Ethics
Manner by which one tries to live one’s life according to a standard of right or wrong behavior.
Ethics
Do unto others as you would have them do unto you
Golden Rule
Documentation of what is happening.
Descriptive
Factors that influence ethics.
Upbringing, religion, social traditions and beliefs
Ethical choices that offer the greatest good for the greatest number of people.
Utilitarianism
Recommendation of what should happen
Normative
Structured community of people bound together by similar traditions and customs.
Society
Concept that the traditions of one’s society, one’s personal opinions, and the circumstances of the present moment define one’s ethical principles
Ethical Relativism
They need
•Growth in the value of company stock.
•Dividend income.
Shareholders
Sources of beliefs
Family and friends, Ethnic background, Religion, School, Media.
Situation in which there is no obvious right or wrong decision, but rather a right or right answer.
Ethical Dilemma
Unethical behavior by organization will result in their loss of and not enough money to pay severance packages or meet pension obligations.
Employees
Quality by which the pursuit of one value is a good way to reach another value.
Instrumental values
Individuals should rely on their personal insights, feelings, and instincts when facing a difficult problem.
Sleep-test Ethics
Serves as:
A message to the organization's stakeholders.
An internal document.
Code of ethics