Common Ethical Issues Flashcards
Ethics
Principles that serve as a compass about how to behave
Legal
An act that is allowed or is in conformity with the law of the land
Legal-ethical
When the law and personal or organizational ethics are in accordance with each other
Legal-Unethical
Dilemma in which established laws are not in accordance or do not uphold the ethical choice
Illegal-Ethical
Dilemma in which the ethical choice would be in violation of established laws
Personal Ethics
Codes, principles, and values that shape people’s interactions with others
Values
Stable life goals that people have that reflect what is most important to them
Morals
Rules people develop as a result of cultural norms and values and are, traditionally passed down through generations and characterize a cultural group
Organizational Ethics
a branch of applied ethics that focuses on rules, principles, and standards in the context of business activities.
Societal Issues
- Concerns issues relating to the world as a whole
- Involvement happens because of the ethics the organization creates out of care and concern for individuals.
Stakeholder Issues
Concerns policies that affect its customers, employees, suppliers, and people within the community
Internal Policy Issues
- Concerns internal relationships between a company and its employees
- Examples include fairness in management, pay, and employee participation.
Personal Issues
- Concerns how people treat others in their organization
- Examples include gossiping at work or taking credit for another’s work.
Corporate Social Responsibility (CSR)
Philosophy in which a company voluntarily engages in actions that benefit society, be it economically, socially, politically, or environmentally
Greenwashing
When organizations carry about CSR missions in an inauthentic way, using them to increase publicity rather than to spur real change
