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Ethical decisions are complex Organizational context brings Ethics evolve over time
additional pressures
Making ethical choices often requires extra Not all situations have a clear right or wrong Awareness, preparation, judgment
steps and consideration. action. (motivation, integrity)
Simple tests (smell, tell mom, newspaper) Influences relation between moral judgment
Conflicting values (child labor, payday loans) and action
e.g., "the irrefutable logic of results”
1. 1 9 9 1 - $ 5 0 0 , 0 0 0
Ethic a l re la tiv ism is the v ie w tha t Ar g ume nts fo r e thic a l re la tiv ism Ar g ume nts a g a inst e thic a l rela tiv ism
mo r a lity dif fe r s a c ro ss c ulture s a nd
indiv idua l
Appeals to cultural differences and moral Leads to moral nihilism, makes reforming bad
There are no universal moral standards, morals are disagreements between societies practices difficult
relative to cultural or individual belief
• The Talmud has over 613 commands – 100+ concern business and
economics
• U.S. Founding Fathers
• Alan Greenspan – not more greed, more opportunity to express greed
• Erika Cheung and Theranos
• American Airlines and Gerard Arpey
Myth #5 Ethics can be
Managed through Laws and
Codes
• T h e F Ir st G e n e r a t i o n P ro b l e m
• P e r so n s a re m o re a g i l e a n d m a l e a b l e
than laws