BUSI 1800 Lecture 5: 5. ethics and social responsibility
29 Jul 2015
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Document Summary
Ethics- standards of moral behavior; that is, behavior that is accepted by society as right versus wrong. Compliance based ethics- ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers. Integrity based ethics codes- ethical standards that define the organizations guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees. Whistleblowers- people who report illegal or unethical behavior. Corporate social responsibility- a business"s concern for the welfare of society. Corporate philanthropy- dimension of social responsibility that includes charitable donations. Corporate social initiatives- dimension of social responsibility that includes enhanced forms of corporate philanthropy that are more directly related to the company"s competencies. Corporate responsibility- dimension of social responsibility that includes everything from hiring minority workers to making safe products. Corporate policy- dimension of social responsibility that refers to the position a firm takes on social and political issues.
