MGSC14H3 Lecture Notes - Lecture 1: Virtue Ethics, Immanuel Kant, Deontological Ethics
28 Feb 2016
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Document Summary
Unethical decisions loss of reputation, leads to reduction in profit and revenue, damaging shares, career ending for executives. Insights into the identification and analysis of key issues to be considered and questins or challenges to be raised: approaches to combining and applying dming relevant factors into practical action. A decision/action is considered ethical ( right") if it conforms to certain standards, it can be found that one standard is not enough to ensure an ethical decision. Edm framework proposes that decisions/actions be compared against 4 standards for a proper assessment of ethical behaviour: consequences or well-offness created in terms of net benefit or cost, rights and duties affected; 1,2,3, consequentialism , deontology, and justice are examined through stakeholder impact analysis by focusing on the impacts of a decision on shs and other affected stakeholders. 4, is the motivation of decision maker known as virtue ethics. All four must be examined to be defensible ethically.
