Ethics, CSR and Social Inclusion

Question 1

What are ethics?

Answer 1

Moral principles or beliefs about what is wrong or right

Question 1

What are the 4 Ethical Approaches? (JUMI)

Answer 1

Justice = fairness + impartiality
Utilitarian = greatest good for the most ppl?
Moral Rights = maintain the fundamental rights of humans?
Individualism = promote one’s long-term interest? –> promotes honesty + integrity

Question 2

What are the 3 golden questions?

Answer 2

1. Does decision fall within accepted values/standards that apply in organisation?
2. Are you willing to see the decision reported in newspapers or on TV to public?
3. Would your family/friends/peers accept the decision made?

–> answer ‘yes’ to all 3 questions = its an ethical decision

Question 3

What are the 4 Spheres of Executive Responsibility?

Answer 3

1. As a person
2. As an economic agent
3. As a company leader
4. Beyond firm’s boundaries

Question 4

What is the role for ‘As a person?’

Answer 4

Manager’s have duty to do what is right according to their OWN personal values or values

Question 5

What is the role for ‘economic agent?’

Answer 5

Manager’s responsible for org. to operate at a profit –> manager must answer to shareholder’s + maximise value for shareholder’s

Question 6

What is the role for ‘As a company leader?’

Answer 6

Manager’s using influence to shape org. agenda and culture towards org. goals + represent org. + inspire others to follow

Question 7

What does ‘Beyond firm’s boundaries’ mean?

Answer 7

Manager must consider external factors on wider society and national environment based on their decisions

Question 8

What is an Ethical Dilemma?

Answer 8

Situation where all alternative choices or decisions have potentially negative ethical consequences, making it difficult to distinguish right from wrong

Question 9

What is the Primary dimension of Diversity?

Answer 9

• Things we can’t change
• Age, physical abilities, ethnicity, Sex, Race

Question 10

What is the secondary dimension of Diversity?

Answer 10

• Things we can change
• Wealth, height, education, gender

Question 11

What are the 3 cases of enhancing diversity?

Answer 11

• Business case - Diversity makes good business b/c attract + retain talented workers
• Globalisation Thesis - Organisation’s policies reflect current values
• Social Justice Case - moral principles of fair ness and equity