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| defines employee behavior in the internal environment and how well organization will adapt to the external environment |
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| the code of moral principles and values that govern the behaviors of a person or group with respect to what is right or wrong |
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| Human behavior falls into 3 categories |
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| domain of codified law, domain of ethics, and domain of free choice |
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| a situation concerning right or wrong when values conflict |
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| utilitarian, individualism, moral rights, justice, virtue ethics, and practical approach |
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| moral behavior produces the greatest good for the greatest number |
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| acts are moral if they promote the individual’s long-term interest |
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| humans have fundamental rights and liberties that cannot be taken away by an individual’s decision |
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| moral decisions must be based on standards of equity, fairness, and impartiality |
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| moral behavior stems from personal virtues |
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| bases decisions on prevailing standards, society, and all stakeholders |
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| what are the 3 levels of moral development |
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| preconventional, conventional, and postconventional |
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| follows rules to avoid punishment, acts in own interests, and is obedient for own sake. |
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| lives up to expectations of others, fulfills duties and obligations of social system, and upholds laws. |
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| follows self-chosen principles of justice and rights, aware that people holds different values, balances concern for individual with concern for common good. |
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| how to challenge the boss on ethics |
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Definition
| Do your research,Begin the meeting by giving your boss the floor, Pay attention to your word choice and demeanor, Take care how you suggest your alternative situation, Be patient |
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| management’s obligations to make choices and take actions that will contribute to the welfare and interests of society as well as the organization |
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| any group within or outside the organization that has a stake in the organizations performance |
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| economic development that generates wealth and meets the needs of current generations while saving the environment so future generations can meet their needs as well. |
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| - advocated by Milton friedman argues, argues that corporations should be operated on a profit oriented basis, with its sole purpose is to increase profits |
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| who advocated the profit maximizing view |
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| a formal statement of the companies values concerning ethics and social issues. |
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