ETHICS AND STAKEHOLDERS

A.Managers are as people
1. 1.Organizational stakeholders.
2. 2.Managers are the stakeholder group that determines which goals an organization should pursue.
3. 3.Ethics.
B.What Behaviors Are Ethical?
1. 2.Ethical issues are difficult when the manager’s decision is not governed by legal requirements
2. 1.Manager balance or apportion harms and benefits among stakeholder groups.
3. 3.Managers face many ethical choices.
C.Why Would Managers Behave Unethically toward Other Stakeholders?
1. Unethical behavior is behavior that falls outside the bounds of accepted standards
D.Why Should Managers Behave Ethically?
1. 1.Managers and other stakeholders must strongly resist pressures to behave unethically and to ignore widely accepted societal standards and values because of the harm that unethical behavior inflicts on others.
2. 2.Reputation.
E. Sources of an Organization’s Code of Ethics.
1. 1.Societal ethics are standards that govern how members of a society deal with each other in matters involving issues such as fairness, justice, poverty, and the rights of the individual.
2. 2.Professional ethics are standards that govern how members of a profession, managers or workers make decisions
3. 3.Individual ethics are personal values (both terminal and instrumental) and attitudes that govern how individual interact with other people

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