ADMS 1000 Lecture Notes - Lecture 9: Corporate Social Responsibility, Profit Maximization, Business Ethics

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Shahab Modirmassihai

Document Summary

Ap/adms 1000 lecture # 9 societal forces. Ethics is the study of morality or moral judgments, standards, and rules of conduct. The notion of business ethics has been considered as comprising the rules, standards, principles, or codes giving guidelines for morally right behaviour in certain contexts. Models for making ethical decisions: utilitarian or end-point ethics (developed by john stuart mills, rule ethics. To determine if an action is right or wrong, one must examine the end result or likely consequences of an action: An action must achieve the greatest amount of good for the greatest number of people in order for the action to be considered ethical. The difficulty in estimating or measuring relative benefits and costs to all stakeholders affected. The process or means to achieve the results is ignored. Rule ethics do not focus on the end result or outcome. Instead, it focuses on: general rules and principles that guide behaviour;