ADMS 3660 Lecture Notes - Lecture 1: Business Ethics, Relate, Rationality

• School: York University
• Department: Administrative Studies
• Course: ADMS 3660
• Professor: Avraham Kleiman

Document Summary

Course objectives: awareness of ethical issues and their importance for business, understanding of conceptual tools for analysis; and, greater ability for resolution of ethical issues at the individual, organizational, and societal levels. Company manufactures airplanes & must make a payment to a foreign government official in order to obtain a contract your company clearly deserves. Although not legally required, you can install pollution control equipment to help reduce emissions of arsenic from your factory(cid:495)s smokestack, but it will cost several million dollars placing the financial viability of the firm at a risk. When we are studying morality we are doing (cid:494)ethics(cid:495). Morality = the standards that an individual or group has about what is right or wrong, good or evil. Business ethics = a specialized study of moral right or wrong. It concentrates on moral standards as they apply to business policies, institutions, and behavior.