Ethics in Management | Summary and Q&A

TL;DR

This video explores different approaches to ethical decision-making, including the utilitarian, individualism, moral rights, justice, and practical approaches.

Key Insights

• 🪡 Ethical decisions often involve conflicts between the needs of individuals and organizations or the wider society.
• ⚾ Normative strategies based on values and norms assist managers in making ethical decisions.
• 👋 The utilitarian approach prioritizes the greatest good for the greatest number.
• 👋 The individualism approach promotes actions that serve an individual's long-term best interests.
• 🗯️ The moral rights approach focuses on maintaining the fundamental rights of those affected by decisions.
• 👨‍⚖️ The justice approach emphasizes equity, fairness, and impartiality in decision-making.
• ❓ The practical approach bases decisions on prevailing professional or societal standards.

Transcript

most ethical dilemmas involve a conflict between the needs of the part and the whole the individual versus the organization or the organization versus society as a whole managers faced with these kinds of tough ethical choices often benefit from a normative strategy one based on norms and values to guide their decision-making normative ethics uses ... Read More

Questions & Answers

Q: What is the utilitarian approach to ethical decision-making?

The utilitarian approach prioritizes decisions that maximize benefits for the greatest number of people, aiming to produce the greatest good overall. For example, organizations may use this approach to monitor employee behaviors that affect the whole workplace.

Q: How does the individualism approach guide ethical decision-making?

The individualism approach suggests that actions are ethical if they promote an individual's long-term best interests. It aims to accommodate others by prioritizing honesty and integrity, as lying and cheating only lead to reciprocated unethical behavior.

Q: What is the basis of the moral rights approach to ethical decision-making?

The moral rights approach maintains that ethical decisions are those that best maintain the fundamental rights of those affected by them. This approach emphasizes avoiding interference with rights such as privacy, freedom of speech, and free consent.

Q: What are the three types of justice relevant to ethical decision-making?

The three types of justice are distributive justice (fair treatment without arbitrary discrimination), procedural justice (consistent and impartial enforcement of rules), and compensatory justice (holding responsible parties accountable for injuries and avoiding holding individuals responsible for matters out of their control).

Summary & Key Takeaways

• Ethical dilemmas involve conflicts between individual and organizational needs, with normative strategies based on values and norms being helpful for decision-making.

• The utilitarian approach emphasizes making decisions that produce the greatest good for the greatest number of people.

• The individualism approach suggests that ethical actions promote an individual's long-term best interests.

• The moral rights approach focuses on maintaining the fundamental rights of those affected by ethical decisions.