BUS-294 Chapter Notes - Chapter 4: Situational Ethics, Consequentialism, Act Utilitarianism
8 Oct 2020
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Wph process of ethical decision making- 3 step approach to avoid costs of unethical business decisions. Who (stakeholders)- many groups of people affected by the firm"s decisions. Future generations (go beyond the obvious and think of long run) Purpose (values)- positive abstractions that capture our sense of what is good or desirable, underlying. Values represent our understanding of the purposes we will fulfill. Freedom, security, justice, and efficiency they push and pull our decisions. How (guidelines)- guideline that provides the path to ethical conduct. Golden rule- interact with people in the manner you would like them to interact with you. Be aware of other people"s rights and needs. Do as god wants you to do. Public disclosure test- we tend to care what people think about us so think about if your actions were visible to everyone. Television test imagine actions broadcasted on television. Reminds us we live in a community.
