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Management Ethics Ethics, Diversity and Organizational Culture Age and Cultural Diversity can make Business Ethics stumble With MULTIPLE generations now in the workforce, many employers have embraced age and cultural diversity initiatives with an objective of creating create an all-inclusive workplace. However, cultural diversity can give rise to ethical issues that can be challenging for managers and employees to resolve. Religious Differences Gender Issues (more women in work force than ever before) Hiring Decisions General Business Practices Age differential As a group, please come up with one ethics-related situation that occurred since the last class. Share with the class the ethical conflict, action, and results. Chapter Three: Justice and Economic Distribution 5 Management Ethics Reflection Questions Chap 3 – Justice and Economic Distribution 1. What does the concept of justice mean to you? “Injustice anywhere is a threat to justice everywhere.” Martin Luther King Jr. MANAGEMENT ETHICS 5-1 What is Justice ? Moral principle that determines what is just, equitable, and morally right based on ethical, political, environmental, and religious beliefs and values. -- guided by truth, reason, and fairness -- Promoting welfare, virtue, and freedom Keeping intact the foundations of our democracy including upholding the law Securing natural rights According to Merriam Webster dictionary -- Justice is the use of law and being fair -- MANAGEMENT ETHICS 5-1 Justice involves REAL issues that deal with the equality and fair treatment of humanity and the environment. Justice also involves the laws in a country or nation, and the arrangement of how a government will protect it’s values and maintain order while preserving the rights of the people. What is Justice ? MANAGEMENT ETHICS 5-1 Maximizing Welfare Improving standard of living for society as a whole Bringing the “greatest happiness for the greatest number” of people = UTILITARIAN This means that a person’s theory of justice is based on promoting prosperity or spurring economic growth, to seek the greatest happiness for the greatest number of people. Examples: Social Security, healthcare (Medicare and Medicaid), public schools, criminal justice system with prisons MANAGEMENT ETHICS 5-1 Respecting Freedom Having respect for individual rights and universal human rights. e.g. the Bill of Rights Emphasis on respect for individual rights Laissez-faire camp (free-market libertarians) Policies that respect voluntary choices so minimal government intervention in individual lives and choices. Fairness camp (egalitarian theorists) Policies that give everyone a fair chance at success so government passes laws that ensure everyone has equal opportunity. MANAGEMENT ETHICS 5-1 Promoting Virtue Looking at justice by affirming certain virtues and conceptions of the ‘good life’. These virtues must b.
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Economic
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Economic Systems Capitalism,
Utilitarianism, & Communism
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