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Ethics
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Code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong
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Three domains of human actions
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*domain of codified law (legal standard)
*domain of ethics (social standard)
*domain of free choice (personal standard)
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Management ethics
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Standards about good/bad
ethical issues can be complex
people in organizations have divergent views about right/ wrong
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Criteria for ethical decision making
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Utilitarian approach, individualism approach, moral rights approach, justice approach
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Utilitarian approach
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Moral behavior produces the greatest good for the greatest #
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Individualism approach
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Acts are moral if they promote the individual's long term interest
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Moral rights approach
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Humans have fundamental rights and liberties that cant be taken by an individual's decision
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Justice approach
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Moral decisions must be based on standards of equity, fairness, and impartiability
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6 moral rights considered during decision making
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Right of free consent, right to privacy, right of freedom of conscience, right of free speech, right to due process, right to life and safety
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3 levels of personal development
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1) preconventioanl
2) conventional
3)postconventional
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Preconventional
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Follows rules to avoid punishment. acts in own interest. obedience for its own sake.
(leadership-autocratic/coercive)
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Conventional
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Lives up to expectations of others. fulfills duties and obligations of social system. upholds law.s
(leadership-guiding/encouraging; team oriented)
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Postconventional
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Follows self-chosen principles of justice and right. aware that people hold different values and seeks creative solutions to ethical dilemmas. balances concern for individual with cocern for common good.
(leadership-servant leadership)
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Corporate social responsibility (CSR)
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Management's obligation to make choices and take actions that will contribute to the welface and interests of society as well as the organization
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Stakeholder
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Any group within or ouside the organization that has a stake in the organization's performance
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