BA 390 Ethics

modes of social control

ethics, laws, formal and informal groups, self-regulation, media, active civil society

ethics

standard behavior by which conduct is judged
consists of personal moral principles
unwritten rules that people have developed from their interactions

deontological theory

States that people should adhere to their obligations and duties when analyzing ethical dilemmas

casuist ethical theory

Compares a current ethical dilemma with examples of similar ethical dilemmas and their outcomes

moral relativism

Belief in time-and-place ethics; that is, the belief that ethical truths depend on the individuals and groups holding them

virtue

Character trait valued as being good

Foreign Corrupt Practices Act (FCPA)

prohibits US corporations from making illegal payments to public officials of foreign governments

stakeholder theory

Ethical theory stating that social responsibility is paying attention to the interest of every affected stakeholder in every aspect of a firm's operation

Pyramid of Corporate Responsibility

top down:
Philanthropic
Ethical
Legal
Economic

sustainability

Idea that socially responsible companies will outperform their peers by focusing on the world's problems and viewing them as opportunities

green marketing

Development and marketing of products designed to minimize negative effects on the environment or to improve the environment