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Unit 3 - Ethics - Coggle Diagram
Unit 3 - Ethics
- Decision Making Processes
- Overlooked ethical considerations, decisions based on economic logic
- Moral compass: Ethical decision gauge.
• does my decision fall within the accepted values of standards that typically apply in the organizational environment?
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- Standards dilemma: Home vs. host nation.
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- Ethics: Right/wrong principles.
- Business ethics: Conduct principles for business people.
- Ethical strategy: Actions aligning with principles.
- Ethics of government payments for business.
- Laws against bribery: Foreign Corrupt Practices Act, OECD convention.
- Debate on bribery's economic impact.
- Ethics of polluting in less regulated nations.
- Tragedy of the commons: Shared resource degradation.
- Situations with no clear ethical path.
- Dilemmas / paradoxes: Decision-making conflicts.
- Business ethics reflection of personal ethics.
- Expatriate challenges:
Distance from home culture.
psychologically and geographically distant
- Most Common: Employment, human rights, environmental regulations, corruption, multinationals' obligations.
- Responsibility in rights-lacking countries.
- Social responsibility: Considering economic actions' social consequences.
- Roots of Unethical Behavior
- Manager Influences: Personal ethics, decision processes, culture, expectations, leadership.