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religion and ethics > Buisness ethics > Flashcards

Buisness ethics Flashcards

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1
Q

proponents of CSR argue

A

good ethics is good business because its profitable to have good public image and avoid regulation

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2
Q

ultintarians and kantians on ethics and buisness

A

should be some restrictions on business
-not all decisions profitable if against happiness of duty

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3
Q

Freidman on ethics and business

A

-ethics and business have nothing to do with each other
-business only responsibility maximise profit
-ethically good because its result of freedom and enabled economic growth

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4
Q

enviormental CSR

A

-reduce pollution
not recycling
-rely on renewable resources
-carbon neutral

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5
Q

community CSR

A

-respect human rights
-avoid exploitation
-donate money
-health of workers, wage

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6
Q

ESG

A

enviormental, social governance
-governance adds requirment to avoid political corruption like bribery

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7
Q

benefits of CSR

A

allow a business to maximise profits by minimising risks and doing well
-improves public relations

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8
Q

utilltarianism on CSR

A

-free market best way to maximise happiness
-accept CSR because damage of happiness because of climate
-free market best for humans and any restrictions on business which would interfere that not good

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9
Q

free market capitalism

A

only responsibility of a business is to maximise profit for its shareholders

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10
Q

kantian ethics on CSR

A

second formulation says dont treat people as means
-basic respect to employees and stakeholders
-avoid exploitation
-safe work enviorment- no fraud
-all of these community CSR
-no pollution- envio CSR

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11
Q

CSR and window dressing

A

friedman- CSR becomes window dressing
-centre left regard CSR as window dressing
-business that engages in CSR for PR unethical

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12
Q

profit maximisation criticism of CSR

A

-business only give calculated profit to charities to gain public opinion for more profits
-if they found out about inequality public might vote for left wing parties who would make business pay more than CSR

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13
Q

globalisation

A

-business are global entities in multiple countries
-economies-markets- cultures integrated

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14
Q

problem with globalisation

A

-cause violation of CSR and undermine free market
-more money= power
-power pressures people/ govs
-violate CSR in developing countries

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15
Q

offshore outsourcing

A

business build products in factories in third world countries
-more jobs from western countries to other countries= unemployment

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16
Q

issue of monopolies

A

if business gains enough power over market- they can rig system to reduce competition
-when business has dominance and without competition market has no innovation and economic progress

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17
Q

governemts and globalisation

A

-business more powerful than politics
-no ones democratically elected
-corporations effect law or campaigns
-business manipulate market for its benefit = monopoly

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18
Q

utilltarianism on globalisation

A

-would be against aspects of it which undermine free markets- such as power it has given to business over policy making
-might accept off shore outsourcing- happiness maximised

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19
Q

kant on globalisation

A

-can cause all of CSR duties to be violated

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20
Q

whistleblowing

A

-when someone- employee leaks information of wrongdoing of company

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21
Q

face book case study- whistleblowing

A

frances haugen leaked facebook files
-acknowledges it makes body issues worse for one in three teenage girls

22
Q

ad and disad to whistleblowing

A

-ad- negative practise of business brought to surface
-disad- suffer financial loss- loss of jobs
-company doing good also stopped

23
Q

utilltarianism on whistleblowing

A

-acts says its morally right depending on situation
-is more happiness then good

24
Q

kant on whistleblowing

A

lying cant be universalized so never right
-against lying to cover up business practices
-dont lie so whistle always right
-never treat people as means so right to whistleblowing

25
Q

sweatshops

A

-factory where children and adults work =- unsafe conditions- long hours

26
Q

sweatshops and CSR

A

-responsibility of business to ensure non of products from sweatshops

27
Q

sweatshops and whistleblowing

A

-if company sourcing products from sweatshops then valid reason to whistle blow

28
Q

sweatshops and globalisation

A

sweatshops result of offshore outsourcing which is consequence of globalisation

29
Q

ultintarian defence of sweatshops

A

William masaskill- boycotting sweatshops will take away working opportunities people have
-they at least earn some money
-if we demand good treatment then business would lose profit and close them
-for globalisation and agaisnt whistle and CSR

