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This is a 3 page paper that provides an overview of ethics in management. Deontological, consequentialist, and Aristotelian ethics are examined. Bibliography lists 2 sources.
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3 pages (~225 words per page)
File: KW60_KFeth003.doc
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in his or her own life. In the increasingly globalized corporate world of the 21st century, even corporations are being held to higher ethical standards, thus increasing the need for
ethical education among management and leadership. This paragraph helps the student examine ethics in management. In order for ethics to be meaningful to management, it is necessary to understand
the different bodies of ethical study that are prevalent. The facet of ethical study most relevant to management is known as "normative ethics", which concerns itself with "moral standards that
regulate right and wrong conduct" (Fieser, 2009). In a sense, it is an inherently virtue or trait-based understanding of ethics as it deals with "the good habits we should acquire,
the duties that we should follow, and the consequences of our behavior on others" - all important lessons for management seeking to adopt ethical standards within an organization (Fieser, 2009).
Having adopted a framework of normative ethics, it can be beneficial to study a number of specific ethical theories that could be applied to management. The first is consequentialism,
the most popular expression of which is Mills utilitarianism (Brown, 2011). Under consequentialist ethics, an action is considered ethical based on an evaluation of the consequences of the action: if
it promotes a positive consequence of maximizing happiness for the most people, then the action can be said to be ethical (Brown, 2011). In an organizational context, a manager might
apply utilitarian ethics in opting to take a personal pay-cut to justify increasing the wages of the workers that support and sustain the organization; while he or she may be
unhappy to take a reduction in pay, it will increase the happiness of a much larger body of individuals: the workers. Thusly, the action would be considered ethical. Another
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