ADM 1301 Lecture Notes - Lecture 12: Teleology, Egotism, Relativism

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: Daina Mazutis

Document Summary

Lo 5. 2) assessment of ethical implications in business decisions. Level 1: awareness of moral or ethical implications. Value judgement: subjective evaluations of what is considered important; based on how managers intuitively feel about the goodness or rightness of various goals. Moral standards: which individuals judge their actions and the actions of others based upon accepted behaviours in society. Level 2: ethical implications assessed upon individual, organizational, economic efficiency, governmental and societal influences. Influence on individuals: family or home environment is a major influence, making the personal convictions of individual managers a source of ethical standards. Corporate or organizational influence: culture of a corporation or organization influence how manager behaves, corp develop mission, vision, and values statements that identify the values that are held by the organization and reflected in the corp culture. Societal influences: the group can influence how managers view society and business operation, ethical standards affect the managers for their decision making.