MGT 323 Lecture Notes - Lecture 2: Eval, Social Business, Bounded Rationality
Document Summary
How can we maintain high standards of ethical conduct. Donate to charity, fair trade, recycled materials/products. Apple: duty is to our employees & shareholders, so we"re not spending money on stuff like recycled materials or donations. -that was the extent of their social responsibility. Terminal values- preference about desired end states. Views differ on what constitutes moral behavior. Ex: chinese don"t put value on life. Verbal, sexual, racial, misuse of company property, preferential treatment. Individualism- i"ll do anything as long as i benefit. Procedural- fair application of policies & rules. Moral- maintain fundamental rights of human beings characteristics education . Cultural context determines what is ethical behavior. Ethical imperialism- attempt to impose one"s ethical standards on other cultures. Cultural relativism- no culture"s ethics are superior. Terminal values preferences about desired end states. Instrumental values the means one is willing to use to accomplish desired ends.
