Ch 3- Flashcards

ethics

by lying and doing harm to its shareholders.

no

it did both.

preferences about desired ends; goals one strives to achieve in life. for example being respected, family security, freedom

values/preferences regarding the means of achieving those ends; honesty, ambition, self-discipline.

morality

no

underlying beliefs of what is right and wrong. they can be shaped by family, religion,

they are there for people to fall back on when faced with an ethical dilemma. people who have strong personal values make more consistent ethical choices.

1- UTILITARIAN 2-INDIVIDUALISM 3-MORAL RIGHTS 4-JUSTICE VIEW

says that something is ethical is it produced the greatest good for the greatest number of people.

profits, efficiency, and other performance criteria

it relies on predictions of future outcomes, which can be hard to predict.

it is based on a capitalist argument of advancing own long term self interests. saying that if you focus on your own long term interests, you will in turn benefit society.

relies on the idea that humans are always rational, but that isnt always the case. it is also supposed to promote honesty and integrity but not everyone has that capacity

a view that calls to respect the fundamental rights of people

it encourages self-interested behaviour that might undermine other community values.

something is ethically good if it is fair in how it treats people

1: procedural justice: have policies and rules been equally applied? 2:Distribute: everyone should treat everyone equally regardless of individual characteristics 3:Intersectional: the degree to which people treat one another with dignity and respect. 4: Commutative: fairness of exchange or transaction of everyone involved

it raises the questions of which type of justice is deemed to be more important? how can we even define justice

cultural relativism

suggests that certain ethical standards apply universally.

can be a form of ethical imperialism in which you are attmepting to impose ones cultures ethical standards on anothers. preffering your own ethical standards and assuming they apply elsewhere

1- discrimination 2-sexual harassment 3-Conflicts of interest 4-Product safety 5-use of organizational resources

conflict of interests

1. recognize the ethical dilemma 2.get the facts and identify your options 3.test each option 4.decide which option to follow
2. ask spotlight questions 6.take action

what will my family think. How would i feel if this is reported on newspaper/internet. what would the person i admire most say.

this is known as ethics training

formal statements of an organizations values and ethical principles that set expectations for behaviour.

whistleblowers

personal (fear), organizational (strict chain of commands) (loyalty and censorship) and legal (consequences).

1- immoral 2-amoral 3-moral

a choice to behave unethically in order to prioritize personal gain.

someone who unintentionally or unknowingly disregards ethical concerns

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1- personal 2-situational 3-environment 4-organizational

this concerns moral development, family, religion

Preconventional: self-centered behaviour, in which people are concerned with personal gains, likely to do things to avoid punishment. Conventional: social-centered behaviour in which people act consistently with peers, and follow rules to make society run smoothly. Post-conventional: a principle-centered behavior with a strong ethical framework.

ethical intensity; the extent to which situations are perceived to pose important ethics challanges.

ethics culture; the way top managers act and their strenght of ethics

industry norms, laws, and regulations that can encourage ethical behaviour.

its own interests and the interests of the stakeholders.

1-Classical 2-Socio-economic 3-Shared value

Classical view of CSR

TBL= profit:economically sound? people=respected and dignity? planet=good for the environment?

works hand in hand with the notion of stewardship

Socio-economic view

says that economic progress and social progress are interconnected. the purpose is to create shared value; a virutous cycle in which investmenets in CSR lead to imporved financial performance.

1-Obstructionist 2-Defensive 3-Accomodative 4-Proactive

defensive strategy

focuses mainly on economic priorities and self-interests.

proactive strategy

you do whats legal, but also what is the bare minimum of the ethical requirement.

corporate governance