Ethics Flashcards
How can a firm manage diversity?
Must be overall strategy - continuous process not one off
Clear that it’s everyone’s responsibility
Communicate and train
Measure, review and reinforce
What are the benefits of managing diversity?
People want to work for a company with good values
Market competitiveness
Corporate reputation
What are the benefits of a code of conduct?
Foote - provides guidance when difficult to know which action will benefit all stakeholders
What problems are associated with a code of conduct?
Can’t cover every situation
Wiley - role modelling and clear commitment from top essential
What is diversity management?
Hays & Thomas
Use of processes and strategies to make differences among people an asset
What are the problems of positive discrimination?
Those seen to be filling quotas will face assumptions about their ability
Patronising to whole group
What are some reasons for positive discrimination?
Boatwright
Compensation to make up for long term discrimination
Equality and closing gap
Means of addressing urgent social problems
What is positive discrimination?
Example?
Groups given preferential treatment to address previously unfair distribution
Norwegian government - at least 40% of board seats in public companies held by women
What does Noon say?
What does Von Bergen say about equal opportunities?
Noon - people should be recruited on their ability to do the job and nothing else
Von Bergen - by ruling out a group, deprive of pool of talent which leads to non engagement and non optimal performance
What role can HR play in ethics?
Ensure statutory obligations are met
Integrate values into culture
Influence management
Use it to attract, recruit and retain
What does CSR involve?
Reporting on triple bottom line
Economic results
Effect on environment
Effect on social well being
What is the stakeholder view of the firm?
Employees one of many groups who’s interests are part of organisations agenda and must be balanced
What is the shareholder view of the firm?
Employees seen as a resource to maximise shareholder wealth
What is a normative view?
Acknowledges that not all activities will be seen to maximise shareholder wealth
How does Sternberg say an action can be ethical?
Must ensure it is
Consistent with business purpose
Consistent with requirement of decency
Consistent with requirement for distributive justice