ADM 1101 Lecture Notes - Lecture 4: Rights, Industrial Espionage, Implicit Stereotype

• School: University of Ottawa
• Department: Administration
• Course: ADM 1101
• Professor: James Bowen

Document Summary

Chapter 5: ethics of business: the theoretical basis. Business ethics: rules, standards, codes or principles that provide guidelines for morally right behaviour and truthfulness in specific situations. Level 1: awareness of moral or ethical implications. Level 2: ethical implications assessed upon individual, organizational, economic efficiency, governmental and societal influences: either value judgements of purpose, or moral standards of behaviour. Level 3: implications assessed upon use of ethical principles: decisions or actions based upon systematic analysis of outcomes, and benefits versus. Value judgements: subjective evaluations of what is considered important. Suppliers: dishonest advertising; product safety, non-competitive behaviour; industrial espionage, kickbacks; gifts; bribes, legal compliance; lobbying, respect for environment; corporate giving. Influences become the bases for an individual"s value judgements and moral standards that determine behaviour: influences on individuals, corporate or organizational influences, economic efficiency influences, government and legal system influences, societal influences. Moral problems should be defined as resulting in harms to some and benefits to other.