GM’s failure to consider its stakeholders
This can make or break your business. If you make the mistake like this and you lose trust from your consumers, things can go downhill fast.
18 Matching Annotations
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openstax.org openstax.org
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openstax.org openstax.org
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There are no shortcuts. Imperfection, self-doubt, and mistakes are part of the process.
You must learn from your ethical failures over time if you want to create success for yourself and others within your organization.
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Ethical professionals work for companies whose values align with their own. How
This reminds me of culture on any team/workplace. You must surround yourself and others with people that are aligned and focused on the same goals.
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openstax.org openstax.org
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“hedonic calculus”
This is very interesting. Almost an "analytical" way of measuring how ethical you are.
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greatest happiness for the greatest number
Key to utilitarianism. Focal point of the reading.
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the means become a way of life
It is not just about reaching goals or the outcome, it is about discipline and building character along the way.
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openstax.org openstax.org
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practices. A single standard of business behavior that emphasizes respect and good service appeals to all.
Changing your moral compass for certain situations is detrimental to respecting others and doing good service.
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“social responsibility of a business is to increase its profits.”
Friedman's article is interesting because profits are what keeps a business upright, but if you are not also helping the greater good, you aren't doing your job to the fullest.
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Ethical acts are generally considered voluntary and personal—often based on our perception of or stand on right and wrong.
personal character is vital for good ethics. You can get by in life without consequences, but it does not mean you are living totally ethically if you aren't a good person.
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The Framework does not tell users what the right or most ethical thing to do is. While applying the Framework, the user is still the one who has to make a judgment call.
There is no one formula for acting ethically. You have to use your own personal judgment as well. That can be the hardest part!
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www.scu.edu www.scu.edu
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Nonetheless, each one gives us important insights in the process of deciding what is ethical in a particular circumstance.
It is important to talk about how one ethical lens is not enough to think ethically. Each one has its benefits/downsides. It is vital to use a combination of them to live ethically.
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www.scu.edu www.scu.edu
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A ruthless individualism, expressed primarily through a market mentality, has invaded every sphere of our lives, undermining those institutions, such as the family or the university, that have traditionally functioned as foci of collective purposes, history, and culture.
People being so laser-focused on their own personal success/gain has caused inequality because there is a lack of focus on others.
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www.scu.edu www.scu.edu
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There are times, however, when our willingness to consider both the good of the individual and the good of the community leaves us in a dilemma, and we are forced to choose between competing moral claims.
I think this is important to annotate because it is tough to decide whether you are more important than the greater good. We want to be fair and help everyone, but does it cause you the individual to fall behind because the focus on the help is towards the group.
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The benefits that a common good provides are, as we noted, available to everyone, including those who choose not to do their part to maintain the common good.
The free rider problem is very interesting to me because I feel there are a lot of people in the world that take advantage of being able to cling onto the people actually doing the work and reaping the benefits, without actually contributing themselves.
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"Individuals should be treated the same, unless they differ in ways that are relevant to the situation in which they are involved."
This makes a ton of sense to me, especially with the example that follows the text I highlighted. Everyone should be treated the same unless they are different in ways that actually contribute to the lack of fairness. You can't simply treat someone differently if their differences have nothing to do with what you are doing at the time
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www.scu.edu www.scu.eduRights1
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Kant expressed this idea in a moral principle: humanity must always be treated as an end, not merely as a means.
We touched on this earlier in class. People are not used to only benefit yourself. Harming others to put yourself above them is not morally correct. It is a bit different than utilitarianism because in utilitarianism, there is some "harming" of others for the greater good of the majority.
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utilitarianism cannot be the sole principle guiding our decisions
Looking at outcomes can help overall, but if the system driving the outcome is not completely correct, people still suffer.
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His motto, a familiar one now, was "the greatest good for the greatest number."
I feel this is the core principle of utilitarianism. It also makes a ton of sense. You want to make the best decisions for the largest number of people to leave the most people happy. It is interesting though because I feel this principle can leave out minority groups when it comes to decision making for the greater good.
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