ADMS 1000 Lecture Notes - Lecture 10: Bernard Madoff, John Stuart Mill, List Of Corporate Collapses And Scandals

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Week 10 the societal context and sustainability. Ethics is the study of morality or moral judgments, standards, and rules of conduct. Models for judging the ethics of decisions: utilitarianism or end-point ethics (john stuart mill, rule ethics. To determine if an action is right or wrong one must examine the end result or likely consequences of an action: Intangible outcomes (happiness or friendship: must achieve the greatest amount of good for the greatest number of people . The difficulty in estimating or measuring benefits and costs to all stakeholders affected. The process or means to achieve the results is ignored. What if the means are unethical despite maximizing the greater good. There are some things that are never ethical no matter what the reason is. Rules may not be applied consistently to our professional verus personal lives. Factors affecting decisions to engage in ethical or unethical behaviour: corporate culture, decoupling, organizational identity, work roles.