mgmt test #2 section #4

  1. steps to ethical decision making
    • 1. understand all moral standards and recognize all moral impacts (benefit some, harm others)
    • 2. define moral problem
    • 3. define economic outcomes (regal requirements/evaluate ethical duties)
    • 4. propose convincing moral solution (awareness, judgement, character)
  2. moral awareness
    realizing the issue has ethical implications
  3. moral judgement
    knowing what actions are morally defensible
  4. moral character
    the strength and persistence to act in accordance with your ethics despite the challenge
  5. economic responsibilities
    produce goods and services that society wants as price that perpetuates the business and satisfies its obligations to investors
  6. legal responsibilities
    obey local, state, federal and relevant international laws
  7. ethical
    include meeting other societal expectations not written as law
  8. philanthropic
    additional behaviors and activities that society finds desirable and that the values of the business support
  9. empathy
    feeling your decisions as potential victims might feel them
  10. generativity
    learning how to give as well as take
  11. mutuality
    viewing success not merely as personal gain but common victory
  12. civil aspiration
    thinking not just in terms of "don'ts' but also positive contributions
  13. intolerance of ineffective humanity
    speaking out against unethical situations
  14. contrasting views
    profit maximization versus the social good
  15. reconciliation
    integration of social responsibility with corporate strategy
  16. outsourcing
    contracting with an outside provider to product one or more of an organization's goods and services
  17. offshoring
    moving work to other countries
Card Set
mgmt test #2 section #4
mgmt test #2 section #4