9.3 Business ethics in the development of strategy Flashcards
What does IBE stand for?
Institute of Business Ethics
“Business ethics is the application of ethical values to b_________ b__________.”
(IBE)
business behaviour
What are the ICSA’s 4 core principles to which members must adhere?
Integrity
High standards of service and professional competence
Transparency
Professional behaviour
The business ethics of an organisation are a combination of:
- v_____ of people involved
- prevailing t___ of the corporate culture
- codes of c_____
- s___________ expectations
- local, national and international l___
values tone conduct stakeholder law
Constance Bagley (2003) published a “decision tree” in the Harvard Business Review to encapsulate the core ethical questions at the heart of strategic decision making. The importance of this tree is that it highlights that ethical decision making is not always s____________ and may not always be in the interests of the o___________.
Straightforward
Organisation
Chryssides and Kaler (1996) put forward 5 different view on business ethics. What were they?
Business is business Act consistently within the law Good ethics mean good business Conventional` morality Universal morality
The IBE defines business ethics as what?
The application of ethical values to business behaviour.
Who devised a “decision tree” for strategic ethical behaviour?
Constance Bagley (2003)
