MGTS1301 Lecture Notes - Lecture 2: Corporate Social Responsibility, Trolley Problem, Individualism
Document Summary
Ethics & corporate social responsibility: managerial ethics. Spheres of executive responsibility: as a person, as an economic agent, as a company leader, beyond firms" boundaries. A situation in which all alternative choices or behaviours have potentially negative ethical consequences, making it difficult to distinguish right from wrong. For example: the trolley problem: you see a runaway trolley moving toward five tied-up (or otherwise incapacitated) people lying on the tracks. Pull the lever, diverting the trolley onto the side track where it will kill one person: approaches to ethical decision-making. An ethical decision is one that produces the greatest good for the greatest number of people: consequences, practicality. An ethical decision is one that best maintains and protects the fundamental rights and privileges of the people affected by it (e. g right to free speech, free consent, privacy, life and safety, dye process: rights.
