ADMN 1000H Lecture Notes - Lecture 5: Corporate Social Responsibility, Business Ethics, Organizational Culture

• School: Trent University
• Department: Business Administration
• Course: ADMN 1000H
• Professor: Aareni Uruthirapathy

Document Summary

Ethics: is the study of morality or moral judgements, standards and rules of conduct. Business ethics is considered the rules, standards, principles or codes giving guidelines for morally correct behaviour. Utilitarianism: must achieve the greatest amount of good for the greatest amount of people, if achieved the action is ethical; act utilitarian. Must look at end result to determine right or wrong: Limitations - the dif culty in estimating or measuring relative bene ts and cost to all stakeholders affected; the process to achieve results is ignored. Religious beliefs on what is morally right versus wrong. Limitations - cannot be applied universally, obligations may override ethics. Factors affecting decisions to engage in ethical/unethical behaviour. Organizational culture has been de ned as the bond or glue that holds an organizational together. Codes of conduct one of the most common methods used by the business community to improve ethical conduct.