MGSC14H3 Study Guide - Midterm Guide: Procedural Justice, Justice As Fairness, Distributive Justice
3 Nov 2011
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Defn: discipline dealing with good and bad with morals. Morality: beliefs of man, ideals, rights, motives, and wrong. Corporations: make goods and services, roi to shareholders, improve society, provide jobs, pay tax, support society and environment. Environment, fairness, poor judgement, stakeholder activism, economic pressure, greed, transparency, laws. Change form profit-only mandate to csr, legal liability to directors, employee empowerment, manage risk and protect reputation. Aristotle: goal of life is happiness and happiness is achieved by leading a virtuous life in accommodating with reason. Immanuel kant: ethical when people are not used opportunistically. John stuart mill: max happiness or min pain; same as society. John rawls: fair distribution of rights and benefits, inequalities, should be to everyone"s advantage. 3 basic philosophical approaches to ethical decision making. Deontology: depends on duty, rights, and justice involved. Virtue ethics: if it demonstrates the virtues expected by stakeholders and participants.
