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Book review 9

Page history last edited by PBworks 16 years, 2 months ago

David Lemuel E. Garcia                                                                                        


10564721      BS-IM




Business Ethics


Ethical Decision Making and Cases 3rd Edition


By: Ferrell and Fraedrich




Chapter 3: Applying Moral Philosophies to Business Ethics



“Moral philosophies present guidelines for resolving conflicts for optimizing the mutual benefit of people living in groups.”




            - Moral philosophies serve as a way on how people should act the way they should and how to create a harmonious surrounding around them. It does make an environment more effective in a way that it serves as a footprint that should be followed in order to achieve a certain goal. Creating a moral philosophy should benefit the people who are bound with the philosophy being created and that it should promote the common good of every person within it.




Summary of the Chapter:



            This chapter talked about ethical dilemmas, moral philosophy, the perspectives of moral philosophy, teleology, deontology, Relativism, Virtue Ethics, and had some real life situations about applying the moral philosophies to business ethics.




Chapter 6: How the Organization Influences Ethical Decision Making



“…centralized organizations are far more ethical in their behavior compared to that of a decentralized organization….”



            - Decentralized organizations are more of like a peer-2-peer relationship, anyone who wants to shout out what they want to say and blame can be done but in a centralized organization, there are rules with regards to authority in the line of responsibilities and that people knows where they stand, what are their limitations and that they are being monitored by the ones above them and that they cannot just blame someone from doing something especially if its higher than their current position.



Summary of the Chapter:



            Organizational structures and business ethics as to the differentiation of centralized and decentralized organizations, the roles of corporate culture in ethical decision making, group dimensions of organizational structure and culture, ethical frameworks, audit for corporate culture, formal, informal groups, and the groups norms. It also talked about how organizational relationships imply in ethical decision making.




Chapter 8: The Role of Opportunity and Conflict



“The marketing of new products often brings business into conflict with society especially when products raise moral issues for certain groups.”




            - This kind of thing normally happens if something like the church would disagree with your product; a good example would be condom. It’s a contraceptive and the church doesn’t allow the use of it because it was like going against the words of the Lord that says “Go on leave and multiply.” or other certain cases that does conflict other groups that share the same insight and belief.



Summary of the Chapter:



            Opportunities and conflicts are being talked on this chapter wherein the knowledge and individual status is being discussed. Personal-organizational, personal – societal, and organizational – societal conflicts are the types of conflicts that are being discussed.



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