Foundation of ethical behavior
3 levels |
Preconventional, Conventional, Postconventional (autonomous, principled) |
Teleological approach |
decisions based on consequences |
Utilitarianism |
Decides based on action for greatest amount of good |
Deontological approach |
Moral judgments are made and moral reasoning occurs independently of consequences |
Labor issues
Wages, child workers, conditions for workers, hours, freedom of association |
Child labor
250 million + children 5-17 work |
Some companies wont trade, others are trying to establish responsibile policies (IKEA) |
Corporate responses to globalization
UN Global Compact |
establishes guidelines for appropriate behavior in human rights (labour, enviro, anti-corruption) |
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Company benefits of ethical behav
Competitive advantage |
Avoid bad image |
Cultural and legal foundations
Relativism |
Ethical truths depend on the groups holding them |
Normativism |
there are universal standards of behavior that all cultures should follow |
Law is inadequate |
Unethical not always illegal, laws slow to develop, not efficent, subject to courts, based on imprecise morals |
Legal justification is appropriate |
Law = many of a countys morals, clearly defined rules, enforcable to all, reflects careful and wide discussions |
Extraterritoriality |
Imposing domestic legal and ethical practices in foreign headquarteres |
Ethics future trends
Increase in good conduct due to transperancy |
Individuals will develop skills to address ethical issues |
Social media will impact |
Better leaders will impact |
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Corruption and Bribery
Corruption |
Misuse of power for gain |
Bribes |
Common in govs and to public officals. Common in Russia, China and Italy |
Importance of social responsibility
The environment |
Protect air, soil and water from contamination during manufacturing |
Natural resources |
Preserve non renewable, and use renewable |
Sustainability |
Meeting needs of present without compromising the ability of future generations to do so |
Kyoto Protocol |
Signed to require countries to cut greenhouse gas emissions to 5.2% below 1990. Some are doing more some have not ratified (US, China, India) |
Motivation for corp respon
Bad behaviour consequences |
Legal, boycotts, low morale, drops in sales |
Code of conduct |
Sets expectations, communicates them, ensures followed through, reports to external stakeholders |
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