Tee Sing Yee 1001954192

Chapter 5:Managing Ethics and Social Responsibility (Tutorial 5)

1. Explain the term ethics and managerial ethics.

Ethics is a branch of philosophy which seeks to address issues related to concepts of
right and wrong. Managerial ethics is a set of principles and rules dictated by
upper management that define what is right and what is wrong in an organization. It
is the guideline that helps direct a lower manager's decisions in the scope of his or
her job when a conflict of values is presented.

E.g: Meta-ethics aims to understand the nature of ethical evaluations, the origin of
ethical principles and the meanings of terms used but is value-free.
Descriptive ethics involves, for example, determining what proportion of the
population or a certain group considers that something is right or wrong.
 A company that gives entry-level workers a level of compensation and benefits
that are well above the local minimum wage has morally ethical policies. Giving
employees a generous profit-sharing plan based on the company's performance,
demonstrates that leaders care not only about their personal profit but also about
the growth and success of their people.

2. Describe what is utilitarian approach?

3. Explain moral right approach.