MGMT 1040 Chapter Notes -Pareto Efficiency, Friendly Society, Mattel
18 Mar 2014
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Document Summary
The ethics of management hosmer 7 th edition. Chapter 1: accounts of corporate wrong-doing have always been with us, ex. Recognize that moral problems in business are complex and difficult to resolve mixture of rights exercised and rights denied. Moral standards differ between people; must be objective rather than subjective moral standards depend upon personal goals, norms, beliefs, and values. Not enough for manager to reach a decision that is fair and proper balance of benefits and harms; they must be able to convincingly explain why the decision is best. This is based on (a) determining economic outcomes, (b) considering legal requirements, (c) evaluating ethical duties: the 7 elements needed to make a convincing (objective) decision will be looked in detail. Personal goals goals are our expectations of outcomes. They are things we want out of life and expect others want out of life as well. Include material possessions (cars), lifestyle preferences (money) personal goods (health), and social aims (equality).
