Business Ethics Review

Front 1

Sensitivity

Back 1

To insure that you are aware of/sensitive to ethical issues in all aspects of the business environment.

Hint 1

Sensitivity, Skill-building, or Integration

Front 2

Skill-building

Back 2

To provide you with reasoning and decision-making tools to help you think through ethical issues

Hint 2

Sensitivity, Skill-building, or Integration

Front 3

Integration

Back 3

To enable you to effectively integrate your personal values and reasoning skills into all of what you do and stand for.

Hint 3

Sensitivity, Skill-building, or Integration

Front 4

Why is the discussion of ethics normative?

Back 4

It deals with our reasoning about how we should act.

Front 5

Steps in ethical decision making

Back 5

- Determine the facts
- Identify the ethical issues involved
- Identify stakeholders
- Consider the available alternatives
- Guidance
- Assessment

Hint 5

D.I.I.C.A

Front 6

Utilitarianism

Back 6

Directs us to decide based on overall consequences of our acts

Hint 6

Consequences

Front 7

Deontological ethical tradition

Back 7

Directs us to act on the basis of moral principles such a respecting human rights (act guidance)

Hint 7

Human Rights

Front 8

Virtue Ethics

Back 8

Directs us to consider the moral character of individuals (character guidance-what sorts of people we should become)

Hint 8

Character

Front 9

Immanual Kant argument about morals and duties

Back 9

- Respect the dignity of each individual human being
- Act according to those rules that could be universally agreed to by all people

Hint 9

Respect

Front 10

Corporate Culture

Back 10

A shared pattern of beliefs, expectations and meanings that influence and guide the thinking and behaviors of the members of that organization

Hint 10

Shared beliefs

Front 11

Observable artifacts

Back 11

The manifestations of an organization's culture that employees can easily see or talk about

Front 12

Symbols

Back 12

Observable artifact that can be found throughout an organization, from its corporate logo to the images it places on its Web site to the uniforms its employees wear.

Front 13

Physical structures

Back 13

Observable artifacts that are the organizations buildings and internal office designs

Front 14

Language

Back 14

Observable artifact the reflects the jargon, slang, and slogans used within the walls of an organization.

Front 15

Stories

Back 15

Observable artifact that consist of anecdotes, accounts, legends, and myths that are passed down from cohort to cohort within an organization.

Front 16

Rituals

Back 16

Observable artifacts that are the daily and weekly planned routines that occur in an organization

Front 17

Ceremonies

Back 17

Observable artifacts that are formal events, generally performed in front of an audience of organizational members.

Front 18

Espoused values

Back 18

The beliefs, philosophies, and norms that a company explicitly states
- I.E. Published documents, verbal statements made to employees by managers

Front 19

Basic underlying Assumptions

Back 19

Taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than questioning the validity of their behavior in a given situation.

Front 20

Economic Model of Corporate Social Responsibilty

Back 20

Model that is the business's sole duty is to fulfill the economic functions businesses were designed to serve
- Simple pursue profit within the law will lead optimal satisfaction of demand.
- Utilitarianism theory

Front 21

Philanthropic Model of CSR

Back 21

- Model that says the business has no strict obligation to contribute to social causes; can be good thing when they do so
- Overlap with those who follow the view of business's social responsibilities

Front 22

Social Web Model of CSR

Back 22

Business must conform to the normal ethical duties we face (respecting human rights)
- Kantian theory
- Strong ethical duty to not cause harm and pursuit of profit can be constrained

Front 23

Stakeholder Theory

Back 23

Related to the Social Web Model. Doesn't give privacy to one stakeholder group over another, although one group will benefit at the expense of others at times
* Ethically superior than the classical model

Front 24

Integrative Model of CSR

Back 24

- Pursue social ends as the very core of their mission (Non-profit organizations)
- Social goals a central part of the strategic mission of the organization.
* Social entrepreneurship and sustainability

Front 25

Employment At Will (EAW)

Back 25

Unless an agreement specifies otherwise, employers are free to fire an employee at any time for an reason. An employee can also leave a job at anytime without offering a notice.

Front 26

Utilitarian and Deontological

Back 26

EAW support the ethical theories of....

Front 27

Two general understandings of privacy.

Back 27

Right to privacy and right to control information about one's self.

Front 28

Privacy is legally protected

Back 28

Constitution, Federal/State Laws, commons-laws.

Front 29

Utilitarian Ethical Tradition

Back 29

Approach to marketing that the agreement of the two parties' is evidence that both are better off than they were prior to the exchange and overall happiness has been increased by any exchange freely entered into.

Front 30

Informed Consent from a Consumers Perspective

Back 30

A consumer's consent to purchase a product is not informed if that consumer is being mislead or deceived about the product.

Front 31

Triple Bottom Line Approach

Back 31

Approach that is accessing business activity along the three pillars of sustainability

Front 32

Three Pillars of Sustainability

Back 32

Economic, Environmental, and Ethical.

Front 33

Auditors

Back 33

Gatekeeper that verify a company's financial statements

Front 34

Analysts

Back 34

Gatekeeper that evaluate a company's financial prospects or creditworthiness

Front 35

Attorney's

Back 35

Gatekeeper that ensure that decisions and transactions conform to the law

Front 36

Fiduciary Duties

Back 36

A professional and ethical obligation--to their clients, duties that override their own personal interests

Front 37

Utilitarianism

Back 37

Maximize the overall good or the greatest for the greatest number

Front 38

Virtue Ehitcs

Back 38

Tradition that within philosophical ethics that seeks a full and detailed description of those character traits, or cirtues, that would constitue a good and full human life.

Front 39

Virtue Ethics

Back 39

Tradition that focuses on who that person is, instead of what a person should do.

Front 40

Virtue Ethics

Back 40

Tradition with primary virtues of courage, moderation, wisdom, and justice.