Principle of Management Chapter 5
the moral principles and standars that guide behavior in the world of business.
Ethical principles established by international executives based in Caux, Switzerland, in collaboration with business leaders from Japan, Europe, and the United States.
Compliance-based ethics programs
Company mechanisms typically designed by corporate counsel to prevent, detect, and punish legal violations.
Corporate socail responsibility
Oligation toward society assumed by business.
Its goal is the creation of sustainable economic developement and improvement of quality of life worldwide for all stakeholders.
to produce goods and services that society wants at a price that perpetuates the business and satifies its obligations to investors/
An ethical system defining acceptable behavior as that which maximizes consequences for the individual.
In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong.
Situations, problem, or processes by which maximizes consequences for individual must be evaluated as morally right or wrong.
One who is both a moral person and a moral manager infleuncing others to behave ethically.
Meeting other social expectations, not written as law.
The system of rules that governs the ordering of values.
Integrity-based ethics programs
Company mechanisms designed to instill in people a personal responsibility for ethical behavior.
Kohlberg’s model of cognitive moral developement
Perspective that what is moral comes from what a mature person with good moral character would deem right.
To obey local, state, federal, and relevant international laws.
A process of analyzing all inputs and outputs, through the entire cradle to grave life of a product, to determine total environmental impact.
Principles, rules, and values people use in deciding what is right or wrong.
Additional behaviors and activities that society finds desirable and that the values of the business support.
Philosophy that bases ethical behavior on the opinions and behaviors of relavant other people.
Sarbanes Oxley Act
an act passed into law by Congress in 2002 to establish strict accounting and reporting rules in order to make senior managers more accountable and to improve and maintain investor confidence.
Economics growth and developement that meet present needs without harming the needs of future generations.
An education with five higher goals that balance self-interest with responsibility to others.
An ethical system stating that all people should uphold certain values that society needs to function.
An ethical system stating that the greatest good for the greatest number should be the overriding concern of decision makers.
Classification of people based on their level of moral judment.