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Administration (2,738)
ADM1301 (111)
Tim Ragan (11)
Lecture

Chapter5.docx

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Department
Administration
Course
ADM1301
Professor
Tim Ragan
Semester
Winter

Description
Chapter 5 Ethics of Business The Theoretical Basis SummaryEvery business operation has the potential for ethical implicationsThe ethics of business the rules standards codes or principles that provide guidance for morally appropriate behaviour in managerial decision making relating to the operation of the corporation and business relationship in society Forms of justice o Procedural o Corrective o Retributive o distributiveThree levels of ethical assessment 1 Awareness of moral or ethical implications 2 Ethical implications assessed upon individual and societal influences described as value judgments and moral standards 3 Implications assessed upon use of ethical principles Influences on ethical behaviour lead to ethical relativism the belief that ethical answers depend on the situation and there are no universal standardsrules to guide or evaluate moralityKohlbergs Stages of Moral Development
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