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19 Cards in this Set
- Front
- Back
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Ethics |
-standard of moral behavior that is accepted as right and wrong by our society
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The three questions to ask when facing an ethical dilemma |
Is it legal?
Is it balanced ? How will it make me feel about myself? |
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What are the two catagories of ethics codes? |
1)Compliance based ethic codes 2)Integrity based ethiccodes |
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Compliance based ethics codes |
- emphasizes preventing unlawful behavior by penalizing wrongdoers
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Integrity based ethics codes |
defines the organization's values and creates an environment that support ethical behavior
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Whistleblower |
people who report illegal or unethical behavior
ex:Bunky from empire |
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Corporate Social Responsibility (CSR) |
businesses should believe in welfare for the society rather than just for the owners
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Corporate philanthrophy |
social responsibility through the process of involving in charity work |
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corporate social initiative |
the same as corporate philosophy: providing charity work for those who are in need of it ex:helping out those who were affected in the Asian tsunami |
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Corporate Responsibility |
-everything from hiring minority workers to making safe product |
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Corporate policy |
ocial issuesa firms stance on political and s |
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Two types of views on CORPORATE SOCIAL RESPONSIBILITY |
1)Strategic Approach 2)Pluralist Approach |
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Strategic Approach |
Responsibility should be toward the shareholders and profit-oriented goal of the company -dont really care about welafare of society |
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Pluralist Approach |
the society as a whole responsibility should be to fulfill their moral obligations and responsibility to the society |
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insider trading |
an unethical behavior in which people use private information of a company to benefit their family and friends |
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Four responsibilities toward customers |
1)The right to be heard 2)The right to safety 3)The right to be informed 4)The right to choose |
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social audit |
organizations progress toward implementing programs that are socially responsible and its effects on the society |
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Triple-bottom line |
the corporate performance with respect to the social,economic and the enviornmental parameters |
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Sustainable development |
incorporating social,enviornmental and economic aspects into decision making |
