1. 01 Ethical Decisions in Business Figures and tables

2. Components of a problematic ethical situation A person or organization implements a decision that produces various consequences. 2

3. The "prism" of ethical theory Ethical Decision: Should Amy recommend offshore production? Ethical Theory Fairness considerations: Offshore vs. local pay? Net benefit considerations: Impact of job losses on local community? Virtue/vice considerations: Is becoming Amy avaricious? Rights considerations: Offshore human rights? 3

4. Amy, as Chief Ethics Officer (CEO), makes a decision after hearing from all divisions of ethical theory Ethics Conference Table CEO = Amy VP Virtue VP Justice VP Egoism VP Feminism VP Rights VP Utilitarianism 4

5. Weighing ethical reasons Virtue Feminism Rights Justice Egoism Utilitarianism YES NO 5

6. Shareholder view of moral standing 6

7. Stakeholder view of moral standing (Corporate Social Responsibility) Decision- maker OwnersEmployeesSuppliersCustomers Local community 7

8. Comprehensive view of moral standing 8 Decision- maker OwnersEmployeesSuppliersCustomers Local community Global community PosterityEnvironmentSelf

9. Moral standing Agent DecisionResults Moral Agency? Moral Accountability? Moral Standing? 9

10. Moral standing Amy Move Offshore Job losses Moral agent: Amy Is Amy morally accountable? Moral standing: Local community 10

11. Identifying relevant ethical reasoning Agent DecisionResults Identity-based Principle- based Consequence- based 11

12. Classifying ethical reasoning Ethical Theories Identity- based Virtue ethics Feminist ethics of care Principle- based Duties Rights Justice Consequence- based Objective Utilitarian Ethical egoism 12

13. Amy's decision whether to propose moving production offshore (2) A.Amy realizes that if the company implements her proposal, then she will receive a handsome year-end bonus. B.Amy worries whether in putting forward the proposal, and thinking only of her own gain, she is becoming greedy and avaricious. C.Knowing that human rights abuses often occur in Special Economic Zones, Amy worries that implementation of her proposal will fail to respect the rights of overseas workers. D.Amy knows that if her firm implements her proposal, then it will fire many of its present employees. E.Amy also knows that the overseas contractor will pay the women sewing the clothing in a developing country much less that her company is paying its present employees for doing the same work. F.Amy should think of her duties to the owners of the firm. By taking on her role as a manager, Amy acquired a fiduciary duty to benefit the interests of the owners. G.Amy should think of the firm's suppliers. Moving production offshore will mean not renewing contracts with suppliers. 13

14. Amy's decision whether to propose moving production offshore (3) SelfOwnersEmployeesSuppliersCustomersCommunityGlobeEnvironment Character-based Virtue Ethics B Feminist Ethics Principle-based Duties F Rights C Justice E Consequence-based Objective Utilitarian DG Ethical Egoism A 14