BA 3340 Lecture Notes - Lecture 13: Cultural Relativism, Organizational Culture, Kantian Ethics
Document Summary
Ethics - accepted principles of right or wrong that govern. Business ethics - accepted principles of right or wrong governing the conduct of business people. Ethical strategy - strategy, or course of action, that does not violate these accepted principles. Firms should: establish minimal acceptable standards that safeguard the basic rights and dignity of employees, audit foreign subsidiaries and subcontractors regularly to ensure they are meeting the standards, take corrective action as necessary. Human rights are taken for granted in developed countries. When a resource help in common by all, but owned by no one, is overused by individuals, resulting in its degradation. Outlawed the practice of paying bribes to foreign gov"t officials in order to gain business. Idea that managers should consider the social consequences of economic actions when making business decisions. Honorable and benevolent behavior that is the responsibility of successful companies. Situations in which none of the available alternatives seems ethically acceptable.
