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16 Cards in this Set
- Front
- Back
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business ethics |
accepted principles of right or wrong governing the conduct of businesspeople |
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ethical strategy |
is a strategy, or course of action, that does not violate these accepted principles |
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social responsibility |
refers to the idea that business people should consider the social consequences fo economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences |
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ethical dilemmas |
they are situations in which none of the available alternatives seems ethically acceptable |
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cultural relativism |
which is the belief that ethics are nothing more than the reflection of a culture |
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righteous moralist |
claims that a mutlinational's home- country standards of ethics and the appropriate ones for companies to follow in foreign countries |
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naive immoralist |
asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either |
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utilitarian approaches |
hold that the moral worth of actions or practices is determined by their consequences |
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kantian ethics |
holds that people should be treated as ends and never purely as means to the ends of others |
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rights theories |
recognize that human beings have fundamental rights and privileges that transcend national boundaries and cultues |
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universal declaration of human rights |
notion that there are fundamental rights that transcend national borders and cultures was the underlying motivation for the united nations to form this |
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just distribution |
is one that is considered fair and equitable of distirbution of goods and services |
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code of ethics |
which is a formal statement of the ethical priorities a business adheres to |
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stakeholders |
individuals or groups that have an interest, claim, or stake in the company, in what it does, and how well it performs |
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internal stakeholders |
individuals or groups who work for or own the business |
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external stakeholders |
are all the other individuals and groups that have some claim on the firm |
