Unit 3 Flashcards
Fiduciary
A person entrusted to make decisions that benefit another person or party
Workplace
Wherever work happen
Business:
Organization comprised of
Employees, products, and services
Business:
What it does
Commercial, industrial, or professional activities to earn profits
Utilitarianism
Greatest good for the greatest number
Religion
A code derived from core teaching
Pragmatism
Do the least harm
In a given situation moral pluralism balances/prioritizes (4)
1) Individual rights
2) Justice
3) Common good
4) Self-interest
Sources/references/memberships
Provide rules and codes of conduct that guide decision-making
Ethics at work: Characteristics (5)
1) Contextual
2) Iterative
3) Concurrent and sequential
4) Self-interested
5) Subject to unanticipated consequences
OBM practitioner: Needs to know (4)
1) Business operations
2) Client interactions
3) Common language
4) Behavior-change strategies
Ethics issues at work:
Contributing factors (4)
1) Strategic and tactical decisions often lack ethical review
2) Not explicitly built into accountability criteria
3) Celebrates high risk for gain
4) Lack of skills establishing striving to be ethical as measurable priority
Decision-making systems of what is “good”
1) Utilitarianism
2) Religion, pragmatism
3) Moral pluralism
4) Sources/ references/ memberships
Effecting change:
Identify required change
Pinpointing the ethical behaviors that lead to favorable outcomes
Effecting change:
Establish favorable conditions
Arranging work contingencies that promote desired ethical behavior
Effecting change:
Practice
Arranging opportunities to engage in specific ethical behavior outside of an ethical dilemma
Effecting change:
Seek feedback
Asking others about the effects of our behavior
Effecting change:
Recognize and reward
Ensuring ethical behavior is acknowledged when it happens
Effecting change:
Evaluate effects
Measuring the effects of efforts and comparing to desired ethical outcomes
Business structures/processes (5):
1) Single business
2) Mergers
3) Acquisitions
4) Consolidations
5) Industry-wide associations
