CHAPTER 5: Ethics, Corporate Social Responsibility, and Sustainability
Introduction
Ethics - accepted principles of right or wrong that govern...
Ethical strategy - a strategy, or course of action, that does not violate these accepted principles
Business ethics - accepted principles of right or wrong governing the conduct of business people
Ethical Issues in International Business
Environmental pollution
Corruption
Human rights
Moral obligations of multinational companies
Employment practices
Ethical Dilemmas: situations in which none of the available alternatives seems ethically acceptable
The Roots of Unethical Behavior
Organization culture
Unrealistic performance expectations
Decision-making processes
Leadership
Personal ethics
Societal culture
Philosophical Approaches to Ethics
Utilitarian And Kantian Ethics
Rights Theories
Straw men
Justice Theories
The Friedman Doctrine
Cultural Relativism
The Righteous Moralist
The Naive Immoralist
Utilitarian ethics - the moral worth of actions or practices is determined by their consequences
Kantian ethics - people should be treated as ends and never purely as means to the ends of others
human beings have fundamental rights and privileges which transcend national boundaries and cultures
focus on the attainment of a just distribution of economic goods and services
Managers Make Ethical Decisions
Organizational culture and Leadership
Decision making process
Hiring and Promotion
Ethics officer
Moral courage
Hire and promote people with a well grounded sense of personal ethics
Build an organizational culture that places a high value on ethical behavior
Identify stakeholders
Make sure that leaders within the business articulate the rhetoric of ethical behavior and act in a manner that is consistent with that rhetoric
Determine whether a proposed decision would violate the fundamental rights
Establish moral intent
Engage in ethical behavior
Audit decisions and review
the members of a profession
the actions of an organization
the conduct of a person