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Chapter 4 Week 5 Notes

by: Jessica Notetaker

Chapter 4 Week 5 Notes INTB

Jessica Notetaker
GPA 3.7

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About this Document

These notes include everything we went over in class as well as what she didn't have time to go over.
International Business
Carol Finnegan
Class Notes
International, business, INTB3600
25 ?




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This 1 page Class Notes was uploaded by Jessica Notetaker on Thursday September 22, 2016. The Class Notes belongs to INTB at University of Colorado Colorado Springs taught by Carol Finnegan in Fall 2016. Since its upload, it has received 5 views. For similar materials see International Business in 3600 at University of Colorado Colorado Springs.


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Date Created: 09/22/16
Week 5: Chapter 4- Ethics  Understanding Ethical Behavior o Personal Moral philosophy and ethical behavior 1) Societal culture and norms 2) Business culture and industry practices 3) Corp. Cultures and expectations  Ethics: A set of guidelines for moral dilemmas, moral principles and values that govern the actions/ decisions of a group  Factors of ethics: o Personal Ethics o Decision-Making process o Organizational culture o Unrealistic Performance Expectations o Lead by Example  Corporate Social Responsibility: Companies obligation to society to pursue goals/ practices that are in the best interest of society. o Employees want to work for a company with good values and shareholders like to invest in a corporation that has a good reputation.  Three Dimensional Framework o Ideological Dimensions: management’s take on what the firm should be doing o Societal Dimension: stakeholder’s ideas on what the firm should be doing o Operational Dimension: the actions / activities that a firm takes  Ethical Theories: o Utilitarian Ethics  Morality of actions is determined by their consequences  Max. positive consequences and minimize negative  Uses cost-benefit analysis o Kantian Ethics  Not fully developed philosophy but based on the heart being in the right place  People are the ends, not the means (has large emphasis on human rights) o Rights Theory  Humans have basic rights  Minimum level of morally acceptable behavior o Justice Theory  Distribution of economic good/services fairly  Max. and equal amounts of liberty for everyone  Making Ethical Decisions o Recognize there is a problem o Find the facts o Consider other courses of Action o Choose a course of action o Evaluate the decision (would you do it again)


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