Ethics Flashcards
Normative ethics
Classifying actions as right or wrong , attempting to develop et of rules governing human conduct or a set of norms for actions
Business ethics
Applied or professional ethics that examines ethical principles and moral or ethical problems that arise in business environment
Business ethics applies o what aspects of business
Of business conducts and is relevant to conduct of individuals not entire organizations
Discipline of business ethics (3 things)
Personal professional corporate
3 categories of ethical nature of business
Legitimate business criminal enterprise those who operate in gray areas between the two
Examples of harmful ramifications
Damaged health, client hassles, legal actions, undesirable reputation with local community
Ethics
Branch of philosophy concerned with meaning of all aspects of human behavior
What are unethical activities
Standards of the industry in all business categories that mitigate the ethicality of the sales tactic…. Whether it is professional or unprofessional
International issues
Emerged in late 1990s
New practical issues arose and, theoretical issues such as cultural relativity and ethical values receive more emphasis in this field
Business ethics
The branch of ethics that carries the question of moral right and wrong rising in the context of business practice or theory
Unethical
Not morally approvable; morally bad
Taking personal phone call or saying check is in male when it isn’t
Business ethics deals with what qualities
Human qualities of a business person not angelic qualities
Ethics for a business person is not about some
Philosophical idea of the mind , but trying to maintain a balance between making a profit and reaching ethical standards
Why is it difficult to be ethical
Pressure for co workers managers r general business culture
Organizational ethics
How an organization ethically responds to internal or external stimulus
What does organizational ethics express to its employees and other entities
Values of an organization irrespective of govt. and regulatory laws
Ethical issues in finance
Overlooked because addresses as law not ethics
Soreness in trading practices, trading conditions, sales practices
Issues HR deals with
Discrimination in age, sexual orientation, gender, race, disability, weight attractiveness
Ethical issues in sales and marketing
Deals with principals values by which marketing institutions and marketers must act
Such as: dangerous products, environmental risks, health risks
Marketing ethics involve
Pricing practices, including illegal actions such as price fixing me legal actions including price discrimination and price skimming
Ethics and fairness
Close but not identical
Types of organizational justice
Distributive, procedural, interactional
Distributive
Fairness associated with decision outcomes and distribution of resources
Procedural power
Fairness of processes that lead to outcomes
