Is a formal statement of the companys values concerning ethics and social issues it communicates to employees what the company stands for?

Moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong. 

The ethical concept that moral behaviors produce the greatest good for the greatest number.

acts are "moral" when they promote the individuals best long-term interests (not appropriate today because easily misused to support ones personal gain at expense of others)

the ethical concept that moral decisions are those that best maintain the rights of those people affected by them.

ethical decisions must be based on standards of equity, fairness, and impartiality 

focuses on treating people the same regardless of personal characteristics

rules should be clearly stated and consistently and impartially enforced

Argues that individuals should be compensated for the cost of their injuries by the party responsible.

Kohlberg's stages of Moral Development

We develop morally like we to physically

Level 1 Stage 1: Punishment and Obedient Orientation (Kohlberg) 

Laws are obeyed only to avoid punishment 

individual becomes aware that others also have needs and begins to defer to them to get what the individual wants. 

individual considers appropriate behavior as what pleases, helps, or is approved by family or friends (dont want to disappoint someone)

individual recognizes the ethical behavior is not determined only by reference to friends, family, co-workers, or others whose opinions the individual might value. Do it because of a rule or policy

aware that people hold a variety of conflicting personal views that go beyond the letter of the law. Greatest good for greatest number of people

views appropriate conduct as determined by a person's conscience, based on universal ethical principles. 

Leader behaviors that reflect high ethical standards.

describes how various companies operate

a formal statement of the company's values concerning ethics and social issues; it communicates to the employees what the company stands for.

a group of executives charged with overseeing company ethics by ruling on questionable issues and disciplining violators 

company executive who oversees all aspects of ethics and legal compliance. includes establishing and broadly communicating standards, ethics training, and dealing with exceptions or problems

Help employees deal with ethical questions and translate the values stated in a code of ethics into everyday behavior

audit you to see what your ethical level is

Employee who reports organizational misconduct to the public

Corporate social responsibility

the obligation of management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization.

groups having potential or real power to influence or be impacted by an organization's decisions and actions. 

Profit-Maximizing Management

all about making money; don't care if they hurt you

Money important; but don't cheat the customer 

Quality of Life Management

Quality of life; need profit but people are more important than money

responsibility to produce the goods and services that society wants and to maximize profits for its owners and shareholders (be profitable) 

Defines what society deems as important with respect to appropriate corporate behavior (obey the law)

discretionary responsibility 

purely voluntary and is guided by the organization's desire to make social contributions not mandated by economics, laws or ethics (contribute to the community, be a good citizen)