ADM 1301 Lecture : Chapter5.docx

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: Tim Ragan

Document Summary

Every business operation has the potential for ethical implications. The ethics of business: the rules, standards, codes, or principles that provide guidance for morally appropriate behaviour in managerial decision making relating to the operation of the corporation and business" relationship in society. Forms of justice: procedural, corrective, retributive, distributive. Three levels of ethical assessment: awareness of moral or ethical implications, ethical implications assessed upon individual and societal influences described as value judgments and moral standards, implications assessed upon use of ethical principles. Influences on ethical behaviour lead to ethical relativism, the belief that ethical answers depend on the situation and there are no universal standards/rules to guide or evaluate morality. Kohlberg"s stages of moral development: preventional level. What is right is determined by self interest. Stage 2-individual instrumental purpose and exchange orientation: conventional level. Stage 3-mutual interpersonal expectations, relationships, and conformity orientation. Stage 4- law and order orientation: post conventional level. Concepts of rights and justice determine what is right.