MGMT 1040 Study Guide - Moral Relativism, Business Ethics, Organizational Ethics
Document Summary
Business and organizational ethics: business ethics focuses on studying what is considered right and wrong, good/bad, and human conduct in general in a business context. What should an employee do when their superiors refuse to look into potential wrongdoing happening in the company: an organization is a group of people working together to achieve some sort of common purpose. This purpose may be for profit, such as in a business, but it can also be to provide a not- for-profit service such as health care. Moral standards take precedence over all other standards, including your self-interest. Our morals tell us not to rob our neighbor"s home, even though we could justify it on non-moral grounds by saying that it would give you lots of money or a thrill. The soundness of a moral standard depends on the reasons that support it. These reasons are not created by one specific person or group of people.
