BBA102 Lecture Notes - Lecture 12: Corporate Social Responsibility, Business Ethics, Moral Rights

• School: Macquarie University
• Department: Business Administration
• Course: BBA102
• Professor: All

Document Summary

Ethics : standards/rules/principles of right and wrong that influence behaviour. Morals : behaviours of a human, individuals own principles regarding right and wrong. Values : relatively permanent and deeply held underlying beliefs and attitudes that help determine a person"s behaviour, underpin ethics and ethical behaviour. Absolutists : believe that ethical positions are fundamentally and permanently either right or wrong. Relativists : believe that ethical positions depend on the circumstances culture, consequences of action etc. Four approaches to ethics {textbook, pg 83-84: utilitarian. Guided by what will result in the greatest good for the greatest number of people. Disadvantage = damage to workforce morale and loss of skills/experience: individual. Guided by what will result in individuals best long-term interests which are ultimately in everyone"s self interest. Disadvantage = may not be good for everyone long term: moral rights. Guided by respect for fundamental rights of human beings. Disadvantage = rights may be in conflict: justice.