Chapter 3:
➔What is an ethical decision?
◆Decisions that don't necessarily break the law, but hurt your
customers/are immoral
➔Triple P’s:
◆People
◆Profit
◆Planet
● Decisions that are bearable, equitable, and sustainable
➔Internal stakeholders
◆Employees, owners, board of directors
➔External stakeholders
◆Community
● General environment & task environment
○ General environment: economic, technological,
sociocultural, demographic, political-legal, &
international
◆Generally, these forces are out of the control of a
manager
➔Approaches to resolving ethical dilemmas:
◆Utilitarian
◆Individual
◆Moral-rights
◆Justice
Chapter 4: Global Management
➔Individualism vs. collectivism:
◆Do you put your feelings first/make them a priority or do you do
things that are best for the greater good?
➔What is an ethical decision?
◆Decisions that don't necessarily break the law, but hurt your
customers/are immoral
➔Triple P’s:
◆People
◆Profit
◆Planet
● Decisions that are bearable, equitable, and sustainable
➔Internal stakeholders
◆Employees, owners, board of directors
➔External stakeholders
◆Community
● General environment & task environment
○ General environment: economic, technological,
sociocultural, demographic, political-legal, &
international
◆Generally, these forces are out of the control of a
manager
➔Approaches to resolving ethical dilemmas:
◆Utilitarian
◆Individual
◆Moral-rights
◆Justice
Chapter 4: Global Management
➔Individualism vs. collectivism:
◆Do you put your feelings first/make them a priority or do you do
things that are best for the greater good?
