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| MORALS and VALUES that govern the actions and decisions of an individual or a group |
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| society’s standards and values that are ENFORCEABLE in court |
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| consists of the “effective rules of the game, the boundaries between competitive and unethical behavior, and the codes of conduct in business dealings. Ethical exchanges between sellers and buyers should result in both parties being better off after a transaction. |
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codified the ethics of exchange between buyers and sellers, including right to:
1. Safety
2. Be informed
3. Choose
4. Be heard |
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| clandestine collection of trade secrets or proprietary information about a company’s competitors |
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| reflects the shared values, beliefs, and purpose of employees that affect individual and group behavior. |
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| reflects the shared values, beliefs, and purpose of employees that affect individual and group behavior. |
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| formal statement of ethical principles and rules of conduct |
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| employees who report unethical or illegal actions of their employers |
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| moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome |
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| moral philosophy that focuses on the “greatest good for the greatest number” |
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idea that organizations are part of a larger society and are accountable to that society for their actions. There are three concepts of social responsibility:
Profit Responsibility
Stakeholder Responsibility
Societal Responsibility (environment and public) |
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| marketing efforts to produce, promote and reclaim environmentally sensitive products. |
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| tying the charitable contributions of a firm directly to sales produced through the promotion of one of its products (ex. P&G donates to charity when their product is bought) |
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