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Flashcards in 8: Ethics Deck (10)
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1

Two types

Conflict between different beliefs and values

Conflict between ethical imperatives and institutional requirements

2

Universalism

Truth is absolute, right or wrong determined by laws, religion, rules

3

Particularism

Truth is subjective, right or wrong determined by circumstances and relationships not just laws

4

Ethnocentrism

Companies apply standards of morality from home country. My culture is always best

5

Cultural relativism

Regarding elements of a culture from the viewpoint of the culture. Every culture is valid

6

Cyclic approach

Ethical beliefs + values - normative (moral) influences on instrumental requirements - institutional requirements - social control, stability + continuity

7

Globe attributes of ethical leaders

Character and integrity, altruism, encouragement, collective motivation

8

Invisible hand theory

Under capitalism, those to pursue their own good tent also too good for their own communities – multinational enterprises have positive impact on developing countries

9

Carrols CSR pyramid

Economic, legal, ethical, philanthropic responsibility

10

OECD guidelines for ethical management

Against bribery and corruption, fair employment practices, environmental stewardship, tech transfer, fair competition, fair consumer protection