In reading table 1-4‚ The Magnificent Seven: General Moral Principles for Managers‚ a genuinely popular animated cartoon series came to mind‚ “Justice League”. The series presented distinct superheroes acquiring unique capabilities contributing towards resolving problems while protecting humanity. Similarly‚ managers possessing the seven magnificent characteristics makes them superheroes within their organization. Whole Foods has created superheroes in their organization. These heroes may acquire
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Part I: Kitchener (1984) identified five moral principles that are viewed as the cornerstone of our ethical guidelines. The five principles‚ autonomy‚ justice‚ beneficence‚ nonmaleficence‚ and fidelity. 1. Autonomy is the principle that addresses the concept of independence. The essence of this principle is allowing an individual the freedom of choice and action. It addresses the responsibility of the counselor to encourage clients‚ when appropriate‚ to make their own decisions and to act on
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How did events leading up to the Great Recession illustrate the significance of the Moral Hazard and/or the Principal-Agent problem? Give an example from a news article to illustrate. What could be done to minimize such problems? Answer. We referred to the article given at http://www.cato.org/policy-report/januaryfebruary-2010/perfect-storm-ignorance The root cause of everything that led to the great recession of 2008 can be traced to the Sub-prime Loan crisis. The riskier loans were exposed
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Confucian Virtues on Chinese Moral Standard In China‚ “Hyo” is a traditional moral behavior since ancient China. In Chinese‚ “Hyo” means filial piety‚ a virtue of respect to parents and ancestors. This kind of virtue is not only praised highly in ancient China‚ it is also one of the most important virtues affecting modern Chinese nowadays. “Hyo” is the first virtue of the eight main virtues in Confucianism. These eight virtues include: Hyo‚ Ti‚ Zhong‚ Xin‚ Li‚ Yi‚ Lian‚ Chi. These morals of Confucianism
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what to do. Every action‚ every single thing we say must first go through our head and we need to decide as a body if its applicable to our very situation and what causes and effects in will have on our lives and in our future. This idea of "the principle of utility" is a piece of our making that gives an outlook of what is meant by our actions. "I say of every action whatsoever; and therefore not only of every action of a private individual‚ but of every measure of government." He talks about happiness
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DIFFERENCES BETWEEN ETHICS AND MORALS Ethics and morals relate to “right” and “wrong” conduct. While they are sometimes used interchangeably‚ they are different: ethics refer to rules provided by an external source‚ e.g.‚ codes of conduct in workplaces or principles in religions. Morals refer to an individual’s own principles regarding right and wrong. Comparison chart ETHICS MORALS What
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What is moral virtue? Although‚ due to infinite opinions it may be difficult to answer‚ Aristotle offers us insight into the common thread of all morality. He says that every art‚ every science‚ every action has a goal‚ an end that is aspired to. This end is always good. “The end of medical science is health; the end of military science‚ victory; of economic science‚ wealth.”(Aristotle‚ 22) Everything that we‚ as humans‚ decide to do is for the good of something. Now when we ask the question‚ “What
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12/10/2009 The Inconsistency of the Mass Media with Moral Principles | | Mediated Communications | Final Paper | In today’s society there are many mass media practices that I feel are inconsistent with moral principles. Forms including internet pop-ups‚ junk emails‚ and television news are just three of the many ways that the mass media is inconsistent with moral principles. Even though we‚ as a society‚ face this issue every day‚ there is one way to bypass it. That method is to be
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A moral value is a universally accepted ethical principle that governs the day to day living of life. These principles are important in maintaining unity‚ harmony and honour between people. Moral values are usually communal and shared by the public in general‚ thus if there is no agreement among community members no moral values will be established. Moral values define the principles and standards which determine the extent to which human action or conduct is right or wrong. They encompass a wide
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Moral Objectivism and Moral Relativism Today there are many people that stand by moral relativism‚ which claims that moral values are not objective. The liberal mindset of accepting other cultures and values leads some people to select moral relativism over moral objectivism‚ which claims that moral values are objective. Moral relativism is problematic in that it allows one to validly select any moral argument‚ and ultimately subverts the primary goal of ethics. Moral values are objective‚ and
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