8: Ethics

Question 1

Two types

Answer 1

Conflict between different beliefs and values

Conflict between ethical imperatives and institutional requirements

Question 2

Universalism

Answer 2

Truth is absolute, right or wrong determined by laws, religion, rules

Question 3

Particularism

Answer 3

Truth is subjective, right or wrong determined by circumstances and relationships not just laws

Question 4

Ethnocentrism

Answer 4

Companies apply standards of morality from home country. My culture is always best

Question 5

Cultural relativism

Answer 5

Regarding elements of a culture from the viewpoint of the culture. Every culture is valid

Question 6

Cyclic approach

Answer 6

Ethical beliefs + values - normative (moral) influences on instrumental requirements - institutional requirements - social control, stability + continuity

Question 7

Globe attributes of ethical leaders

Answer 7

Character and integrity, altruism, encouragement, collective motivation

Question 8

Invisible hand theory

Answer 8

Under capitalism, those to pursue their own good tent also too good for their own communities – multinational enterprises have positive impact on developing countries

Question 9

Carrols CSR pyramid

Answer 9

Economic, legal, ethical, philanthropic responsibility

Question 10

OECD guidelines for ethical management

Answer 10

Against bribery and corruption, fair employment practices, environmental stewardship, tech transfer, fair competition, fair consumer protection