Term
|
Definition
| the system of rules that governs the ordering of values. |
|
|
Term
|
Definition
| Situation, problem or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong. |
|
|
Term
|
Definition
| the moral principles and standards that guide behavior in the world of business. |
|
|
Term
|
Definition
| An act passed into law by Congress in 2002 to establish strict accounting and reporting in order to make senior managers more accountable and to improve and maintain investor confidence. |
|
|
Term
|
Definition
| In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong. |
|
|
Term
|
Definition
| One who is both a moral person and a moral manager influencing others to behave ethically. |
|
|
Term
| compliance-based ethics programs |
|
Definition
| Company mechanisms typically designed by corporate counsel to prevent, detect, and punish legal violations. |
|
|
Term
| integrity-based ethics programs |
|
Definition
| Company mechanisms designed to instill in other people a personal responsibility for ethical behavior. |
|
|
Term
| corporate social responsibility |
|
Definition
| Obligation towards society assumed by business. |
|
|
Term
|
Definition
| To obey local, state, federal, and relevant international laws. |
|
|
Term
|
Definition
| Meeting other social expectations, not written as law. |
|
|
Term
| philanthropic responsibilities |
|
Definition
| Additional behaviors and activities that society finds desirable and that the values of the business support. |
|
|
Term
|
Definition
| An education with five higher goals that balance self-interest with responsibility to others. pg183 |
|
|
Term
|
Definition
| Its goal is the creation of sustainable economic development and improvement of quality of life worldwide for all organizational stakeholders. |
|
|
Term
|
Definition
| Economical growth and development that meet present needs without harming the needs of future generations. |
|
|
Term
| life-cycle analysis (LCA) |
|
Definition
| A process of analyzing all inputs and outputs, though the entire "cradle-to-grave" life of a product, to determine total environmental impact. |
|
|
Term
| economic responsibilities |
|
Definition
| To produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. |
|
|
Term
|
Definition
Excessive emphasis on short term revenues over long term considerations.
Failure to establish a written code of ethics.
A desire for a "quick fix" solutions to ethical problems.
An unwillingness to take an ethical stand that may impose financial costs.
Consideration of ethics solely as a legal issue or a public relations tool.
Lack of clear procedures for handling ethical problems.
Responding to the demands of shareholders at the expense of other constituencies. |
|
|
