Professionalism & Ethics Flashcards

1
Q

What are ways that different businesses can measure their success

A
  1. Creative and Innovative
  2. Outperforming competitors ( may even bend rules)
  3. Dominant focus is on the society and not profit
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2
Q

Name the types of ethical theories

A

Principle- based
Cosequnce-based
Utilitarian
Narrative
Virtue-based
Deontology

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3
Q

Principle- based theory

A

A set of values/ rules determine whether an action is ethical or not

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4
Q

Consequence based

A

The outcome of the situation determines whether the action is ethical or not

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5
Q

Utilitarian

A

Actions are justified if the outcome benefits the majority of the group

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6
Q

Narrative

A

Story teller leads the listener to come to a conclusion on whether action is acceptable or not

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7
Q

Virtue- based

A

Judge a person by character and reputation rather than on an individual action

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8
Q

Deontology

A

If the person upholds their obligation towards another person the action will be ethical

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9
Q

What does ethical behaviour mean

A
  • honestly
  • act with integrity
  • act in a manner acceptable to society
  • doing what’s right rather than what’s financially rewarding
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10
Q

Characteristic of a professional person

A
  • shares their knowledge to develop others
  • exercise good judgment
  • accept accurate
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11
Q

What is Batho Pele

A

A framework to ensure professional and ethical service delivery in the public service in SA

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12
Q

Function of the code of ethics

A

Describes the principles that the business considers as important when making decisions
E.g. honestly, respect & obey law

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13
Q

Function of the code of conduct

A

Prevents negative behaviour
E.g. racism

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14
Q

Give examples of unethical behaviour addressed in the Code of ethics/ conduct

A

Bribery
Whistle blowing
Handling conflict of interest
Confidentiality of company needs

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15
Q

How can you ensure that staff members use the code of conduct/ ethics

A
  • allow staff to give feedback
  • managers must lead by example
  • conduct training sessions
  • make staff aware of consequences
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16
Q

What is the importance of Corporate Governance

A
  • Gives the business a good image
  • investor confidence makes it easier to raise capital
17
Q

What is Corporate governance all about

A
  • Balancing the interests of all stakeholders
  • bring Environmental awareness
  • encourage ethical behaviour
  • ensures the meeting of legal requirements