SMG SM 131 Lecture 10: 4/2 - Managerial Ethics 1

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Rebecca Nichols

Document Summary

Managerial ethics: ethical principles and tests & creating an ethical culture. Ethics issues arise at different levels: personal level , situations faced in our personal lives outside the context of our employment, managerial and organizational levels , workplace situations faced by managers and employees. Managerial ethics and ethical principles: principles approach, a principle of business ethics is an ethical framework, guideline, or rule that assists you in taking the ethical course, ethical tests approach, simple tests to help with identifying ethical issues. Major principles of ethics: principle of utilitarianism, proponents are philosophers jeremy bentham and john stuart mill, the utilitarian approach to ethical dilemmas is to bring the greatest good to the greatest number of people. It expresses morality from the point of view of the group. In the business context, utilitarianism is often the default analysis (cost-benefit analysis): critiques are: fails to respect individual rights.