ADMS 3660 Lecture Notes - Lecture 1: Oxymoron, Business Ethics, Resource Depletion
Document Summary
3 approaches for ethical analysis: conventional approach; mix with: profits & producing goods and services. Application of traditional ethical theories; ethics test immoral, but are amoral = not the type of thing that we should. The law requires self-interested managers include standards: ethics:1. Full, fair, accurate, timely, and expectations of business have risen. understandable disclosure in periodic reports. Managers must concern ethics: unethical behaviour creates based on the overall consequences of that act 2. Ethics of legal risks for business & financial and marketing risks. Principles-deciding based on the basis of moral principles. Business ethics is an oxymoron is misguided: 1. businesses such as promise keeping, obeying rules, or giving people what are guided by rules, standards, principles, and obligations that they deserve. Personal character-virtue ethics, where we consider the moral academic discipline that studies those standards, values, and character of the person making the choice. principles, and seeks to articulate and defend the ones that.