GMS 802 Chapter Notes - Chapter 2: Lawrence Kohlberg

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 802
• Professor: Jian Guan

Document Summary

Chapter 2: a look at the sources of ethical. Problems in business and how to prevent them. While corruption and scandals are nothing new in the business world, the situation today is novel for the number of cases, the scale of the losses, and the involvement of so many high-profile firms. Managers improve the overall integrity of an organization and prevent ethical lapses by analyzing the factors that shape decision-making processes and the common pitfalls that lead to corporate impropriety. Ethics is the study of how people make good, defensible choices when they face situations that require some reflection on what is right to do: involves cases where there are conflicting values and principles. Since all companies are made up of people, it follows that companies, like individuals, make moral mistakes. Greed: excessive desire, especially for wealth or possessions. Self-interest: regard for one"s own interest or advantage, especially with disregard for others.