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- What are the ethical challenges and responsibilities associated with management, and how do they impact decision-making?.Assume that you are a high level manager for a shoe manufacturer. You know that your firm could increase its profit margin by producing shoes in Indonesia, where you could hire women for $40 a month to assemble them. You also know, however, that a competing shoe manufacturer recently was accused by human rights advocates of engaging in exploitative labor practices because the manufacturer shipped shoes made by Indonesian women working for similarly low wages. You personally do not believe that paying $40 a month to Indonesian women is unethical, because you know that in that impoverished country, $40 a month is a better than average wage rate. Assuming that the decision is yours to make, should you have the shoes manufactured in Indonesia and make higher profits for your company? Or should you avoid the risk of negative publicity and the consequences of that publicity for the firm’s reputation and subsequent profits? Are there other alternatives?What is a logical fallacy?
- What is the principle in which people expect others to hold views of the world similar to their own(1) How does John Stuart Mill answer those who might say that people would not always prefer the life of a human being over the life of a fully satisfied animal such as a pig? (2) Do you agree with Mill in this regard? Why?What are the ethical considerations that managers should be aware of in their decision-making processes, and how can they promote ethical behavior within their organizations?
