Foundation of ethical behavior3 levels | Preconventional, Conventional, Postconventional (autonomous, principled) | Teleological approach | decisions based on consequences | Utilitarianism | Decides based on action for greatest amount of good | Deontological approach | Moral judgments are made and moral reasoning occurs independently of consequences |
Labor issuesWages, child workers, conditions for workers, hours, freedom of association |
Child labor250 million + children 5-17 work | Some companies wont trade, others are trying to establish responsibile policies (IKEA) |
Corporate responses to globalizationUN Global Compact | establishes guidelines for appropriate behavior in human rights (labour, enviro, anti-corruption) |
| | Company benefits of ethical behavCompetitive advantage | Avoid bad image |
Cultural and legal foundationsRelativism | Ethical truths depend on the groups holding them | Normativism | there are universal standards of behavior that all cultures should follow | Law is inadequate | Unethical not always illegal, laws slow to develop, not efficent, subject to courts, based on imprecise morals | Legal justification is appropriate | Law = many of a countys morals, clearly defined rules, enforcable to all, reflects careful and wide discussions | Extraterritoriality | Imposing domestic legal and ethical practices in foreign headquarteres |
Ethics future trendsIncrease in good conduct due to transperancy | Individuals will develop skills to address ethical issues | Social media will impact | Better leaders will impact |
| | Corruption and BriberyCorruption | Misuse of power for gain | Bribes | Common in govs and to public officals. Common in Russia, China and Italy |
Importance of social responsibilityThe environment | Protect air, soil and water from contamination during manufacturing | Natural resources | Preserve non renewable, and use renewable | Sustainability | Meeting needs of present without compromising the ability of future generations to do so | Kyoto Protocol | Signed to require countries to cut greenhouse gas emissions to 5.2% below 1990. Some are doing more some have not ratified (US, China, India) |
Motivation for corp responBad behaviour consequences | Legal, boycotts, low morale, drops in sales | Code of conduct | Sets expectations, communicates them, ensures followed through, reports to external stakeholders |
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