Ethical behaviours is
which is accepted as
good or bad
Factor that contribute is the family influence, religious
views, personal standards, personal needs. government
laws, norms and values of society, and competion in the
industry.
because something is
legal doesnt make it
ethical
utiltarian view - greatest good to the
greatest amount of people
individualism- service the self interst
of the individual
Ethical delmma occurs when one person must choose a behviour
Rationalisation
include
conviencing
yourself the
behviour is illegal,
that it is in
everyone best
interest, no one
will find out,
thinking the
employer will
protect you.
value systems -
set of personal
principles
formalized into
a code of
behaviour
golden rule- do unto others
as you would have them do
unto you.
lawerence - preconventional, concentional and postconventional
business ethics
code of ethics- a
written
statement of an
organisations
values and
ethical principle
which guides the
behavour in
situations
mission, values and principles
approachable in
2 way 1.
descriptive-
documentaiton
of what
happening. 2.
normative - what
should happen
Ethical dilemma- end based- greatest good for the
greatest amount of people. rule based - what would
happen if everyone made the same decision, and the
golden rule- would you do it to yourself
organisational ethics
organisational culture -
values, beleives and
norms that all
employees of that
organisation share.
value chain- turning inputs into outputs
CSR
obligaiton of the
organisation to act in way
that services the
shareholders and society.
Views on CSR - CLASSICAL VIEW - they beleive they only
have a responbility to the shareholders.
SOCIOECONOMIC - Concerned with the broader social
welfare as well as the profit to the shareholders.
5 driving forces - 1.
transprancey 2. knowledge 3.
sustainablity 4. globalization
5. failure of the public sector
comply or else-
receive financial
penalities who dont
obeyed set of rules .
CRAFTED -
Consistency
Responsbility
Accountabiltiy
Fairness Transpency
and effectivness is
deployed throughout
the organisation
Corporate
governance
process by
which
organisation are
directed and
controlled
the audit
commitee-
overseas
financial
reporting
process
compensation - oversees packages for senior executive
Whistle Blowing
is a person that
exposes the misddeed
of other in organisation
to perserve ethical
standards and protect
against wasteful,
harmful, or illegal acts.
you can have internal and
external whistleblowing.
Internal - whistleblow to
someone in the organisation.
External - they whistleblow to
someone outside the company
such as law enforcement
agencies.
people may do
this because of
moral or
integrity. it can
also be used as
revenge
Diversity and discrimination
can be defined as a set of moral princples it guides the behaviour of a group