03 Handout 3 Flashcards
Principles that govern human’s right and wrong actions
Ethics
Good result of an action should outweigh
Utilitarian Principle
Action should respect and Protect
Right Principle
Equality should prevail
Fairness Principle
Action should contribute to the general welfare
Common Good principle
Consistent with certain ideal virtues
Virtue Principle
Reliable and Honest
Trust
Deeply Held Beliefs
Values
Display Honesty and Strong Moral Principles
Integrity
Accountability of a person to take ownership
Responsibility
By establishing and enforcing policies and practices
Creating an Ethical Environment
“Do as I say, not as I do”
Setting an Example
People are basically good
Best - Ratio Approach
Right is right, Wrong is wrong
Black and White Approach
Based on the Philosophy
Full potential Approach
Broad Cross - section
Full disclosure Model
Average or Middle point
Doctrine of the Mean Model
Do unto others as you would have
Golden Rule Model
Promote Profitablity
Market Ethics Model
Loyalty to the Organization
Organization Ethics Model
Freedom to behave
Equal freedom Model
Assumption that world is so complex
Proportionality Ethics Model
Principle of Peer view
Professional Ethics Model
Self interested and as a result of self protective
Self Interest and Self Protection
Who believe in Ethical Values (Honesty, Loyalty, Fairness)
Conflicting Values
Make decision that contradict their beliefs
Tangible or Intangible, Immediate or Deferred
People will sometimes choose unethical option
Making Ethics Tangible and Immediate
