M: Management
M: Management
5th Edition
ISBN: 9781259732805
Author: Thomas S Bateman, Scott A Snell, Robert Konopaske
Publisher: McGraw-Hill Education
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Chapter 4, Problem 1LO
Summary Introduction

To discuss:  How various ethical perspectives assist in managerial decision making.

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Explanation of Solution

As an individual’s decision would often be derived from his or her ethics, varied ethical perspectives assist in managerial decision making. The ethics would often differ from one people to the other as it is one’s personal choice on which the value overrules the others.

An ethical issue is a problem, situation, or choice, where an individual should select between many actions, which should be assessed as morally correct or wrong. The significant 5 perspectives, which shapes the ethics of an individual includes egoism, relativism, universalism, utilitarianism, and virtue ethics.

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