ADM 1101 Chapter Notes - Chapter 1: Deontological Ethics, Virtue Ethics, Canadian Business
25 Oct 2016
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Integrity: the appropriateness of a corporation"s behavior and its adherence to moral guidelines acceptable to society such as honesty, fairness, and justice. Responsible corporation: a business undertaking that responds to ethical, social, and environmental responsibilities in addition to its economic obligations. Deontological ethics: an approach to ethics that determines goodness or rightness from examining the acts, rather than from the consequences of the acts. Teleological ethics: an approach to ethics that focuses on the outcomes, or results of an action. Virtue ethics: an approach to ethics that emphasizes the individual"s character or identity. Legitimacy: the belief in the rightness of an institution, in this case the appropriateness of our business system to supply the goods and services wanted by canadian citizens. Social license: the privilege of operating with minimal formalized restrictions, that is, legislation, or regulation, or market requirements; based on maintaining public trust by doing what is acceptable to stakeholders in the business and society relationship.
