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Chapter 3

Chapter 3

2 Pages

Global Management Studies
Course Code
GMS 200
Sui Sui

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Chapter 3 What is ethical behaviour? Ethics sets standards of good or bad, or right or wrong, in ones conduct Ethical behaviour is right or good in the context of a governing morale code Laws, values, and ethical behaviour - values broad beliefs about what is appropriate behaviour; ethical questions extend to personal values - Terminal values vs. Instrumental values * Terminal values preferences about desired and end states * Instrumental values preferences regarding the means to desired ends Alternative views of ethics - four views of ethical behaviour: 1. Utilitarian view ethical behaviour delivers the greatest good to the majority 2. Individualism view ethical behaviour advances long-term self-interests 3. Moral-rights view ethical behaviour respects and protects fundamental rights 4. Justice view (3 types) ethical behaviour treats people impartially and fairly i) Procedural justice concerned tha
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