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21 Cards in this Set
- Front
- Back
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Stakeholder |
Somebody who has a claim in the company |
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Stakeholder orientation |
the degree to which you understand the stakeholders demands. |
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explain interest diagram |
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econ responsibility |
do what is required by capitalism |
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Corporate inteligence |
is the collection andanalysis of information on markets, technologies,customers and competitors, as well as onsocioeconomic and external political trends
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Voluntary Practices |
Beliefs, values, andvoluntary contractual obligations of a business |
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Core Practices |
Documented best practices,often encouraged by legal and regulatoryforces and trade associations |
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Mandated Boundaries |
Externally imposedboundaries of conduct (e.g. laws, rules,regulations and other requirements |
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Dodd Frank |
Improved financial regulation |
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Teleology |
o Considers acts as morally right or acceptableif they produce a desired result |
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egoism |
defines right or acceptable behavior in terms ofconsequences to the individual |
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Enlightened Egoists |
Take a long-term perspective andallow for the well-being of others though their own selfinterestsremain paramount |
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Utalitarianism |
seeks the greatest good forthe greatest number of people |
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Rule utilitarians |
Determine behavior basedon principles designed to promote thegreatest utility |
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Act Utilitarians |
Examine a specific actionitself; not the rules governing it |
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Relativist Perspective |
You determine ethical behavior from experience |
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Descriptive Relativism |
Ethics depends on that culture |
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mataethical relativism |
Proposes people seesituations from their own perspectives No objectiveway of resolving ethical disputes between different valuesystems and individuals
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Normative Relativism |
Assumes one person’s opinionis as good as another’s |
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Kohlberg |
1. Punishment and obedience2. Individual instrumental purpose and exchange3. Mutual interpersonal expectations, relationships, andconformity4. Social system and conscience maintenance5. Prior rights, social contract, or utility6. Universal ethical principles |
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Stages in decision making |
Recognize a Moral Issue
Moral Judgment Intention to act Act |
