Business ethics — definition?
Study of right and wrong in business decisions.
Dimensions of business ethics?
People, planet, profit, future generations.
Ethical dilemma — meaning?
A situation with conflicting moral choices.
Manager Personality Model — components?
Id, Ego, Superego.
Defense mechanisms — purpose?
Protect from psychological distress or guilt.
Cognitive dissonance — mechanism?
Conflict between beliefs and actions.
Key philosopher — Machiavelli?
Emphasized power and ends justify means.
Hobbes — view of humans?
Selfish, need strong authority.
Locke — key idea?
Natural rights and tabula rasa.
Rousseau — belief about humans?
Innately good, corrupted by society.
Socrates — contribution?
Moral self-reflection and inquiry.
Plato — focus?
Justice and virtues.
Universal moral rules — origin?
From religious ethics, divine authority.
Modern ethics — emphasis?
Individualism and rational thinking.
Shift of values — from?
Universal, religion-based to subjective, individual.
Stakeholders — definition?
People affected by organizational decisions.
Ethical dilemma — key feature?
No perfect or universally right choice.
Id — role?
Instinctual drives seeking immediate pleasure.
Ego — function?
Balances impulses with reality.
Superego — role?
Internal moral standards and ideals.
Answer 10 questions on Foundations of Business Ethics and Moral Decision-Making.
1. How should a manager apply the concept of business ethics when making a decision about a new supplier?
2. Which features are considered key components of the Business Ethics Dimensions as described in the source?
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