Term
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Definition
| private corps have responsibilities to society that extend beyond making a profit. |
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Term
| Carroll Four Responsibilities of Business |
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Definition
1)Economic (must)
2)Legal(Have to)
3)Ethical(Should)
4)Discretionary(Might) |
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Term
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Definition
| goodwill of key stakeholder (Can be used for comp. adv.) |
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Term
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Definition
| overarching strategy that explicitly articulates the firm's ethical relationship with stakeholders) |
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Term
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Definition
Ident/evaluation of corp. stakeholders
1)identify primary (employees, customers, suppliers, shareholders, creditors)
2)Secondary Stakeholders (indirect stake), nongov't orgs, local communities, competitors, gov't.
3)Estimate effect from any decision |
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Term
| Reasons for Unethical Behavior |
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Definition
-Relationship-based countries are less transparent, more corruption
-different values between people and key stakeholders
-pressure to reach expectations |
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Term
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Definition
| morality is relative to some personal, social, or cultural standard and that there is no method for deciding whether one decision is better than other |
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Term
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Definition
| right to run own lives, all moral decisions are personal. common excuse when not taking action when observing others lying or cheating |
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Term
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Definition
| Social roles carry certain obligations. Act in best interest of unit. |
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Term
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Definition
| following norms of an individuals peer group. decision is legitimate if it is common practice. |
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Term
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Definition
| relative to particular culture. "When in Rome" |
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Term
| Kohlberg's levels of moral development |
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Definition
1)Preconventional-concern for self, evaluate decisions based on personal interest
2)Conventional-consideration of society's laws/norms, justified by external code of conduct
3)Principled Level-adherence to internal moral code, find universal values or principals |
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