Management and Organizational Studies 1023A/B Lecture : Introduction To Business Ethics.docx

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: James O' Brien

Document Summary

The consequentialist theory that ethical behavior is the moral rightness of one"s actions is determined by the results of the act and its impact on either the individual (egoism) or all involved (utilitarianism). Nonconsequentialists: assess the nature of the act as being either ethical or unethical regardless of its results. Metaethics: focus on ethical theories, their evolution, and the social and cultural influences shaping those theories. Normative ethics: emphasize practical aspects by providing principles of appropriate behavior and guidance for what is right or wrong. Applied ethics: deal with the application of moral principles and reasoning as well as codes of conduct. Business ethics: are a subset of applied ethics that deals with ethical issues, conflicts of interest, and the morality of business decisions. Defined as the moral principles and ethical standards that guide business behavior. The sec"s definition of code of ethics focuses on ethical conduct of the company"s specified officers involved in financial reporting.