lecture #3 Flashcards
what is ethics
Accepted principles of right or wrong governing he conduct of people and organizations
Determinations of ethical behaviour (YOC)
You:
ignorance or personal ethics
Organization:
organization culture: unrealistic performance goals, decision making process, leadership
Country:
host country laws, host country culture and business practices
Questionable behaviour examples
Canadian mining firms environmental disasters abroad
Example. Canadian mining operations with questionable environmental practices
Example. Boycott nestle
Example. Placer dome in the philippines
Three levels of social responsibility (SSP)
- societal responsibilities
- stakeholder responsibilities
- profit responsibility
what is societal responsibilities
ecological responsibilities, general public
public interest group
what is stakeholder responsibilities
customers, employees, suppliers or distributors
what is profit responsibility
owners and stakeholders (increase in earnings per share or dividends)
Reaction to Renewed Social Responsibility
Established ethics department
Undertaken a social audit
Social audit
systemic evaluation of the companies position and progress on social issues
Stakeholders have actively encouraged companies to become proactive on social issues
what are EXTERNAL stakeholders
Customer
Suppliers
Government
Unions
Local communities
General public
- Unifor
what are INTERNAL stakeholders
Stockholders
Employees
Managers
Board members
what is the Stakeholder impact analysis
- Identify stakeholders
- Identify their interest and concerts
- Identify resulting claims stakeholders are likely to make
- Identify most important stakeholders
- Identify the resulting strategic challenges
Establishing ethical standards and values
example
- Value statement: serve as a cornerstone for culture-builing
- A code of ethics serves as a corner store for developing
- Approaches to establishing ethical standard
**Word of mouth indoctrination
**Written documents
