BUS 303 Lecture Notes - Kantian Ethics, Consequentialism, Ad Hominem
Document Summary
Stakeholders are people, or groups of people, who have an interest in a business decision (p5) The communities affected by modern business are more aware than ever before of corporate malfeasance, and are demanding more than ever before that they be treated fairly, and their rights not be trampled by corporate (in) action (p5) Ethics is the application of, or acting within, moral principles. In other words, an ethical person has values, and acts in accordance with those values (p7) Normative means how things ought to be (p7) Legality can be defined as compliance with legal obligations (p7) A moral manager is a business person in a position to make corporate decisions, who takes ethical duties into account when making a decision (p7) Csr was born from the desire of modern business to act morally and in congruence with legitimate wishes of its stakeholders (p8)