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IB Ethics and Social Responsibility Cheat Sheet by

IB Ethics and Social Responsibility
social     business     ethics     responsibility     behaviour

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)
 

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
 

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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