Chapter 3 Flashcards
Stakeholders
The people whos interests are effected by organizations
External Stakeholders
General Eviroment
Task Enviroment
Internal
Employees
Owners
Directors
Ethics
Standards of right/wrong
Value
Permanent
Value system
Financial Performance
Employee Relationship
4 Approaches to deciding ethical dilemma
UTILITARIAN
INVIDIDUAL
MORAL RIGHTS
JUSTICE
Utilitarian
Greatest good to most people
Moral Rights
Fundamental Rights
YOU HAVE THE RIGHT TO BE FREE
Justice Approach
Guided by respect for impartial standards of fairness
EQUALITY BECAUSE ITS FAIR!!!!!!!!
Sarbanes-Ox of 2002
Financial record keeping
Preconventional
follows the rules
Conventional
follows expectations
Post Conventional
guided by internal value
WHISTLEBLOWERS
Government tends to protect them