MGMT 310 Lecture Notes - Lecture 3: Whistleblower, Distributive Justice, Corporate Social Responsibility
Document Summary
Ethics: the study of moral standards and their effect on behavior and conduct. Morality: the standards that people use to judge what is right or wrong, good or evil. 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 claiming that motives and universal rules are important aspects in judging what is right or wrong. Fiduciary: a person who is entrusted with property, information, or power to act on behalf of a beneficiary. Virtue ethics: a(cid:374) ethi(cid:272)al philosoph(cid:455) (cid:272)lai(cid:373)i(cid:374)g that (cid:373)oralit(cid:455)"s pri(cid:373)ar(cid:455) fu(cid:374)(cid:272)tio(cid:374) to de(cid:448)elop virtuous character. Purpose: financial gain or personal advancement or advancement of. Means: how leader went about achieving objectives: clear values or flexible pragmatism, empowering or exploiting people and processes. What was higher access to power and opportunity?: positive or negative unintended consequences, long-term or short-term horizon, tangible vs intangible.
