MGT 3211 Lecture Notes - Lecture 2: Ethical Egoism, Kantian Ethics, Psychological Egoism
Document Summary
Morality: concerned with social practices defining right and wrong. Ethical theory: moves from a general ethical principle to a specific ethical judgement/conclusion. Prudence: rules of action that have a person"s self-interest in mind. People are more concerned about actions than motivation. Just because it is legal, does not mean it is moral. Not reliable, varies different from person to person, and can change throughout a person"s life experiences. Commonly used to treat specific moral problems such as fairness in contracts, conflicts of interest, environmental pollution, mistreatment of animals, and racial or sexual discrimination. Utilitarian: there is a single fundamental principle determining the right action. An action is morally right if and only if it produces at least as great a balance of value over disvalue as any available alternative action. Maximize the good and minimize the bad. Act: all situations, one ought to act to the greater good for the most.
