Podcast
Questions and Answers
What do ethics refer to in the context of business management?
What do ethics refer to in the context of business management?
- External guidelines that govern business decisions
- Company policies and procedures
- Industry-specific regulations and laws
- Inner-guiding moral principles, values, and beliefs (correct)
What is the outcome of behaving ethically according to the lecture?
What is the outcome of behaving ethically according to the lecture?
- Loss of reputation
- Gain of trust and reputation (correct)
- Increased profits
- Decreased employee morale
What is occupational ethics concerned with?
What is occupational ethics concerned with?
- How professionals conduct themselves in their line of work (correct)
- How society members interact with each other
- How organizations view their social responsibility
- How individuals make personal decisions
What is individual ethics concerned with?
What is individual ethics concerned with?
What is social responsibility in the context of business management?
What is social responsibility in the context of business management?
Which approach to social responsibility involves behaving unethically and illegally?
Which approach to social responsibility involves behaving unethically and illegally?
What is the primary goal of companies adopting the defensive approach to social responsibility?
What is the primary goal of companies adopting the defensive approach to social responsibility?
Which approach to social responsibility involves balancing the interests of different stakeholders?
Which approach to social responsibility involves balancing the interests of different stakeholders?
What is the key characteristic of companies adopting the proactive approach to social responsibility?
What is the key characteristic of companies adopting the proactive approach to social responsibility?
Which approach to social responsibility is the most desirable from a societal perspective?
Which approach to social responsibility is the most desirable from a societal perspective?
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Study Notes
Ethics in Physical Therapy
- Ethics are inner-guiding moral principles, values, and beliefs that guide decision-making and behavior.
- Unethical behavior can lead to a loss of trust and reputation.
Trust and Reputation
- Trust is the willingness to have faith in another person's goodwill.
- Reputation is the high esteem gained when individuals or organizations behave ethically.
Sources of Ethics
- Societal ethics involve standards for dealing with issues like fairness, justice, poverty, and rights.
- Occupational ethics govern how professionals conduct themselves at work.
- Individual ethics are personal standards and values that guide responsibilities to others and self-interest.
- Organizational ethics are guiding practices and beliefs that determine a company's responsibility to stakeholders.
Social Responsibility
- Social responsibility is the duty to make decisions that protect and promote stakeholder and societal welfare.
- Approaches to social responsibility include:
- Obstructionist approach: ignoring social responsibility and behaving unethically and illegally.
- Defensive approach: complying with laws but not exercising social responsibility.
- Accommodative approach: balancing interests of different stakeholders.
- Proactive approach: embracing socially responsible behavior and promoting stakeholder interests.
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