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GMS 802 (18)
Jian Guan (17)

chapter 1

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Global Management Studies
GMS 802
Jian Guan

1Chapter 1 The Language of EthicsWhy is Ethics an Uncomfortable Topic for Managers1Ethics is viewed as a highly technical discipline2Many see ethics as involving blame and fault3Ethics is seen as an idealistic endeavour while management is often considered to be all about hard numbers and practical resultsWhy Study EthicsTo clarify your values so you can make decisions that align with themTorespect yourself as a person of good character andintegrityTo be accountable to othersTo address issues such as Protecting the environmentAvoiding scandals eg Enron Worldcom TycoWorkplace harassment and discriminationMaking products that do not harm consumersStudying ethics will improve your ability to make good decisions and to be able to defend your choicesThree Traditions in Ethics1 Deontologylooks at the actions or means people use to achieve their goals2 Character Virtue Ethicslooks at the agents or persons who are acting in the situation3 Consequentialism Utilitarianismlooks at the ends or goals that are outcomes of actions Character DeontologyConsequentialism EthicsActions Deotologydeonduty or obligation to follow standardsEvaluates Actions based on standards of right and wrong Standards of human decency worth and respect rule out treating others in certain ways ie Lying to them physically harming themAgents Character Virtue EthicsFocuses on the personA person of good character demonstrates virtues ie fairness trustworthiness courageEnds ConsequentialismFocuses on the end result or consequences produced by an actionAn action which creates more good than bad in terms of achieving our goals is considered goodthe ends justify the meansConsequentialism can lead to unethical acts if the goals are not morally soundDesired goalsquestionable means questionable motivesUtilitarianism a branch of consequentialism seeks to create the most favourable balance of benefit over harmExample Susan wants to lie on her resume to get into an MBA programIs this ethicalAction What standards rules apply to this situationAgent Will doing this help me to become a person of good characterEndsConsequences What will be the consequences of doing thisIs my goal morally soundDecision Guide 1 DeontologyStandards of ConductA Society needs shared moral standards To keep people safe To allow for free expression Firms need shared moral standardsTo support conditions of efficient tradeTo create a productive work environmentStandards of Conduct 5 Core Principles1BeneficencePeople should provide help to others
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