Ethics and Social Responsability

Ethics and Social Responsability

1. Ethics

   • Principles and values that governs the behaviors of a person or group
     • Right
     • Wrong
   • Choices
   • Ethical dilemma
     • Negative consequences

2. Managers

   • Ethical
     • Seek to serve everyone
   • Unethical
     • Seek to serve their own needs and interests

3. Utilitarian approach

   • Ethical choice is the greater good

4. Sustainability

   • Economic development that generates money

5. Individualism approach

   • Promote the long-term interests of individuals

6. Moral rights approach

   • The rights and freedoms can not be eliminated from the individual

7. Virtue ethics approach

   • Personal virtues

8. Justice approach

   • Decisions based on equity standards

9. Practical approach

   • Making decisions taking interests of stakeholders

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