MGMT 3000 Lecture Notes - Lecture 3: Special Relationship, Kantianism, Due Process

• School: University of Georgia
• Department: Management
• Course: MGMT 3000
• Professor: charleswaynelyons

Document Summary

Utilitarianism: the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good, or utility, for the greatest number of people. Kantianism: an ethical philosophy holding that motives and universal rules are important aspects in judging what is right or wrong: act only on rules that you would be willing to see everyone follow. Fiduciary: special relationship in which a person who is entrusted with property, information, or power to act on behalf of a beneficiary: highest level of duty owed. Virtue ethics: an ethical philosophy claiming that morality"s primary function is to develop virtuous character. Distributive justice: deals with the distribution of wealth and prosperity among members of a society. Procedural justice: claims that rules should be clearly stated, consistently obeyed, and impartially enforced. Conflicts of interest: conflicts that occur when employees or managers engage in activities on behalf of the company and have a personal interest in the outcome of those activities.