Chapter 3

Business Management 3030 with Williams at University of Toledo

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By: Amelia Schumacher
Created: 2011-09-18
Size: 18 flashcards
Views: 6

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Ethics

The code of moral principles that sets standards of good or bad, right or wrong, in our conduct

Values

The underlying beliefs and judgments regarding what is right or desirable and that influence individual attitudes and behaviors

Ethical Dilemma

A situation requiring a decision about a course of action that, although offering potential benefits, may be considered unethical

How do alternative moral reasoning approaches view ethical behavior?

Moral Rights View

•Does a decision or behavior maintain the fundamental rights of all human beings?

How do alternative moral reasoning approaches view ethical behavior?

Individualism View

•Does a decision or behavior promote one's long-term self-interests?

How do alternative moral reasoning approaches view ethical behavior?

Utilitarian View

•Does a decision or behavior do the greatest good for the most people?

How do alternative moral reasoning approaches view ethical behavior?

Justice View

•Does a decision or behavior show fairness and impartiality?

Ethical Framework

Well thought out personal rules and strategies for ethical decision making

Checklist for dealing with ethical dilemmas (7 Steps)

Recognize the ethical dilemma
Get the facts
Identify your options
Test each option: Is it legal? Is it right?
Decide which option to follow
Ask spotlight questions:

How would my family feel if they found out about this?

Take Action

Whistleblowers

Persons who expose organizational misdeeds in order to preserve ethical standards and protect against wasteful, harmful or illegal acts

Immoral Manager

-Chooses to behave unethically

-He or she does something purely for personal gain and intentionally disregards the ethics of the action or situation

Amoral Manager

-Fails to consider ethics unintentionally

-This manager simply fails to consider the ethical consequences of their actions

Moral Manager

-Makes ethical behavior a personal goal

-Makes decisions and acts always in full consideration of ethical issues

Code of Ethics/Code of Conduct

Formally states the values and ethical principles members are expected to display

Corporate Social Responsibility

The obligation of an organization to serve its own interests and the interests of its stakeholders. (Donating money, volunteering, being green)

Social Entrepreneurship

A unique form of entrepreneurship that seeks novel ways to solve pressing social problems at home and abroad (Toms Shoes)

Corporate Governance

The oversight of top management by a board of directors

About this deck

By: Amelia Schumacher
Created: 2011-09-18
Size: 18 flashcards
Views: 6

About StudyBlue

“I have used this website for three exams, and I see a huge difference in my test results.”
Naj