MGMT 340- Final Exam Guide - Comprehensive Notes for the exam ( 86 pages long!)
Document Summary
Rather than answering the question of why people do things in certain ways, it answers the question what should i do? : business ethics is about making decisions. Business ethics: collective values of an organization used in determining whether the collective behaviors of the group are appropriate and acceptable. Individual ethics: values of an individual in determining whether a behavior or behaviors are appropriate and acceptable. Why ethics: our behavior and attitudes to our working life are shaped by either our moral reasoning or our moral assumptions, moral reasoning might be defined as ethics, moral assumptions might be defined as internalized values. What are values: principles or standards of behavior that cause us to chose one course of action over another, our understanding of what is good in life, and by contrast, what is bad. Values are created by social forces: parents, community, friendships, religion/spirituality/ideology, education, experience.
