What are Ethics?
What is the definition of ethics?
Moral principles, values, and beliefs that govern group or individual behavior according to what is right or wrong and what contributes to the balanced good of all stakeholders.
Have many preliminary questions for ethical decision making?
4
Does this following statement describe perfect or imperfect duties? “Moral obligations that are clearly articulated, such as a contract or verbal agreement”
Perfect Duties
When responsibility goes beyond the managers to the organization itself it is called _______.
Corporate Social Responsibility (CSR)
People who start a business for the dual purpose of profit & societal benefit are called _______.
Social Entrepreneurs
What are the 5 domains of ethical behavior?
Individuals, Organization, Stakeholders, Government, and Global Community
Type of ethics that refers to an organization's guidelines for ethical behavior
Code of conduct
What are the four primary components of an ethical framework?
Duties, rights, standards of excellence and commitments
With the ______ approach, a company accepts responsibility and takes action in response to societal pressures.
Accommodative
The people that offer anything from marketing and communications, executive coaching, and human resources to providing access to other contacts and potential funders.
Venture philanthropists
Some of the most widely publicized ethics violations have been committed by powerful what?
Business Leaders
Making decisions that do no harm others already at a disadvantage
Distributed justice principle
What are the three steps to applying the ethical framework?
Understanding the situation, connecting behaviors to standards, and impartial analysis
A form of social entrepreneurship in which both the venture mission and the market impact are for social purposes is called _____.
Enterprising Nonprofits
What is this describing? Planet Love Life is a type of this enterprising non-profit that sells bracelets made from salvaged fishing nets to highlight the negative impact of ocean plastic and donates a portion of the proceeds to selected nonprofit organizations
Earned-Income Activities