MGT100 - Topic 5
Accepts social responsibility and tries to satisfy prevailing economic, legal and ethical performance criteria.
Codes of Ethics
Written guidelines that state values and ethical standards intended to guide the behaviour of employees.
- Forced Labour
- Working Conditions
- Freedom of Association
Corporate Social Responsibility
The obligation of an organisation to act in ways that serve both its own interests and the interests of its stakeholders.
Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.
Seeks to protect the organisation by doing the minimum legally required to satisfy social expectations.
Assessing Social Performance
- Is the organisation’s economic responsibility met? Is it profitable?
- Is the organisation’s legal responsibility met? Does it obey the law?
- Is the organisation’s ethical responsibility met? Is it doing the ‘right’ things?
- Is the organisation’s discretionary responsibility met? Does it contribute to the broader community?
Is concerned that people are treated the same regardless of individual characteristics.
Is accepted as ‘right’ or ‘good’ or ‘proper’ in the context of a governing moral code.
Arises when action must be taken but there is no clear ‘ethically right’ option.
An attempt to impose your ethical standards on other cultures.
Sets standards as to what is good or bad, or right or wrong in a person’s conduct.
Seeks to help people understand the ethical aspects of decision-making and to incorporate high ethical standards into their daily behaviour.
Considers ethical behaviour as that which advances long-term self-interests.
The degree to which others are treated with dignity and respect.
Considers ethical behaviour as that which treats people impartially and fairly according to guiding rules and standards.
Expresses opinions and preferences to government officials.
Considers ethical behaviour as that which respects and protects the fundamental rights of people.
Avoids social responsibility and reflects mainly economic priorities.
Are directly affected by the behaviour of the organisation and hold a stake in its performance.
Meets all the criteria of social responsibility, including discretionary performance.
Is concerned that policies and rules are fairly administered.
A systematic assessment of an organisation’s accomplishments in areas of social responsibility.
Suggests ethical standards apply across all cultures.
Considers ethical behaviour as that which delivers the greatest good to the greatest number of people.
Broad beliefs about what is or is not appropriate behaviour.
Expose the misdeeds of others in organisations.
Conflicts of Interest
Factors Influencing Ethical Behaviour
MGT100 - Topic 5
MGT100 - Topic 5 (5)