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14 Cards in this Set
- Front
- Back
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refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization |
ethics |
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are the accepted principles of right or wrong governing the conduct of business people |
business ethics |
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is a strategy or course of action that does not violate these accepted principles of ethics |
ethical strategy |
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by moving production to locations where they arefree to pump pollutants into the atmosphere or dump them in oceans or rivers |
global tragedy of the commons |
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The act outlawed the paying of bribes to foreigngovernment officials to gain business. |
corrupt practices act |
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The convention, which went into forcein 1999, obliges member-states and other signatories to make the bribery of foreignpublic officials a criminal offense. The convention excludes facilitatingpayments made to expedite routine government action from the convention. |
convention on combating bribery of foreign public officials in international business transactions |
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they are situations in which none of the available alternatives seems ethically acceptable |
ethical dilemmas |
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general accepted principles of right and wrong governing the conduct of individuals |
personal ethics |
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what is the first step to establishing a strong sense of business ethics |
for a society to emphasize strong personal ethics |
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the values and norms that are shared among employees of an organization |
organizational culture |
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thebelief that ethics are nothing more than the reflection of a culture—all ethicsare culturally determined—and that accordingly, a firm should adopt the ethicsof the culture in which it is operating.28 Thisapproach is often summarized by the maxim when in Rome, do as the Romans. |
cultural relativism |
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claims that amultinational's home-country standards of ethics are the appropriate ones forcompanies to follow in foreign countries. This approach is typically associatedwith managers from developed nations. While this seems reasonable at firstblush, the approach can create problems. |
righteous moralist |
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asserts that if a manager of a multinationalsees that firms from other nations are not following ethical norms in a hostnation, that manager should not either. The classic example to illustrate theapproach is known as the drug lord problem |
a naive immoralist |
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explicitly rejects the idea that businessesshould undertake social expenditures beyond those mandated by the law andrequired for the efficient running of a business |
friedman doctrine |
