Ethical Model
Asserts that human beings have fundamental rights and liberties that cannot be taken away by an individual’s decision. Thus, an ethically correct decision is one that best maintains the rights of those affected by it
Moral-Rights Approach
The code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong.
Ethics
Businesses should be operated as a profit
Economic Responsibility
Universal Principle- the individual views appropriate conduct as determined by a person’s conscience, based on universal ethical principles
Level 6
What is the Code of Ethics?
A formal statement of a company's values concerning ethics and social issues
Holds that moral behavior produces the greatest good for the greatest number
The obligation of management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization.
CSR
Purely voluntary and is guided by a company’s desire to make social contributions
Discretionary Responsibility
Instrumental- where the individual becomes aware that others also have needs and begins to defer to them to get what the individual wants
Level 2
What are two types of ways code of ethics exist?
Principle Based Statements and Policy Based Statements
Holds that moral decisions must be based on standards of equity, fairness, and impartiality
Justice Approach
Groups having potential or real power to influence or be impacted by an organization’s decisions and actions.
Stakeholders
Businesses are expected to fulfill their economic goals within the framework of legal requirements
Legal Responsibility
Interpersonal- occurs when the individual considers appropriate behavior as what pleases, helps, or is approved by friends or family
Level 3
True or False, Having a strong code of conduct or code of ethics guarantees that companies won't get into ethical trouble or be challenged by stakeholders on ethical issues?
False- It does not guarantee it
Contends that acts are moral when they promote the individuals best long-term interests
Individualism Approach
An attempt to identify, measure, evaluate, report on and monitor the effects the organization is having on its stakeholders and society as a whole.
Social Audit
Behaviors that are not necessarily codified into law and may not serve the corporations direct economic interests
Ethical Responsibility
Obedience and Punishment- where the individual does the right thing mainly to avoid punishment or to obtain approval
Level 1
What company does Cengage use as an example that has a well-designed Code of Conduct?
Sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of the profession and larger society, taking the interest of all stakeholders into account
Practical Approach
T/F, Dr.Cameron ROCKS
True
T/F, Today we can obtain a profit and still maintain CSR?
True
Social Contract- the individual is aware that people hold a variety of conflicting personal views that go beyond the letter of the law
Level 5
If you see something that isn’t right you should….
Speak Up!