5. Ethics and Social Responsibility.
¡á What is Managerial Ethics?
¢¹ Ethics is the code of moral principles and values that govern the behavior of a person or group with respect to what is right or wrong.
- Ethics deals with internal values that are a part of corporate culture and shapes decisions concerning social responsibility with respect to the external environment.
- Three domains of human action(Human behavior) (3)
¢´ Domain of Codified Law(Legal Standard)
¢´ Domain of Ethics(Social Standard)
¢´ Domain of Free Choice(Personal Standard).
¢¹ Ethical dilemma is a situation that arises when all alternative choices or behaviors have been deemed undesirable because of potentially negative consequences, making it difficult to distinguish right from wrong. (Moral agent - ethical decisionÀ» ÇØ¾ß ÇÏ´Â »ç¶÷)
¡á Criteria for Ethical Decision Making. (4)
¢¹ Utilitarian approach is the ethical concept that moral behaviors produce the greatest good for th¡¦(»ý·«)
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