RSM100Y1 Chapter Notes - Chapter 3: Triple Bottom Line, Niche Market, People Skills
Document Summary
ethical behaviour conforms to individual beliefs and social norms about what are r ight. business ethics refers to the behaviour of employees of an organization. Problem: individual ethics differ, thus laws must be made. I t is the ambiguity of certain cases that motivate people to take advantage of ethics. Jeitinho get the job done , by whatever means necessary. Deontology ethics depends on the duty, rights, and justice involved. The duty involves vows and responsibilities, while right involves the freedom of association. Vi rtue ethical if an act parallels the virtues expected by stakeholders (societal norms, owners, employees, members, community, institutions) Consequentialism ethical decisions must have good consequences. International practices (in some countries, it"s customary to receive bribes) The 3-step model to distinguish unethical behaviour: gather the relevant factual information, determine most appropriate moral values, make an ethical judgment based on the r ightness/wrongness of the activity.
