Business Ethics & Values
This ethical framework focuses on the consequences of an action, aiming to produce the "greatest good for the greatest number of people".
What is utilitarianism?
Unlike the narrow view that a corporation's sole duty is to maximize profits for this specific group modern, social forces emphasize a broader multi-stakeholder approach.
Who are the shareholders (or stockholders)?
This foundational constitutional principle divides power among the legislative, executive ,and judicial branches to prevent any single branch from gaining absolute control.
What is the separation of powers?
This amendment Protects citizens (and corporations to a certain extent) against unreasonable searches and seizures and requires warrants to be supported by probable cause
What is the 4th Amendment?
Under this ethical theory, individuals have fundamental rights and duties that must be respected regardless of the financial or practical outcome.
What is deontological (rights-based) ethics or duty-based ethics?
This social force involves shifting demographic trends, consumer expectations, and cultural values that pressure businesses to adapt their policies.
What are social forces/ cultural trends?
This clause in Article I section 8 of the Constitutional grants Congress the power to regulate commerce among the several states, serving as the basis for much federal business regulation
What is the Commerce Clause?
Commercial speech- such as business advertising- receives protection under the specific amendment though it is subject to More government regulations than non commercial speech
What is the First Amendment?
This corporate practice involves companies going beyond legal compliance to proactively manage their impact on society, the environment, and stakeholders.
What is Corporate Social Responsibility (CSR)?
This type of corporate response To social demands involves a business doing as little as possible and only changing behavior when forced by direct government regulations or public outcry.
What is a reactive social strategy (Or obstructionist/defensive response)?
This doctrine dictates that when federal and state laws conflict federal law takes precedence, and state laws that interfere with federal objectives can be invalidated.
What is the Supremacy Clause?
Found in both the 5th and 14th Amendments this clause ensures that the government cannot deprive any person of life liberty or property without fair legal procedures
What is the due process clause?
This well known model business decision making ask whether an action is legal balanced and how it would make you feel if it appeared publicly on the front page of a major newspaper
What is the front -page- test/ the Blanchard Dash- Peale (or Laura Nash )ethical check model
When a company anticipates social pressures and voluntarily takes leadership on issues like environmental sustainability or community development it is employing this type of strategy
What is a protective social strategy?
This constitutional provision prevents states from passing laws that unreasonably burden or discriminate against Interstate commerce even if Congress has not enacted a legislation on that specific matter
What is the Dormant Commerce Clause( or negative commerce clause)?
This clause of the 14th Amendment prohibits states from the denying any person within their jurisdiction equal protection of the laws, heavily shaping civil rights and business anti -discrimination regulations
What is the equal protection clause?
This well known model or test for business decision making ask whether an action is legal balanced and how it would make you feel if it appeared publicly on the front page of a major newspaper
What is the front page test?
When a company anticipates social pressures and voluntarily takes leadership on issues like environmental sustainability or community development it is employing this type of strategy
What is a proactive social strategy?
This constitutional provision prevents states from passing laws that unreasonably burden or discriminate against Interstate commerce even if Congress has not enacted legislation on that specific matter
What is the dormant Commerce Clause( or Negative Commerce Clause)?
This clause of the 14th Amendment prohibits states from denying any person with their jurisdiction equal protection of the laws heavily shaping civil rights and business anti discrimination regulations
What is the equal protection clause?