ADM 1301 Lecture Notes - Lecture 6: Relativism, Deontological Ethics, Categorical Imperative

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Rules, standards, codes or principals which provide guidelines for morally righ behaviour and truthfulness in specific situations . Basically the dos and don ts of how to conduct business. The application to business activity of ethics, the study of morals or principles of what is right or wrong in human behaviour (edmund marshall, business and. Society , routledge, 1993: concerned with the beliefs that determine what is acceptable (and what is not) in business (wheelen, hunger and, wicks, concepts in strategic management , canadian edition, pearson prentice. Hall, 2005: applies a group s standards of right and wrong to the decisions and actions of business organizations, managers, and employees (marian burk wood, Business ethics in uncertain times , prentice hall, 2004) Common themes emerging from definitions of business ethics. Right and wrong: based on law, sets standard on what is right and wrong. Moral standards: holistic standards, the company performance is set against these standards.

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