ADMS 1000 Chapter Notes - Chapter 10: Conflict Resolution, Categorical Imperative, Investor

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

Categorical imperative: moral actions respect others. Ethical and unethical is based on referent structure. People must behave in accordance for ethics to function: business ethics as managing stakeholder interests. Manager must balance the interests of many different. Shareholders, employees, customers, creditors, and parties so on. Models for judging the ethics of decisions: utilitarian/end-point ethics. Right and wrong is determined by the consequences. Produce greatest ratio of good to evil; satisfy the majority: tangible outcomes money, wealth, shareholder profit, intangible outcome happiness/friendship. Ethical analysis that considers the relative gains and costs for all parties affected by the decisions. Commit the action if benefit outweigh the cost. Impossible to completely accurately predict the outcome of the action. Only looks at the consequences and not the process: involves asking two questions. How are they affected: rule ethics. Judging actions according to absolute rules regardless of the consequences. Do organizations make us unethical: 5 factors affect our ethical/unethical decisions.