presents ETHICAL THEORIES SLIDE 1 – INTRODUCTORY SLIDE Ethical theories provide part of the decision-making foundation for Decision Making When Ethics Are In Play because these theories represent the viewpoints from which individuals seek guidance as they make decisions. Each theory emphasizes different points – a different decision-making style or a decision rule—such as predicting the outcome and following one’s duties to others in order to reach what the individual considers an ethically correct
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What is Ethics Is the set of beliefs about right and wrong behavior. It is certainly a subject that is used in discussions about how we should live‚ what is right and wrong and what we mean when we use words like right and wrong‚ good and bad. Ethical Behavior – conforms to the generally accepted social norms‚ many of which are almost universal. A persons opinion of what represents an ethical behavior is strongly influenced by a combination of: 1. Family influences
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References: Trevino‚ L.K.‚ & Nelson‚ K.A. (2011). Managing business ethics: Straight talk about how to do it right (5th ed.). Hoboken‚ NJ: Wiley.
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Reason why people give up on ethics Self-interest sometimes morphs into greed and selfishness‚ which is unchecked self-interest at the expense of someone else. This greed becomes a kind of accumulation fever. “If you accumulate for the sake of accumulation‚ accumulation becomes the end‚ and if accumulation is the end‚ there’s no place to stop‚” he said. The focus shifts from the long-term to the short-term‚ with a big emphasis on profit maximization. For example‚ swaps (where two communication
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to right and wrong behavior‚ ethics are recognized rules of conduct in regards to a specific action or a particular group of people. In short‚ ethics come from an external social structure whereas morals come from within – a person’s own perceptions of right and wrong regardless of what society’s rules say. The three primary schools of ethics that can be used in discussing ethical problems and dilemmas are care-based ethics‚ rule-based ethics‚ and end-based ethics. In the case of ethical dilemma
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A Framework for Understanding Organizational Ethics O.C. Ferrell‚ Professor‚ Colorado State University Organizational ethics is one of the most important‚ yet perhaps one of the most overlooked and misunderstood concepts in corporate America and schools of business. Organizational ethics initiatives have not been effectively implemented by many corporations‚ and there is still much debate concerning the usefulness of such initiatives in preventing ethical and legal misconduct. Simultaneously
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Ethics MGT/498 September 26‚ 2013 Ethics In business there will always be the line to act with integrity or to lie‚ cheat‚ and steal. Famous author Douglas Adams once said‚ “To give real service you must add something which cannot be bought or measured with money‚ and that is sincerity and integrity” (Heathfield‚ n.d). The priority of any business is to serve the needs and wants of the customer and more important his or her stakeholders. Any business decision made in major corporations must
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Articles on Ethics by Dr. Shiv Gupta Submitted to Dr. Shiv K. Gupta by Ritu Malhotra In partial fulfillment of course requirement for MBA 630 (51) Marketing Management & Planning The University of Findlay 09-03-2013 Summary of the article: Dr. Shiv Gupta’s article published on The Wall Street Journal‚ dated March 8th 2004 highlights
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Utilitarianism‚ Kantian Ethics‚ Natural Rights Theories‚ and Religious Ethics A “utilitarian” argument‚ in the strict sense‚ is one what alleges that we ought to do something because it will produce more total happiness than doing anything else would. Act utilitarianism (AU) is the moral theory that holds that the morally right action‚ the act that we have a moral duty to do‚ is the one that will (probably) maximize “utility” (happiness‚ welfare‚ well-being). AU is not to be confused with egoism
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An Ethical Dilemma Introduction An ethical dilemma exists when the right thing to do is not clear or when members of the health care team cannot agree on the right thing to do (Potter‚ Perry‚ Stockert‚ & Hall‚ 2011). S.Z. is a 65-year-old Hispanic man who was admitted to the hospital for the third time in 6 months‚ for hyperglycemia. He is now scheduled to be discharged but his daughter pleads with the nurse that she does not want her father discharged because he is non-complaint with
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