ADMS 3960 Midterm: IB Midterm Notes[1].docx

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3 levels of moral development: preconventional know what is right and wrong, but don"t know why, conventional learnt role-conformity (from peers & societal laws, postconventional internalize moral behaviour, truly believe behaviour is right. Ethical behaviour can help in achieving 2 possible objectives: develop competitive advantages. It foster trust, encourages commitment, contributes to strategic & financial success: avoid being perceived as irresponsible. More nongovernmental organizations (ngos) are becoming active in monitoring & publicizing international corporate practices e. g. ranking companies in different industry sectors according to their wastes management. Relativism ethical truths depend on the groups holding them. You adapt to local customs out of respect for them. Normativism there are universal standards of behaviour that all cultures should follow. Ethical dilemmas = balance between the actions we take & the consequences of our actions on ethical behaviour. * law vary from country to country, which creates a problem for extraterritoriality.

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