ADMS 1000 Chapter Notes - Chapter 10: Social Identity Theory, Organizational Identification, Corporate Social Responsibility

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ADMS 1000 Full Course Notes
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ADMS 1000 Full Course Notes
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Ethics is the study of morality or moral judgements, standards and rules of conduct. The notion of business ethics has been considered as compromising the rules, standards, principles, or codes giving guidelines for morally right behaviours in certain contexts. Ethics the study of morality or moral judgements, standards, and rules of conduct. Business ethics the rules, standards, principles, r codes giving guidelines for morally right behaviour in certain contexts. Models for making ethical decisions: utilitarian or end-point ethics (john stuart mills) To determine if an action is right or wrong, one must examine the end result or likely consequence of an action: tangible economic outcomes (shareholder profit, intangible outcomes (happiness or friendship) Must achieve the greatest amount of good for the greatest number of people . Auto maker example: cost-benefit analysis: legal costs and damages due to lost lives in car accidents versus costs of car recalls with faulty parts.

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