Management and Organizational Studies 4467A/B Chapter Notes - Chapter 1: Corporate Social Responsibility, Deontological Ethics, Virtue Ethics

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 4467A/B
• Professor: Michelle Loveland

Document Summary

Chapter 1 the relationship between business and society. Integrity the appropriateness of a corporations" behaviour and its adherence to moral guidelines acceptable to society such as honesty, fairness, and justice. Main approach to ethical thinking: deontological ethics, also known as rule-based, actions are done ethical if done for the sake of what is good without regard for the consequences of the act. Individuals make decisions based on the consequences of the actions: virtue ethics, based on the character of an individual, everyone has different virtues. If you have good traits, decisions will be ethical. Incorporation was traditionally granted by the sovereign (i. e. the crown: first granted to nobility (a social class ranked just below the crown, the concession doctrine. Incorporation was granted by the sovereign: the doctrine of freedom, the associate of individuals coming together for some purpose. Incorporation is a right not a privilege (unlike the doctrine of freedom)