30
Q

primark case study

A

primark has exploitative factories in third world countries
-payed people for little hours
-in response primark cut ties with those suppliers

31
Q

criticism- utilltarianism justifies bad actions

A

not with basis for human rights which are deontological- right must be respected regardeless of consequence
-human rights influenced by kants formula of humanity

32
Q

mills harm principle as defence

A

-society will be happiest of rule of not harming others followed
-does expolitation count as harm
-sweatshops permissible- fed and allowed to leave
-child labour not
-

33
Q

what does utlitarisniam require

A

-we can know and predict consequences
-make compelx calculations
-calculations include objective measuring
mental state like pleasure and pain

34
Q

calculations to CSR

A

-effects of CSR hard to predict
-both how they might negatively cost business and how positive it may effect society

35
Q

calculation on globalisation

A

effects hard to predict
-hard to say how much poverty off shore outsourcing may prevent

36
Q

calculations and whistleblowing

A

-possible for business to lose employees or go bankrupt
-hard to know if it would maximise happiness or not

37
Q

benthams response to calculations

A

-action right regarding tendency which it appears to have to maximise happiness
-only need to have reasonable expectation of what consequences will be based on actions in past

38
Q

mills response to issue of calculation

A

mills version avoids calculation
-only need to know secondary principle society had judged best conducts for happiness
-moral obligation- do our best to follow principles to happiness in society

39
Q

kant consequences and whistleblowing

A

-some cases have bad consequences
- workers lose job and starve
-kant says dont lie even if people die
-globalisation has good consequences

40
Q

response of kant and criticism of kant

A

-kant- wre cannot predict or control consequences
-we can to some degree and we are morally responsible for consequences

41
Q

intention and consequantalism

A

-only think about consequences but not with intention carried out actions
-kant says moral intention relevant to goodness of action

42
Q

intention and CSR

A

-ultintarianism wouldnt care about business engaging in CSR or PR out of greed
-if it has good consequences its morally good

43
Q

whistleblowing and intention

A

-person might only do it to bring down rival company
-kant wouldnt have this issue because we must act out of good intention

44
Q

mills response to kants intention

A

-persons character matters because it determines future actions
-having good character helps you be happy
-motives matter ethically
-only if they result in good consequences
-not intrinsically

45
Q

kant response and lead critique to kant

A

kant would say greed itself should be seen as morally deficient
-leads- its impractical to think humans can think without emotion
-utiltarianism accepts avoiding negative and gaining positive out goal

46
Q

adam smith and capitalism

A

-argued when people follow their rational self interest in free market result is economic prosperity which benefits society
-free market people gain money y providing product
-origin of view good business decisions have positive social results and linked to good ethics

47
Q

ultintarianism on capitalism and business ethics

A

bentham influenced by adam smith- accept general happiness maximised by leaving markets free
-mill and bentham thought restrictions needed to be placed to direct happiness where it failed to

48
Q

kant on capitalism and business ethics

A

kant influenced by adam smith- agreed division of labor important for progress
-involved individuals pursuing rational self interest- good
=contractual agreements- ends not means

49
Q

ultitarianism summed up

A

CSR is generally good and if globalisation detracts from CSR its bad

50
Q

kant view summed up

A

CSR is our duty and globalisation which undermines CSR is wrong

51
Q

Friedman on CSR and globalisation

A

-profit main focus
-rejects both approaches
-not good to apply restrictions
-capitalism = freedom
-poverty 70% in 1960 to 17% in 2012
-europe more equal than USA but less innnovative

52
Q

criticism on friedman

A

0thinks freedom is good but leads to monopolies under globalisation
-monopolies undermine innovation and freedom
-free market unstable- rigging= power

religion and ethics (6 decks)

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