Class Notes (811,170)
Canada (494,539)
Philosophy (719)
PHIL 2600 (22)

Lecuture 5 - Chapter 5

5 Pages
Unlock Document

University of Guelph
PHIL 2600
Aaron Massecar

Oct 8, 2013 Philosophy – Lecture Note: Chapter 5 What is Business Ethics Management?  Business ethics management is the direct attempt to formally or informally manage ethical issues or problems through specific policies, practices and programmes Typical Components of Business Ethics Management  Mission or values statements  Code of ethics  Reporting/advice channels  Risk analysis and management  Ethics managers, officers and committees  Ethics consultants  Ethics education and training  Stakeholder consultation, dialogue and partnership programs  Auditing, accounting and reporting Evolution of Business Ethics Management  Change in emphasis concerning the purpose of business ethics management ◦ Previously primarily focused on managing employee behavior ◦ Increasing attention to management of broader social responsibilities Code of Ethics  Are voluntary statements that commit organizations, industries or professions to specific beliefs, values and actions and/or set out appropriate ethical behavior for employees  Four main types of ethical codes: ◦ Organizational or corporate codes of ethics ◦ Professional codes of ethics ◦ Industry codes of ethics ◦ Programme or group codes of ethics Prevalence of Codes and Ethics  Increasingly common  Substantial rise in usage during 1990s and 2000s  2/3 of large UK firms have some kind of formal ethical code whilst almost all large US firms have a code of ethics Critiques of Ethical Codes  Clear prescription for employees means lack of flexibility  Difficulty with multiple/novel situations, particularly cross-cultural  Vague, generalized statements of obligation  Questionable control mechanisms that potentially influence employee beliefs, values and behaviors  “suppress” individual moral instincts and emotions in order to ensure bureaucratic conformity Oct 8, 2013 and consistency Effectiveness of Codes of Ethics  Effectiveness of a code is in the implementation and administration  Suggestions for successful implementation ◦ Maximize participation of organization members in development stage to encourage commitment and “buy in” ◦ Discipline employees found in breach ◦ Follow-Through Global Codes of Ethics  Can organizations devise one set of principles for all countries in which they operate? ◦ Consider some examples ▪ Gift giving in Japan vs. The UK ▪ Equal opportunity commitments in India vs UK ◦ MNEs should be guided by three principles ▪ Respect for core human values ▪ Respect for local traditions ▪ Belief that context matters when deciding right and wrong  Global codes should define minimum ethical standards ◦ E.g. OECD = Guidelines for multinational Enterprise, UN Global Compact Managing Stakeholder Relations Assessing Stakeholder Importance:An Instrumental Perspective  Instrumental Perspective ◦ Stakeholder impact analysis enable a company to identify the stakeholders most crucial to its survival and to make sure that the satisfaction of their needs is paramount  Three key attributes likely to determine perceived importance or salience of stakeholders ◦ Power ◦ Legitimacy ◦ Urgency Types of Stakeholder Relationship  Challenge  Sparring partnership  One-way support  Mutual support  Endorsement  Project dialogue  Strategy dialogue  Task force  Joint venture or alliance Problems with Stakeholder Collaboration Oct 8, 2013  Resource inten
More Less

Related notes for PHIL 2600

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.