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Chapter 1

ADM 1101 Chapter Notes - Chapter 1: Deontological Ethics, Virtue Ethics, Canadian Business


Department
Administration
Course Code
ADM 1101
Professor
Kevin Petit- Frere
Chapter
1

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ADM 1101 - Chapter 1
Social Context of Business
25/10/2016
Important Definitions From The Chapter:
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.
The Complexity of Business and Society
The Canadian business system is comprised of many groups and institutions that
interact in society, such as the government, labour unions, environmentalists,
consumers, media, business organizations, ect.
All of these parties play an important role in society and can in some way influence
the decisions made by businesses.
When differences in perceptions of businesses arise, solutions are not always simple
and straightforward. The resolution of the issues tend to be optimum for all the
parties involved.
Solutions involve tradeoffs: What one group might consider an effective
solution, another group might see it as satisfactory.
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Ideas of corporations have shifted responsibility to where society believes that
corporations should be responsible for not only their profitability, but for the overall
good they attribute to society and the environment.
Integrity in Business
Integrity: Refers to the appropriateness of a corporation’s behaviours, and its
adherence to moral guidelines acceptable to society such as honesty, fairness, and
justice.
Business leaders must manage their businesses and behave in a way that consists
with their own values and ethical beliefs.
The behavior does not need to be perfect, but effort towards what is ethical and right
must be taken seriously.
Ethics can apply to business the same way it can be applied to any other institution in
society.
The appropriateness of a behavior can be examined in terms of the implications it has
on the relevant stakeholders, and can be assessed by examining the allocation of
harms and benefits.
Integrity in business is the result of a responsible corporation, one who understands
and responds to social, ethical, and environmental responsibilities as well as their
economic obligations.
The Main Approaches To Ethical Thinking
Deontological Ethics
Actions are considered to be ethical if they are made for sake of what is good
without regard for the consequences of the act.
The act of doing the right thing even though the consequences of another
might be more preferable.
Example: You’ve just finished shopping and you have realized that you took an
extra shirt that you didn’t pay for. Bringing the shirt back even though nobody
noticed would be an example of deontological ethics because it is doing the
right thing.
Teleological Ethics
Focuses on the outcomes or results of actions.
Making decisions based on whether the outcome of that decision is positive or
negative.
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