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19 Cards in this Set
- Front
- Back
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Business Ethics
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The accepted principles of right or wrong governing the conduct of businesspeople
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Ethical Strategy
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A strategy that does not violate the accepted principles of right or wrong governing the conduct of businesspeople
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Understand the ethical issues faced by international business
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The most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations
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Foreign Corrupt Practices Act
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US law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions
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Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
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Organization for Economic Cooperation and Development (OECD) convention that obliges member states to make the bribery of foreign public officials a criminal offense
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Social Responsibility
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The idea that businesspeople should consider the social consequences of economic actions when making business decisions.
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Recognize an ethical dilemma
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A situation in which none of the available alternatives seems ethically acceptable.
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Identify the causes of unethical behavior by managers
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Personal ethics, Decision-making processes, Leadership, Unrealistic performance expectations, organizational culture
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Organization culture
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The values and norms shared among an organization's employees
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Describe the different philosophical approaches to ethics
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Straw Men approaches: inappropriate guidelines for ethical decision making in a multinational enterprise
Utilitarian and Kantian Ethics Rights Theories Justice Theories |
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Cultural Relativism
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The belief that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate.
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Righteous Moralism
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The belief that a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries
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Naive Immoralism
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The belief that if a manager of a multinational sees that forms from other nations are not following ethical norms in a host nation, that manager should not either
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Utilitarian Approaches
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Approaches that hold that the moral worth of actions or practices is determined by their consequences
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Kantian Ethics
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The belief that people should be treated as ends and never as means to the ends of others.
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Rights Theories
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20th century theories that recognize human beings have fundamental rights and privileges that transcend national boundaries and cultures.
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Universal Declaration of Human Rights
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A UN document that lays down the basic principles of human rights that should always be adhered to
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Just Distribution
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A distribution of economic goods and services that is considered fair and equitable
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Code of Ethics
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A business's formal statement of ethical priorities
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