Chapter 6 Individual Factors

Front 1

Moral Philosophy

Back 1

specific principles or rules that people use to decide what is right or wrong

Front 2

Adam Smith

Back 2

Father of free market capitalism
Developed the idea of the invisible hand

Front 3

Milton Friedman

Back 3

Markets will punish/reward ethical behavior
No need for government regulation
Currently dominant form of captialism

Front 4

Value Orientation

Back 4

economic
Idealism
realism

Front 5

Kohlberg's Theory

Back 5

1. Shows the people can change or improve their moral development
2. Supports management's development of employee's moral principles

Front 6

Condensed Theory 1

Back 6

Concerned with immediate needs with rewards and punishments
- punishment and obedience
- individual instrumental purpose and exchange

Front 7

Condensed Theory 2

Back 7

Concerned with the right as expected by larger society or some significant reference group
- mutual interpersonal expectations, relationships and conformity
- Social System and conscience maintenance

Front 8

Condensed Theory 3

Back 8

Sees beyond norms, laws, and authority of groups or individuals
- Prior rights, social contract or utility
- Universal ethical principles

Front 9

White Collar Crime Reasons

Back 9

Patterns of activities associated with corp culture become institutionalized
Peer influence from acquaintances
WCCs increase after recessions

Front 10

WCC 4 reasons

Back 10

1 - Spread too thin
2 - Financial Pressues
3 - Influenced by co-workers or supervisors
4 - Pressure to perform

Front 11

WCC - justifications

Back 11

1. Denial of Responsibility
2. Denial of injury
3. Appeal to a higher authority
4. Everyone else is doing it
5. Entitlement