Business Ethics

38 terms by RachelRamsby 

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Ethics

The discipline that examines good or bad practices within the context of moral duty and obligation

Moral Conduct

Relates to principles of right or wrong in behavior

Business Ethics

Concerned with good or bad and right or wrong behavior and practices that take place in business

Descriptive Ethics

Involves describing, characterizing, and studying morality. Focuses on "what is."

Normative Ethics

Concerned with supplying and justifying moral systems. Focuses on "what ought/ought not to be."

Conventional Approach

Based on how normal society today views business ethics

Principles Approach

Based upon the use of ethics principles to direct behavior, actions, and policies

Ethical Tests Approach

Short practical questions to guide ethical decision making and behavior

Immoral Management

An approach devoid of ethical principles and active opposition to what is ethical.

Moral Management

Conforms to high standards of ethical behavior or professional standards of conduct.

Amoral Management

intentional: does not consider ethical factors. Unintentional: casual or careless about ethical factors

Personal Level

Situations faced in our personal lives outside of the work context

Organizational Level

Workplace situations faced as managers and employees

Industry Level

Situations where a manager or organization might influence business ethics at the industry level

Corporate Transparency

A quality, characteristic, or state in which activities, processes, practices, and decisions that take place in companies become open or visable to the outside world

Technology

The totality of the means employed to provide objects neessary for human sustenance and comfort

Bioethics

A field that has emerged to deal with ethical issues embedded in the use of biotechnology

Proceduralism

The use of elaborate protocols to insure that classical safeguards, such as informed consent, are not violated.

Internationalization

A process by which firms increase their awareness of the influence of international activities on their future and conduct transations with firms from other countries.

Globalization

The global economic integration of many formerly national economies into one global economy.

Grease Payments

Relatively small sums of money given for the purpose of getting minor officials to do what the do better and faster.

Hypernorms

Consist of transcultural values including fundamental human rights.

Consistent Norms

Consist of norms that are culturally specific but consistent with hypernorms

Sweatshop

factory where workers do piecework for poor pay and are prevented from forming unions

Globalists

Someone who thinks in terms of the well-being of the world as a whole or promotes sensitivity to global political issues in others.

Industrial Policy

Any selective government measure that prevents or promotes changes in the structure of an economy

Privatization

The process of "turning over to" the private sector some function that was previously handled by the government

Accelerationist

an economist who advocates the acceleration principle-the principle that an increase in the demand for a finished product will create a greater demand for capital goods

Political Involvement

paricipation in the forumlation and execution of public policy at various levels of government

Lobbying

The process of influencing public officials to promote or secure passage or defeat of legislation

PAC's

Instruments through which business uses financial resources to influence government

Coalition Building

Business and other groups joining forces to achieve common goals

Political Strategy

To secure position of advantage regarding a given regulation or piece of legislation

Grassroots Lobbying

Mobilizing the "grassroots" individual citizens who might be most directly affected by legislative activity to political action

Cyberadvocacy

Using the internet to amass grassroots support, and enable grassroots supporters to contact their legislators

Golden Rule of Politics

"He who has the gold, rules."

Soft Money

political contributions made in such a way as to avoid the United States regulations for federal election campaigns (as by contributions to a political action committee)

Hard Money

Political contributions given to a party, candidate, or interest group that are limited in amount and fully disclosed.

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