SMG SM 131 Chapter Notes - Chapter 6: John Stuart Mill, Teleology, Business Ethics

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Matthew Reis

Document Summary

Situations faced in our personal lives outside the context of our employment. Workplace situations faced by managers and employees. A manager or organization might experience business ethics issues at the industry or professional level. Managers acting in concert through their companies and industries can bring about constructive changes. Conflict of interest- when an individual has to choose between their interests and others" interests. Focus on the consequences of the actions. Take the action that results in the greatest good for the greatest number. Managers have the duty to tell the truth when they are doing business. The individual is a member of a social unit and moral virtue is a behavioral habit, a character trait that is both socially and morally valued. Principle of utilitarianism- jeremy bentham and john stuart mill. Conflict with ideas of justice and rights. Increase in total good ignores the distribution of good. Difficult to formulate satisfactory rules for decision making.