Chapter 5- Ethics in IB Flashcards
noble and honorable behavior “honorable or benevolent behavior”
noblesse oblige
everyone in the company is doing it so it is okay
behavioral ethics
revealed truths from religion or philosophical, antithetical to our legal rights based system; you have obligations towards others
duty based ethics
like the ten commandments; often duty based but with specific things
religions ethical standards
use this when considering an ethical dilemma
compassion
what did the Kitty Genovese case show
that we are a rights based society especially when it comes to legal matters
people have a right to be treated with respect; they are not a means to an end; are endowed with humanity and dignity
Kantian ethics- developed by Emmanuel Kant
if everyone else in society is confronted with the problem and everyone else does what you are about to do is that good or bad
Kant’s Categorical Imperative
what two ethical theories are very similar
Kantian ethics and duty based ethics
a duty cannot exist without a corresponding right; agree to do things ethically because we want to be treated the same way
principle of rights
outcome based; all about the consequences; cost-benefit analysis; are consequences predominately good; works well in collectivist societies
utilitarianism
certain rights are inherent by virtue of human nature and are universal; morality comes from people’s basic rights
natural law tradition
“the only social responsibility of business is to increase profits so long as the company stays within the rule of law”
Milton Friedman; is it proper for a business to spend on social causes when instead they could do dividends and share holders could decide how to use it
coined phrase trickle down economics; Ronald Reagan’s favorite economist
Milton Friedman
what should a business consider when thinking about whether or not to donate to social causes
is it making the company more profitable or making people buy more of your product
when in Rome, do as the Romans do
moral, ethical, or cultural relativism
what is a risk factor of cultural relativism
enlightened self interest
how does it play out back in your own home even if its ethical and legal in the country where you are; how will your domestic customers react
enlightened self interest
US law passed to help with international ethics dilemmas
Foreign Corrupt Practices Act
British law passed to mediate ethics dilemmas
UK Bribery Act of 2010
international law passed to help with international ethical dilemmas
Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
I am going to do in this country what I do in mine; doing the moral thing but may suffer for it
righteous moralist
forcing our morals on the rest of the world through laws and our standards
moral imperialism by Henry Kissinger
Nike sweatshop; was doing nothing illegal but need the children; how do they solve
set up a school for all boys and girls beyond the age of 12
framing
do you say 25% less fat or 75% fat; which one is more appealing
why do some countries get in big ethical dilemmas like Enron did and UBS financial services in the MC
the organizational culture of the company was one that either promoted or turned a blind eye to those activities
what is a downfall of human nature when it comes to doing the right or moral thing
conformity bias; that is why we don’t speak up even if we see something that is wrong
the tendency to use different moral standards for different roles
role morality
