BLAW 2301 Lecture Notes - Lecture 13: Deontological Ethics, Risk Management, Data Center
Document Summary
Society as a whole benefits from ethical behavior. People feel better when they behave: money does not buy happiness. Unethical behavior can be costly: asthma bride, bradley v. mcdonald"s corporation (2003) Maximize overall happiness and minimize overall pain. Risk management and cost-benefit analyses are exm. of utilitarian business practices. Sense of dignity or obligation is the best justification for any action. Ethical decisions are those made for good and moral reasons, regardless of outcome. Should alpha company reduce the cost of their hiv drugs (currently ,000 per year) What is the purpose of a corporation. M. friedman argued that a corporation has 2 responsibilities. Make money for shareholders: the stakeholder model. Corporations should take care of more than shareholders alone. Organization responsibility to its employees: layoffs, outsourcing, ethics case: the storm after the storm. Tornado destroys data center rebuild or send jobs overseas.
