ADMS 3660 Chapter Notes - Chapter 7: Ophanim, Inq Mobile, Belp
Document Summary
3 approaches to ethical decision-making: (1) conventional approach (2) principles approach (3) ethical tests approach. Based on the idea that managers may desire to anchor their decisions on a more solid foundation than the conventional approach. A principle of business ethics is a concept, guideline, or rule that if applied when facing ethical dilemma, will assist in making and ethical decision. Utilitarianism asserts that we should always act so as to produce the greatest ratio of good to evil for everyone [one should take that course of action that represents the. Problem with it: it ignores actions that may be inherently wrong, and may come into conflict with the idea of justice. Principle of rights: rights cant simply be overridden by utility. Right can be overridden only by another, more basic or important right. Expresses morality from the individual or groups of individual"s point of view (utilitarianism: group or society as whole).