MGT 125 Lecture Notes - Lecture 32: United Nations Global Compact, Corporate Crime, Effect Size
Document Summary
High ethical standards via high risk & conflict tolerance + control. Values-based management: org"s values guide employees in way to do jobs. Oecd guidelines for multinational enterprise corporate accountability but non-binding penalties but negative publicity. Un global compact: sustainable & inclusive global economy. Process to eliminate ethically questionable applicants & learn of person"s moral development, values, ego strength & locus of control: codes of ethics and decision rules. Formal statement of org"s primary values & ethical rules its expects employees to follow: top management"s leadership. Uphold shared values & set cultural tone (rewards & punishments) + role models: job goals and performance appraisal. Reinforce org standards of conduct, employees consider ethics in decisions, acceptable practices, unpopular but ethically correct: independent social audits. Evaluate decisions against code of ethics routine or random. Auditors report to board: formal protective mechanisms. Do what"s right without fear of reprimand. *social responsibility and ethical issues in today"s world.
