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11 Cards in this Set
- Front
- Back
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What are ethics |
Code of marl principles and values that governs behavior |
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What are the different approaches for ethical decision making |
1. Utilitarian Approach 2. Individualism Approach 3. Moral-Rights Approach 4. Justice Approach |
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What is the utilitarian approach |
Greatest good to the greatest number of people |
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What is the individualism approach |
Acts are moral when they promote the individuals long-term interest |
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What is the moral-rights approach |
Decisions respect the fundamental rights and liberties of all people |
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What is the justice approach |
Moral decisions based on standards of equity, fairness and impartiality |
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What factors affect the ethical choice |
The individual manager The national culture The organisation The values of the org |
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What are Kohlberg's levels of moral development |
-Pre Conventional Follows rules to avoid punishment --> acts in own interests and obedience for its own sake -Conventional Lives up to expectations of others, fulfills duties and obligations of social system and upholds laws -Post-conventional Follows self chosen principles of justice and right, aware of differences and balances concern for individual with common good |
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What is the definition of corporate social responsibility |
Obligation of management of an org to make decisions that enhance welfare and interests of society as well as the org. |
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What does CSR represent |
TRIPLE BOTTOM LINE IS INTEGRAL A shift from classical economic perspective on orgs to a stakeholder perspective (social orientation) |
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What are the different organisational responses to social demands |
Proactive response - respond to public interests without external pressure Accommodative response - Accepts social responsibility to comply with public interests Defensive Response - Admits some errors, defends self but does not obstruct, wants to meet economic and legal responsibilities Obstructive Response - Denies responsibility and obstructs investigation --> meet economic responsibilities only |
