ADM 1301 Chapter Notes - Chapter 7: Walmart, Organizational Culture, Categorical Imperative

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Business ethics: the study of business situations, activities, and decisions where issues of right and wrong are addressed. Individual morals: national and ethnic cultures, government legislation and regulation, religion, education, media, associations, corporate missions, visions and value statements. Branches of business ethics: descriptive ethics involves describing, characterizing and studying morality, what is , normative ethics involves supplying and justifying moral systems, what should be . Ethical dilemmas: situations where a decision must be made between two equally valid but mutually exclusive courses of action. Josephson"s bell, book, candle approach: listen for the bells warning you of an ethical decision (the bell"), check to see if there are any laws, regulations or rules which restrict your choices (the. Book"); and: how will your decision look in the light could a reasonable, fair-minded person conclude you acted improperly? (the candle) Does the decision cause the decision-maker to reflect on personal morals, values, duties, goals, norms, and beliefs.

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