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Chapter 3
Lesson 2
14
Management
12th Grade
01/26/2015

Additional Management Flashcards

 


 

Cards

Term
Ethical Issues in Business
Definition
• CEO Pay / Wages • Sweatshops
• Outsourcing
• Environmental
• Religion at Work
• Brands and Marketing to Children
• Lying in Business
Term
Ethics
Definition
Are standards of right and wrong that influence behavior
Term
Values
Definition
Are relatively permanent and deeply held underlying beliefs and attitudes that help determine a person’s behavior

Organiza;ons may have two value systems that conflict:
1. The value system stressing financial performance, versus
2. The value system stressing cohesion and solidarity in employee relationships
Term
Societal Ethics
Definition
– Standards that govern how members of a society should deal with each other on issues such as fairness, justice, poverty, and the rights of the individual
Term
Professional Ethics
Definition
– Standards that govern how members of a profession are to make decisions when the way they should behave is not clear-cut –
e.g., medical & legal ethics
Term
Individual Ethics
Definition
– Personal values and attitudes that govern how individuals interact with other people
Term
Sources/Determinant’s of One’s Ethics
Definition
• People behave ethically because they have internalized certain values, beliefs, and norm
Term
How do People Learn Ethics? Kohlberg’s Theories
Definition
• Level 1, pre-conventional: One follows the rules
• Level 2, conventional: One follows the expectations of others
• Level 3, post-conventional: One is guided by internal values
Term
Ethical Dilemmas
Definition
• An ethical dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal
Term
Four approaches to deciding ethical dilemmas
Definition
1. Utilitarian
2. Individual
3. Moral Rights
4. Justice
Term
Utilitarian
Definition
– You are guided by what will result in the greatest
good for the greatest number of people
Term
Individual (or Egoism)
Definition
– You are guided by what will result in the individual’s best long term interest, which ultimately are in everyone’s self-interest
Term
Moral Rights
Definition
– You are guided by respect for the fundamental
rights of human beings
Term
Justice
Definition
– You are guided by respect for impartial standards of fairness and equity
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