Term
| Ethical Issues in Business |
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Definition
• CEO Pay / Wages • Sweatshops
• Outsourcing
• Environmental
• Religion at Work
• Brands and Marketing to Children
• Lying in Business |
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Term
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Definition
| Are standards of right and wrong that influence behavior |
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Term
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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 |
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Term
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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 |
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Term
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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 |
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Term
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Definition
| – Personal values and attitudes that govern how individuals interact with other people |
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Term
| Sources/Determinant’s of One’s Ethics |
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Definition
| • People behave ethically because they have internalized certain values, beliefs, and norm |
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Term
| How do People Learn Ethics? Kohlberg’s Theories |
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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 |
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Term
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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 |
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Term
| Four approaches to deciding ethical dilemmas |
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Definition
1. Utilitarian
2. Individual
3. Moral Rights
4. Justice |
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Term
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Definition
– You are guided by what will result in the greatest
good for the greatest number of people |
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Term
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Definition
| – You are guided by what will result in the individual’s best long term interest, which ultimately are in everyone’s self-interest |
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Term
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Definition
– You are guided by respect for the fundamental
rights of human beings |
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Term
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Definition
| – You are guided by respect for impartial standards of fairness and equity |
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