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Organizational Ethics
Application of ethical behavior in a business context. Rules, principles and standards for
deciding what is morally right or wrong when doing business. (Individuals decide
organizational ethics)
Ehics
Principles that serve as a compass about how to behave. Encompasses the principles
that guide a person's behavior. (How people should behave toward each other)
Legal
Act that is allowed or is in conformity with the law of the land. (Act that is defined as
illegal is in defiance of the states or established laws of a defined jurisdiction)
Legal-ethical
When the law and personal or organizational ethics are in accordance with each other.
(Do not cause to many problems)
Legal-unethical
Dilemma in which established laws are not in accordance or do not uphold the ethical
choice.
Illegal-ethical
Dilemma where the right ethical decision would violate the law.
Pentadin Papers Case
,Illegal ethical dilemma where U.S government officials leaked highly classified papers to
the public to educate them about the government's actions in the Vietnam War.
Personal ethics
Principles, codes, and values that guide individuals in relation to others. Regulate the
way individuals interact with others at a personal and professional level .
Influencers of one's personal code of ethics
Family and society, religious beliefs, experiences and culture.
Values
Stable life goals that people have that reflect what is most important to them. Stable and
enduring principles created early in life. (Do not change)
Morals
Rules people developed as a result of cultural norms and values and are traditionally
passed down through generations and characterize a cultural group. (Typically shared,
sanctioned and integrated systems of beliefs and practices that are passed down
through generations and characterized cultural group)- Can change, rules can change
Societal Issues
Concerns issues relating to the world as a whole.
Involvement happens because of the ethics the organization creates out of care and
concern for individuals. (Concerns external world-impact community)
Stakeholder Issues
Concerns policies that affect its customers, employees, suppliers, and people within the
community. (Anyone impacted by business)
,Internal Policy Issues
Concerns internal relationships between a company and its employees.
Examples include fairness in management, pay, and employee participation.
Personal Issues
Concerns how people treat others in their organization
Examples include gossiping at work or taking credit for another's work.
Other Common ethical facts
-Employees have control over internal policy issues and personal issues.
-Doing the right thing
-Biggest challenge: personal ethics do not align with those of the company you work for.
- Ethical issues can have an impact on the organization you work for (Conflict of interest)
-Ethics and integrity tend to start or fail at the top and trickle down
-Everyday work situations are impacted by individual goals, values, and morals.
-Ethical tone of a business is set by leadership
Corporate Social Responsibility (CSR)
Philosophy in which a company voluntarily engages in actions that benefit society, be it
economically, socially, politically, or environmentally. (Mutual benefit)
-Includes caring for the environment and acting on other social concerns.
-Beneficial to corporations and their stakeholders.
, -Mutual benefit in which an organization should give back to the customers and
communities where they do business.
-Aim is to more directly benefit from corporate growth as well as surrounding
entrepreneurial opportunities. (Good word of mouth, good press, not mandatory)
CSR strategies
Encourage organizations to make a positive impact on there environment and
stakeholders
Stakeholders
Those who have a stake in the performance and output of an organization, such as
employees, unions, investors, suppliers, consumers, local and national governments,
and communities.
- Aim of CSR is to increase long term profits and shareholder trust through positive
public relations and high ethical standards to reduce business and legal risks by taking
responsibility for corporate actions.
World Trade Organization (WTO)
International organization tasked with promoting global trade, enforcing common trade
regulations, and helping promote ethical behavior among members.
Code of Ethics
Guide that publicly sets out an organization's key values and ethical obligations.
- Code is publicly available and addressed to anyone with an interest in the companies
activities and the way it does business.
-Details of how the company plans to implement its values and vision, as well as
guidance for the staff on ethical standards and ways to achieve them.
Organizational Ethics
Application of ethical behavior in a business context. Rules, principles and standards for
deciding what is morally right or wrong when doing business. (Individuals decide
organizational ethics)
Ehics
Principles that serve as a compass about how to behave. Encompasses the principles
that guide a person's behavior. (How people should behave toward each other)
Legal
Act that is allowed or is in conformity with the law of the land. (Act that is defined as
illegal is in defiance of the states or established laws of a defined jurisdiction)
Legal-ethical
When the law and personal or organizational ethics are in accordance with each other.
(Do not cause to many problems)
Legal-unethical
Dilemma in which established laws are not in accordance or do not uphold the ethical
choice.
Illegal-ethical
Dilemma where the right ethical decision would violate the law.
Pentadin Papers Case
,Illegal ethical dilemma where U.S government officials leaked highly classified papers to
the public to educate them about the government's actions in the Vietnam War.
Personal ethics
Principles, codes, and values that guide individuals in relation to others. Regulate the
way individuals interact with others at a personal and professional level .
Influencers of one's personal code of ethics
Family and society, religious beliefs, experiences and culture.
Values
Stable life goals that people have that reflect what is most important to them. Stable and
enduring principles created early in life. (Do not change)
Morals
Rules people developed as a result of cultural norms and values and are traditionally
passed down through generations and characterize a cultural group. (Typically shared,
sanctioned and integrated systems of beliefs and practices that are passed down
through generations and characterized cultural group)- Can change, rules can change
Societal Issues
Concerns issues relating to the world as a whole.
Involvement happens because of the ethics the organization creates out of care and
concern for individuals. (Concerns external world-impact community)
Stakeholder Issues
Concerns policies that affect its customers, employees, suppliers, and people within the
community. (Anyone impacted by business)
,Internal Policy Issues
Concerns internal relationships between a company and its employees.
Examples include fairness in management, pay, and employee participation.
Personal Issues
Concerns how people treat others in their organization
Examples include gossiping at work or taking credit for another's work.
Other Common ethical facts
-Employees have control over internal policy issues and personal issues.
-Doing the right thing
-Biggest challenge: personal ethics do not align with those of the company you work for.
- Ethical issues can have an impact on the organization you work for (Conflict of interest)
-Ethics and integrity tend to start or fail at the top and trickle down
-Everyday work situations are impacted by individual goals, values, and morals.
-Ethical tone of a business is set by leadership
Corporate Social Responsibility (CSR)
Philosophy in which a company voluntarily engages in actions that benefit society, be it
economically, socially, politically, or environmentally. (Mutual benefit)
-Includes caring for the environment and acting on other social concerns.
-Beneficial to corporations and their stakeholders.
, -Mutual benefit in which an organization should give back to the customers and
communities where they do business.
-Aim is to more directly benefit from corporate growth as well as surrounding
entrepreneurial opportunities. (Good word of mouth, good press, not mandatory)
CSR strategies
Encourage organizations to make a positive impact on there environment and
stakeholders
Stakeholders
Those who have a stake in the performance and output of an organization, such as
employees, unions, investors, suppliers, consumers, local and national governments,
and communities.
- Aim of CSR is to increase long term profits and shareholder trust through positive
public relations and high ethical standards to reduce business and legal risks by taking
responsibility for corporate actions.
World Trade Organization (WTO)
International organization tasked with promoting global trade, enforcing common trade
regulations, and helping promote ethical behavior among members.
Code of Ethics
Guide that publicly sets out an organization's key values and ethical obligations.
- Code is publicly available and addressed to anyone with an interest in the companies
activities and the way it does business.
-Details of how the company plans to implement its values and vision, as well as
guidance for the staff on ethical standards and ways to achieve them.
