38 terms

Business 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
The totality of the means employed to provide objects neessary for human sustenance and comfort
A field that has emerged to deal with ethical issues embedded in the use of biotechnology
The use of elaborate protocols to insure that classical safeguards, such as informed consent, are not violated.
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.
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.
Consist of transcultural values including fundamental human rights.
Consistent Norms
Consist of norms that are culturally specific but consistent with hypernorms
factory where workers do piecework for poor pay and are prevented from forming unions
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
The process of "turning over to" the private sector some function that was previously handled by the government
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
The process of influencing public officials to promote or secure passage or defeat of legislation
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
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.