Steps to analyze decisions:

1. What are the facts of the situation?
2. What are the options?
3. What are the outcomes of the options? How will different possible decisions affect different stakeholders?
4. What criteria (standards) of right and wrong are applicable?
5. Apply criteria to options à decision
- We usually apply criteria implicitly

Structure of dilemmas:

1. When “what to do” is/seems debatable, uncertain
2. Dilemmas arise from:
- Competing goals of decision-maker or organization
- Competing interests/values among stakeholders
- Dispute or uncertainty re relevant facts
- Dispute or uncertainty re relevant ethical principles/ norms/ values

Ethics not all about dilemmas:
- Been a good ethical person is not really about been good about solving dilemmas but finding ways to avoid them
- Other skills:
o Creatively developing solutions that avoid dilemmas/trade-offs
o Doing the right thing in situations where there is no dilemma but some incentive to do the wrong thing
o Developing practices, procedures and culture that support, make easy, make routine doing right thing, reduce
incentives for wrong doing

 Ethics: the study of morality, when we are studying morality we are doing ethics
 Morality: refers to the standards (criteria) that an individual or group has about what is right or wrong, good or
evil
 They are sometimes used to mean the same
 Sometimes we can use morality to refer to the zero order, beliefs, values people use to act on what is right or not
and ethics is the analysis of that (the study of that)
 Morality is about what is right or wrong depending on your values, and ethics is right or wrong given different
values

,  Ethics, professional code
 Business ethics



Ethics and other kinds of norms:

 Ethics is about norms, categorical imperatives (if you want to do something, then do this)
 Norms: behavior guiding
 Not all norms are ethical

- Norms are rules, statements or attitudes that guide behaviour, including
o Prescriptions (“you should do X”)
o Imperatives (“do X!”),
o Proscriptions (“don’t do Y”),
o and some kinds of feelings (“Y? Eeeww!”) – guilt, shame, disgust
- Morality consist of norms
o But so do law, etiquette (manners) and much of religion

Law and ethics:

Questions:
1. When do law and ethics overlap?
2. When do they not overlap?

 Law, area of norms
 Example of a norm that is legal and moral: don’t steal things from stores (illegal to steal and it is ethically wrong)
 Example of illegal but immoral norm: smoking marihuana
 Example of moral norm that is illegal: abortion

 Two kinds of ethics (two ways of studying morality):
1. Descriptive: describes people’s actions and believes
- It doesn’t attempt go against these norms
- Social and behavioral sciences
- Not our focus
- What do individuals or groups think is right and wrong, good or evil? What are the observable social norms in a
given group?
o What causes members to think that way?
o How does it affect their behaviour?
- These are empirical (scientific, factual) questions studied in psychology, sociology, anthropology
2. Normative/prescriptive:
- What ought people to think is right and wrong, good and evil?
o What is the best (most coherent, best grounded) set of moral standards/criteria?
o Why should people follow them?
- These are normative and conceptual questions studied in philosophy
 Our focus in this class
 What we think, and then we ask ourselves why
 Judgement-> why? = principle -> judgement?

Business Ethics:

Definitions:
 Business Ethics is a specialized study of moral right or wrong. It concentrates on moral standards as they
apply to business policies, institutions, and behavior
- Includes both descriptive and normative approaches
 Corporate Social Responsibility refers specifically to a description and moral evaluation of the impact that a
business organization has on society

Relationship of Law and Business Ethics/CSR

, 1. Law may refer to ethical norms, codes of practice etc.
- E.g., standards of “reasonable care”
- Compliance with voluntary code as due diligence defense when charged with regulatory breach

2. Whether to obey law is often an ethical decision:
- Compliance as SOP vs “costing” of fine discounted by odds of getting caught

 If you take reasonable care to avoid violating an environmental code, you may not be punished

Perspectives on Ethics in Business:

1. Ethics as a business constraint: limits your ability to maximize profit, cost on business, constraint on what you
could do
- “Ethics costs”
2. Ethics as a business advantage: companies advertise that they are responsible, that they are green, etc. It can
be used as a branding tool
- “Ethics pays”
3. Ethics as underpinning of business: certain level of internalized ethics is needed
- Business can’t take place without a minimal degree of ethics (e.g., trust)

 Ways to think about the relationship of ethics and business
 Ethics and morality is about solving collective action problems
o What does this mean? Example slide 20
o All ethics is about collective action problems
o Voluntary cooperation is situations where everyone has to cooperate or you are in disadvantage

Structure of collective action problem

 I’m better off not cooperating regardless of what you do
 You’re better off not cooperating regardless of what I do
 So, “rational” choice is not to cooperate:
 BUT we are both better off if we both share than if neither of us do
o $120 K vs $100 K
- Rational to agree to cooperateà ethics, law

 Equilibrium
 A rational response to a situation where narrow rationality leaves everyone worst off in the long run
 How do we enforce this agreement? LAW to ensure everyone cooperates but it may cost us more... so law
doesn’t always work because it is itself an expense
 So we have norms of trust and loyalty- social norms, morality

Did ethics affect your decision?

 Self-interest? (free-rider)
 Trust? (uncertainty, risk)
 Honesty? (vs. bluffing)
 Promise-keeping? (vs. need for legal contract)
 Integrity? (consistency)
 Loyalty? (co-workers, company, friends, family)
 Caring? (avoiding harm or doing good)

(Canadian and US perceptions of honesty and ethical standards, Slides 24 & 25)
 CEOs are not very trusted

The concept of CSR

- Issue: What obligations does a firm have toward society?
- “The idea of social responsibility supposes that the corporation has not only economic and legal obligations, but
also certain responsibilities which extend beyond these obligations”
(Macguire, 1963)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsConnoisseur. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$11.49
  • (0)
  Add to cart