Managerial Philosophy #1

Answer the following questions using the contents from the uploaded lecture slides. If you cannot find answers, you can google online. A. The MGMT text defines ethics as “the set of moral principles or values that defines right and wrong for a person or group.” Your task is to find three different definitions of ethics from three different academic sources (use EBSCOHOST, peer reviewed articles, WSJ, etc). Quote those three definitions here and make certain to give the APA citation of your source. Note: whenever you cite your sources, you will use a Reference page at the end of the assignment. 1. 2. 3. B. When faced with a dilemma, managers need to think about who is affected by their decisions. True ethical dilemmas are tradeoffs among those who are affected by the consequences of decisions. Seldom is a decision right vs. wrong. More often, the decision is right vs. right. Over time, different philosophers have thought about the moral implications of ethical decisions. When you study their thinking, you will find that each focuses on a different priority. Your assignment is to find, record, and cite the definitions of twoclassical theories of ethics: 1. Utilitarianism: 2. Categorical Imperative: C. Values are derived from ethical theories (world views). For example, the ethical theory of reciprocity (sometimes called the Golden Rule) implies the value of giving every person the right to just treatment. Your task is to identify the underlying values in the two theories mentioned in B. 1. Utilitarianism: a) b) 2. Categorical Imperative a) b) D. As a way to test your ability to identify underlying values, write a short essay that critiques the decisions you made in the first case study “International Steel Group.” What were the underlying values you used (consciously or not) on how you would motivate the employees.