Unit 1 Flashcards
Significance of ethics to self:
Phineas Gage lesson:
Ethical behavior is deeply emotional
Moral reasoning:
Process by which human behaviors, institutions, or policies are judged to be consistent with moral standards
Components of Moral Reasoning:
- Understanding of moral standards
- Evidence about the judged person
- Conclusion that the behavior is prohibited
What must moral reasoning must be?
Must be logical and accurate
Steps to Ethical Behavior:
- Recognize that we are faced with an ethical situation
- We made a judgment as to the most ethical course of action
- Form an intention or decision row do what is right
- Carry out the act on the intention
Ethical Climate:
Beliefs an organization’s members have about how they are expected to behave
Belief Culture:
Kind of behavior an organization encourages or discourages
Locus of Control
Beliefs about your control of your life tend to be supported by your actions (tend to have more control over behavior)
Milgram Experiments:
Tended to criticize victims
Many reported shame
Had to “shock” actor in the other room
Self-serving bias:
Tend to resist the idea that we might engage in unethical behavior
Moral Responsibility
- Identification
- Determining Moral responsibility
- Unburdens those not responsible
- Prohibits or stops rationalization of wrongdoing
When is a person morally responsible?
- Cause or fail to prevent (commissions or omissions)
- Knowing Actions
- Free Will
Mitigating factors
- Make the rightfulness
Challenges in business ethics :
Systemic: Challenges in the legal, economic and political systems
Corporate: Challenges relating to the structure, policies & practices
Individual: Challenge in the morality of a person’s character
Shareholder theory (Friedman)
Main objective is to make money/profit
Stakeholder theory:
View of capitalism that stresses the interconnected relationships between a business and its customers
