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Canada (161,740)
York University (12,820)
Management (143)
MGMT 1040 (37)


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MGMT 1040
William(bill) Woof

Ethics Notes (Gary Jhamb): Moral Issues in Business – Chapter 1 – Nature of Morality • Ethics: o Ethics (or moral philosophy) is a broad field of inquiry that addresses a fundamental query that all of us, at least from time to time, inevitably think about. The study for right and wrong. o Ethics deals with individual character and the moral rules that govern and limit our conduct. o Ethics investigates questions of right and wrong, fairness and unfairness, good and bad, duty and obligation, and justice and injustice, as well as moral responsibility and the values that should guide us. o An organization is a group of people working together to achieve a common purpose. • Moral Versus Non-Moral Standards: o Moral standards concern behaviour that is of serious consequence to human welfare that can profoundly injure or benefit people. o Moral standards take priority over other standards, including self-interest. o Moral standards soundness depends on the adequacy of the reasons that support or justify them. o Whether products are healthful or harmful, work conditions safe or dangerous, personnel procedures biased or fair, privacy respected or invaded are matter affecting well being. o Etiquette refers to the norms of correct conduct in polite society or, more generally, to any special code of special behaviour or courtesy (chew with mouth closed). Mainly referred to as manners, but at times are morally wrong. When blacks and whites were separated, following that was well mannered, but immoral (Morality and Etiquette). • Morality and Law: o There are 4 kinds of law: statues, regulations, common law and constitutional law. o Statues are laws enacted by legislative bodies. o Administrative regulations are boards or agencies setup by legislatures whose functions include issuing detailed regulations of certain kinds of conduct. o Common law refers to laws applied in the English speaking world when there were few statues. The massive body of legal principles that accumulated over the years is collectively referred to as common law. o Constitutional law refers to court rulings on the requirements of the constitution and the constitutionality of legislation (Canada’s constitution act of 1982). Courts don’t make laws, but can declare them invalid. Supreme Court has highest judiciary power. o Breaking the law is not always immoral.  An action can be illegal but morally right. Such as hiding a Jewish family from Nazis. The fact that something is illegal does not trump all other moral considerations.  An action that is legal can be morally wrong. A chairman of a profitable company lays off 125 workers and uses ¾ of the money saved to boost his and other managers pays. Although legal, morally wrong. o Laws codify a society’s customs, ideals, norms and moral values. Chcanges in law affects peoples view in what is right and what is wrong. • Professional Codes: o Somewhere between etiquette and law lie profe
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