MANAGMNT 301 Lecture Notes - Lecture 3: Triple Bottom Line
23 Oct 2017
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Document Summary
Ethics: a system of rules for ordering societal values and standards. Moral intensity: the degree to which people view an issue as an ethical one. Positive positive positive negative: the moral principles and standards that guide behavior in the world of business. Caux principals: ethical principles established by international executives based in caux principles in collaboration with business in japan, europe, and north america. Kohl(cid:271)erg"s model of cog(cid:374)itive moral development: there are four steps, level 1: pre-conventional level (self, level 2: conventional level (others, post conventional, autonomous, or principal level (humankind) (very few companies rise to this level) Sarbanes-oxley act: an act passed in to law by congress 2002, makes senior managers responsible for. Ethical dilemmas: choice between two competing by arguably valid options: utilitarian approach: outcome base, moral right approach: basic human right to all, universalism approach: golden rule.
