MGM102H5 Midterm: Test 2 Notes
Document Summary
In the global economy, resources, markets, and competition are worldwide in scope: describe globalization. Polycentric attitudes assume locals know the best way to manage in their own countries: define geocentric attitudes. Geocentric attitudes value talent and best practices from all over the worlds. Instrumental values are preferences regarding the means for accomplishing desired ends: describe the utilitarian view. In the utilitarian view, ethical behaviour delivers the greatest good to the majority: describe the individualism view. In the individualism view, ethical behaviour is based on the belief of advancing one s long-term self-interests: describe the moral-rights view. In the moral-rights view, ethical behaviour respects and protects fundamental rights: describe the justice view. Cultural relativism suggests there is no one right way to behave; ethical behaviour is determined by its cultural context. Universalism suggests that ethical standards and core values are universal and cross- cultural: describe ethical imperialism.
