Business ethics: A comparative approach Flashcards
Concept and importance of business ethics
Europe: Who is responsible for ethical conduct in business?
Social control by the collective
US: Who is responsible for ethical conduct in business?
The individual
Asia: Who is responsible for ethical conduct in business?
Top management
Europe: Who is the key actor in business ethics?
Government, trade unions, corporate associations
US: Who is the key actor in business ethics?
The corporation
Asia: Who is the key actor in business ethics?
Government, corporations
Europe: What are the key guidelines for ethical behaviour?
Negotiated legal framework of business
US: What are the key guidelines for ethical behaviour?
Corporate codes of ethics
Asia: What are the key guidelines for ethical behaviour?
Managerial discretion
Europe: What are the issues in business ethics?
Social issues in organising the framework of business
US: What are the issues in business ethics?
Misconduct and immorality in single decisions situations
Asia: What are the issues in business ethics?
Corporate governance and accountability
Europe: What is the dominant stakeholder management approach?
Multiple stakeholder approach
US: What is the dominant stakeholder management approach?
Focus on shareholder value
Asia: What is the dominant stakeholder management approach?
Implicit multiple stakeholder approach, benign managerialism
