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47 Cards in this Set
- Front
- Back
Describe stakeholders
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anyone who is affected by decision made within the firm
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the 3 levels
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primary, indirect, secondary
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what is corp culture?
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the business environment that influences out decisions. a shared pattern of belief
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related to ethics because...
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as managers we have the power and responsibility to encourage others to do the rite thing
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examples of the two types of corp culture
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compliance based - factory
values based - google or jnj |
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leadership is important to corp culture because
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we have to foster an environment that encourages good ethical decision making
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one example of an ethical leader?
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my man ratan
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describe utilitarianism
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decisons based on the consequences, and th emost good for the most pe-po
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advantage of util.
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pragmatic thinking: produces best overall consequences
useful for public policy |
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disadvantage of util:
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the ends do not always justify the means. ignoring duty-based ethics
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why are business execs drawn to this theory?
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in the tradition of adam smith, this will lead to deregulation and we will be lead by an invisible hand. maxing profits is and efficient means to an end of max happy
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2 important topix of decision making
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1)it is impossible to create an ethical decision maker, but we can learn and practice ways to do so.
2)responsible decision making result in more responsble behavior |
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2 important topix of social responsibility
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how we ought to live together, and consider the broader implications of our actions.
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2 importnt topix of law
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to behave ethically sometimes you hafta disobey the law
laws cant possibly solve every dilemma |
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duty based ethics are?
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there are some rules we ought to obey no matter what the cost.
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2 advantages of duty-based
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1)very prescriptive set of rules that eliminates ambiguity
2)you dont have to mull over decisions because its DONE. |
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2 foundations of the categorical imper.
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-act according to rules agreed to by most people (ie business signing on to the UN global compact)
-treat people as and end in themselves (no more child labor) |
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1 disadvantage of duty-based
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what do we do when there are conflicts with the rules?
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4 components of acting morally
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Moral sensivity
moral judgement moral motivation implementation |
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an example from the book?
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whistleblowing would be an example of implementation. it takes courage because of the tolls it causes on business and the person
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One point from CST and World relegions
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cst is a blend of
duty-based virtue ethics distributive justice world - ethical guidance is provided |
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3 principles of CST
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human dignity- outsourcing exploits
stewardship- sustainability, resp for creator worker dignity- workers shood be fired as a last resort |
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how is virtue ethics different?
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emphisizes character rather than consequence
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3 dimentions of Virtue ethics?
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1)shifts focus from what a person shood do to what a person is
2)id doesnt control us, our character does 3)introspective, what traits will help me develop a full-life? |
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one critisim of VE
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different cultures have different values
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how does lexus & olive relate to the course?
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an olive tree may be someone duty-based ethic like in the mid-east fiting over land. the VE faith permeates even the most fancy lexus
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4 types of ethics statements
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values statement
corp credo code of ethics interweb privacy policy |
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2 principle to follow when writing ethics statements?
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respons to real-life sitations
avoid jargon and generalities |
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3 models of CSR
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corp citizenship
social contract enlightned self interest |
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corp citizen
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engage in efforts for public good, they have a role. often because of a strong leader
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social contract
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corps reap benefits from the community so they have a responsibilty to return the favor
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enlitened self-interest
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csr is a marketing advantage ie nike
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how CSR it relates to ethics?
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distributive justice
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caux (1 of 3)
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the responsibility of business: beyond shareholders to stakeholders
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caux (2 of 3)
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economic and social impact of business
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caux (3 of 3)
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business behavior: beyond the letter of the law toward a spirit of trust
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caux stakeholders:
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employees
communities |
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3 major approaches to business environmental responsibility
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market - leave it to the market ir pacific lumber
regulatory - EPA emmission standards |
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and the last one
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sustainability - integrated approach.
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moral vs legal rites?
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legal rites are granted based on judicial decisions. moral is respect owed just because youre a human being
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how has UN laws made the distinction?
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they make 'laws' but they are not enforceable.
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normative myopia
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inability to recognize ethical issues
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slippery slope
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one unethical decision leads to another
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power-responsibility
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more powerful a company more resp you have to a community
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sustainable development
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development meets the need of todays without fucking up tomorrow
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veil of ignorance
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when choosing principles to govern with, dont take societies abilities or talents into account
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3 reasons sadhu in important
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It illustrates a need for moral sensitivity, issues arent always b&w
stephen disagreed and reacted harshly, there will always be critics you need to think about shit not from just your perspective. |