Chapter 6 Ethics And Social Responsibility Flashcards
Business ethics
Business ethics are defined as the leaves about appropriate behavior in the workplace
Morals
Morals are fundamental values that societies in part to their members about right and wrong
Laws
Limited set of rules for living maintained by the government
Utilitarian
Yes ethical framework focuses on the outcomes or consequences of decisions and is based primarily on costs and benefits
Universalisim
Universalism looks at the means and intentions, stating that the ends are not most important role of the duties and obligations followed in getting there
Justice
Justice approach assumes that all should be treated with fairness and impartiality. Rules and procedures should guide actions
Economic responsibility
This responsibility is to produce goods and services desire by society to earn profit
Legal responsibility
Operate lawfully in conformance with laws and regulations
Ethical responsibility
Actions be on the lot that I expected such as fair treatment of employees
Discretionary responsibility
Activities beyond the previous categories. Examples include providing job training for the unemployed, take your services, and having employees from his mentors in the area schools
Four areas of performance
For areas for mice are social metrics, social enterprise, corporate engagement and governance, environmental innovation
Social performance metrics
Trust and transparency, reporting and standards, measurement and metrics
Social enterprise
Business ventures designed to integrate social mission with profit, socially responsible investing, venture philanthropy, access to capital
Engagement and governance
Codes of conduct, business principles, stakeholder engagement, human rights in labor issues, governance models, global responsibility.
Environmental innovation
Sustainable development, natural capitalism, environmental market opportunities and management
