BU398 Lecture Notes - Lecture 15: Internal Set
Document Summary
Ethics is the code of moral principles and values with respect to what is right and wrong. The rule of law arises from a set of codified principles and regulations that describe how people are required to act that are accepted by society and enforceable in court. Social responsibility is a(cid:374) e(cid:454)te(cid:374)sio(cid:374) of (cid:373)a(cid:374)agerial ethics a(cid:374)d refers to (cid:373)a(cid:374)age(cid:373)e(cid:374)t"s obligation to make choices and take action so that the org. contributes to the welfare and interest of all organizational stakeholders. Personal ethics: personal values and their moral reasoning translates their values into behaviour at the workplace, different levels of moral development, low level, obtain rewards and avoid punishment. Intermediate level: conform to expectations of good behaviour defined by society, high level. Organizational culture: business practices reflect the values, attitudes, and behaviour patterns of an orga(cid:374)izatio(cid:374)"s culture, has a powerful impact on individual ethics because it helps to guide employees in making daily decisions. Organizational systems: basic structure of the org.
