MGCR 222 Lecture 10: Chapter 10

• School: McGill University
• Department: Management Core
• Course: MGCR 222
• Professor: Allan Greer

Document Summary

Ethics is the systematic thinking about the moral consequence of decisions which can be framed in terms of the potential for harm to any stakeholder in the decision. Stakeholders are the people who may be affected by organizational decisions. Ethi(cid:272)al dile(cid:373)(cid:373)as refer to situatio(cid:374)s i(cid:374) (cid:449)hi(cid:272)h the (cid:858)right(cid:859) or (cid:858)(cid:449)ro(cid:374)g(cid:859) de(cid:272)isio(cid:374) is (cid:374)ot o(cid:271)(cid:448)ious. They (cid:272)a(cid:374) (cid:271)e occupationally specific like accepting favours from vendors (for purchasing managers and doctors), planned obsolescence and unnecessary packaging (for packaging managers), enticing customers and advertising products (for sales and marketing), etc. They can also be general to all managers like honest communication (not lying or withholding information), fair treatment, special consideration, fair competition, etc. Individuals can act unethically two of their roles conflict with each other. A common situation is when o(cid:374)e(cid:859)s (cid:271)ureau(cid:272)rati(cid:272) role i(cid:374) a(cid:374) orga(cid:374)izatio(cid:374) (cid:272)o(cid:374)fli(cid:272)ts (cid:449)ith their role as the (cid:373)e(cid:373)(cid:271)er of a professio(cid:374). They can also act unethically when the opportunity for personal gain creates temptation.