Bus 1100 Ch 2

Front 1

Beliefs about right and wrong

Back 1

Ethics

Front 2

The obligation of a business
to contribute to society

Back 2

Social responsibillity

Front 3

Profit - Maximization
Law
Ethics
Citizenship [of host country]

Back 3

Social Pyramid

Front 4

Who created the social pyramid?

Back 4

Archie B. Carroll’s

Front 5

. University of Georgia’s business-ethics scholar, Archie B. Carroll, provides a guide for thinking about practical and moral matters, called the

Back 5

Global corporate social responsibillity pyramid

Front 6

embezzlement
consumer fraud
sexual harrasment
cash paments to avoid taxes
Illegal, unethical, both or niether?

Back 6

illegal and unethical

Front 7

making sleazy, short-lived products
cancelling company retirement plan
avoiding taxes on us revenues using offshore banks
Illegal, unethical, both or niether?

Back 7

legal but unethical

Front 8

paying more dispite union contract limits
selling raw milk for human consumption
Illegal, unethical, both or niether?

Back 8

ethical but illegal

Front 9

green business
consumer freindly behavior
employee fringe benefits
community contributions
Illegal, unethical, both or niether?

Back 9

both legal and ethical

Front 10

benefiting society as well as the organization

Human Rights & Employment Standards
Ethical Sourcing & Procurement
Marketing & Consumer Issues
Environmental, Health & Safety Concerns
Community and Good Neighbor Polices
all of these fall under

Back 10

corporate social responsibillity

Front 11

Negative Consequences
Two unfavorable options

Back 11

Ethical Dilemma

Front 12

Clear misconduct

Back 12

Ethical Lapse

Front 13

the application of right and wrong in the workplace

Back 13

Business Ethics

Front 14

underlying beliefs that help determine behavior

Back 14

Values

Front 15

standards of right and wrong

Back 15

Ethics & Laws

Front 16

is the illegal use of private company information to further one’s own fortunes or those of family or friends.

Back 16

insider trading

Front 17

is a voluntary student-led pledge of intention to serve the greater good in which they promised to act responsibly and ethically and refrain from advancing their “own narrow ambitions” at the expense of others.

Back 17

mba oath

Front 18

where they attempt to prevent criminal misconduct by increasing control and by punishing violators.

Back 18

compliance-based ethics code

Front 19

that attempts to enable responsible employee conduct by creating an environment that supports ethically desirable behavior.

Back 19

integrity-based ethics code

Front 20

consists of a written set of ethical standards to help guide an organization’s actions.

Back 20

code of ethics

Front 21

is to integrate the organization’s ethics and values initiatives, compliance activities, and business conduct practices into the company’s decision-making processes.

Back 21

ethics officer

Front 22

is an employee who reports organizational misconduct to the government or the public, such as corruption, fraud, overcharging, waste, or health and safety problems.

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whistleblower

Front 23

was established to protect whistleblowers and requirements for proper financial record-keeping for public companies and penalties for noncompliance.

Back 23

The Sarbanes-Oxley Act (SOX)

Front 24

Companies are part of society

Back 24

keith davis

Front 25

Companies are set up just to make profit

Back 25

Milton Friedman

Front 26

do both, profit and society

Back 26

MICHAEL PORTER

Front 27

positions on political and social issues

Back 27

Corporate Policy

Front 28

sponsorship, fund raising, donations and other support

Back 28

Community Activities

Front 29

supporting worthy causes

Back 29

Cause-Related Marketing

Front 30

leveraging business for social change

Back 30

Social Entrepreneurship

Front 31

is defined as economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Back 31

Sustainability

Front 32

is making charitable donations to benefit humankind.

Back 32

Philanthropy

Front 33

High costs of employee fraud
Diminished stock price
Diminished sales growth
Damaging lawsuits
These are the _______ effects of ______ ___

Back 33

negative effects of being bad

Front 34

Benefitting customers
Benefitting owners
Benefitting employees
Benefitting suppliers
Benefitting the local & national community
Benefitting the international community
These are the _______ effects of ______________

Back 34

positive being good

Front 35

PHILOSOPHERS: NOT CONCERNED WITH ORIGIN OF MORAL STANDARDS BUT WHETHER THE STANDARDS CAN WITHSTAND

Back 35

CRITICAL SCRUTINY!

Front 36

When talking about morality what do these terms mean? DEONTOLOGICAL, CONSEQUENTIALISTIC

Back 36

Relies on external standard - no matter the consequences
Relies on consequences

Front 37

consequentialism
individual self-interest

Back 37

egoism

Front 38

consequentialism
take into account everyone affected by the decision

Back 38

Utilitarianism

Front 39

Aristotle’s ?

Back 39

Golden mean

Front 40

All things in moderation

Back 40

Aristotle’s Golden Mean

Front 41

Kant’s?

Back 41

Categorical Imperative

Front 42

“What if everyone acted this way?”

Back 42

Kant’s Categorical Imperative

Front 43

Mill’s?

Back 43

Principle of Utility

Front 44

The greatest happiness for the greatest number

Back 44

Mill’s Principle of Utility

Front 45

Nietzsche’s?

Back 45

The Will To Power

Front 46

All people and animals seek to exert power

Back 46

Nietzsche’s The Will To Power

Front 47

Love your neighbor as yourself

Back 47

Judeo-Christian View

Front 48

Satre’s?

Back 48

Bad Faith”

Front 49

Individuals should act authentically

Back 49

Satre’s “Bad Faith”

Front 50

Rawl’s ?

Back 50

Veil of Ignorance

Front 51

Basic respect for everyone

Back 51

Rawl’s Veil of Ignorance

Front 52

The point between two evils [does not say how close to the middle] = moderation

Courage = termerity/recklessness & cowardice

Emphasis on emotional response rather than conduct. Good conduct without proper motive is not virtuous
Some anger is good [rage v indifference]
Some pride is good [hubris v humility]

Back 52

Aristotle’s Golden Mean

Front 53

_______ - sought moral principles independent of consequences. Acts are right or wrong in and of themselves.

Actions must spring from sense of duty [not from selfish motives or consideration of consequences]

___________________: Act in such a way that if we could “will” our actions to become a universal law of conduct

Back 53

Kant’s Categorical Imperative

Front 54

Would an evil act that results in more overall good be ethical or would breaking a moral principle be ethical if it resulted in more good?

Greatest good for the greatest number

Back 54

Mill’s Principle of Utility

Front 55

Was an atheist = no objective way to formulate morality

Individuals should create their own moral code

To follow a religion = acting in “Bad Faith” because that would be denying that we are responsible for creating ourselves, determining our own choices

Back 55

Satres bad faith

Front 56

“A living thing seeks above all to discharge its strength — life itself is will to power; self-preservation is only one of the indirect and most frequent.”

People and animals seek to live only to exert power

Each person should establish their own moral codes to control their passions and fulfill their inherent creativity

Back 56

Nietzsche’s The Will To Power

Front 57

if charged with making laws for a society but your status is unknown to you and others – will return to that status after making the laws

Back 57

Rawl’s Veil of Ignorance