Exam 1 Flashcards
Divine Command Theory
Resolution of dilemmas is based upon religious beliefs
Natural Law
There are certain rights and conduct controlled by God, and no matter what a society or government does, those rights and law remain supreme
Ethical Egoism Theory
Egoists believe they should should make decisions that maximize their own self interest.
Utilitarian Theory
Defines right or acceptable behavior as that which provides the greatest good to the greatest number of people. Have to do a cost/benefit analysis which compares all alternatives before choosing the one that is best.
Trolley Problem
Utilitarians would favor whatever option in which the greater number of lives are saved.
Categorical Imperative
Individuals should evaluate their actions in light of the consequences that would follow if everyone in society acted the same way
Contractarians and Justice
Veil of ignorance. What rules would you impose if you had no idea whether you would be a prince or a pauper
Rights Theory
Everyone has a set of rights and the government is obligated to protect those rights
Moral Relativists
Definitions of ethical behavior are derived subjectively from the experiences of individuals and groups
Virtue Ethics
An acquired set of virtues is used to make decisions
Peter Drucker
Above all do no harm
Laura Nash 12 Questions
Have you defined the problem accurately, how would you define the problem if you stood on the other side of the fence, how did this situation occur in the first place, to whom and what do you give your loyalties as a person and as a member of an organization, what is your intention in making the decision, how does this intention compare with the likely results, whom could your decision injure, can you engage the affected parties in a discussion of the problem before you make your decision, are you confident that your position will be as valid over a long period of time, could you disclose without qualm your decision to people, what is the symbolic potential of you action if understood or misunderstood, under what condition would you allow exceptions to your stand?
Dr. Norman Vincent Peale and Kenneth Blanchard
Is it legal? Is it balanced? How does it make me feel?
Warren Buffett
Contemplating any business act an employee should ask himself whether he would be willing to see it immediately described by an informed and critical reporter on the front page of the local paper
The Wall Street Journal Model
Am I in compliance with the Law? What contribution does this choice of action make to the company, shareholders, community and others? What are the short and long term consequences?