ADM 1301 Chapter Notes - Chapter 5: Business Ethics, Capitalism
19 Nov 2012
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Chapter 5: ethics of business: the theoretical basis. Ethics has always been a concern for society, and businesses are no different. Business ethics is difficult to define, as it is apparently means different things to different managers. 5. 2 assessment of ethical implications in business decisions. The three levels of assessing ethical implications are: awareness, assessment based upon influences, and assessment based upon ethical principles. Managers with a moral approach to us thanks disregard all moral responsibilities when making decisions. In order to assess ethical implications there must be an awareness of ethics. In level 3 a conscious effort is made to identify and analyze the distribution of benefits and harms to all stakeholders affected. These influences on ethical standards affect the decisions of managers and how they view moral dilemmas.
