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MAN2021- Week 2 (1/2)

by: Emma Asinas

MAN2021- Week 2 (1/2) MAN2021

Emma Asinas
GPA 3.57
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About this Document

These notes cover half of the second week, but a complete notes for chapter 3.
Class Notes





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This 2 page Class Notes was uploaded by Emma Asinas on Wednesday September 14, 2016. The Class Notes belongs to MAN2021 at Valencia College taught by in Fall 2016. Since its upload, it has received 20 views. For similar materials see PRINCIPLES OF MANAGEMENT in Business Administration at Valencia College.


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Date Created: 09/14/16
Chapter 3: Ethics and Social Responsibility • Ethics:What is “good” or “bad” or “right” or “wrong” in one’s conduct. • Ethical behavior : What is considered to be good and right in the context of the governing moral code. Four alternative ethical views – Utilitarian:this delivers the greatest good to the most people – Individualism: this advances long-term self-interests – Moral rights: this maintains fundamental rights of all human beings – Justice view of ethics: this is a fair treatment of people according to legal rules Types of justice Procedural justice – when policies and rules are fairlyapplied Distributive justice– when people are equally treated Interactional justice– when people are treated with dignity and respect Commutative justice – fairness to everyone involved • Cultural issues in ethical behavior: – Cultural relativism: when ethical behavior is always determined by cultural context. – Moral absolutism: the behaviors that are unacceptable in “my home environment” should not be acceptable “anywhere else.” – Ethical imperialism: this is the act of imposing one’s ethical standards on others. • Ethical dilemma: occurs when choices may be considered unethical. This involves: Discrimination, Sexual Harassment, Conflicts of Interest, Product Safety, Organizational Resources • Organizational Culture: this is considered ethical behavior within the organizational context • Moral Management Managers behave in one of three ways: 1. Immoral Manager: behave unethically 2. Amoral Manager: fails to consider ethics 3. Moral Manager: knows how to make ethical decisions • Codes of Ethical Conduct: Legal statement of an organization’s values When to use Codes of Ethical Conduct:  Bribes and kickbacks,  political contributions,  honesty of records,  customer/supplier relationship,  confidentiality of company’s record  Whistleblowers: Expose misdeeds of others to:  Preserve ethical standards  Protect against illegal acts  Sustainability: acting in ways that supports present and future generations; Alternative energy, Recycling, Waste avoidance. • Corporate social responsibility : – Looks at ethical issues on the organization level. – Creates better ways that benefits its own interests and the interests of society at large. • Stewardship: means taking personal responsibility to always respect and protect the interests of society at large – Triple bottom line – 3 P’s of organizational performance – profit, people, and planet • Perspectives on social responsibility: – Classical view: when the management’s only responsibility is to maximize profits. – Socioeconomic view: when the management also looks for the broader social welfare, not just profits. – Shared value view: business decisions are made with the understanding that economic and social progress are interconnected. Four strategies of corporate social responsibility 1. Proactive Strategy: meet ethical, legal, economic and discretionary responsibilities 2. Accommodative Strategy: meet ethical, legal, economic responsibilities 3. Defensive Strategy: meet economic and legal responsibilities 4. Obstructionist Strategy: meet economic responsibilities


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