MANAGEMENT 455 CORPORATE STRATEGY. ETHICS AND SOCIAL RESPONSIBILITY CHAPTER 9. What Is Business Ethics?. Business ethics involves applying general ethical principles and standards to behavior in business situations
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ETHICS AND SOCIAL RESPONSIBILITY
The litmus test of a company’s code of ethics isthe extent to which it is embraced in crafting strategy and in operating the business day to day!
Integrative Social Contracts TheoryAre Ethical Standards Universal or Dependent on Local Norms?
Three schools of thought regarding extentto which ethical standards can be applied . . .
Regardless of what country acompany is operating in
Social contracts theory maintainsadherence touniversal or first-order ethical normsshould alwaystakeprecedenceoverlocal or second-order norms!
The three types of managers as concerns ethical and moral principles
Managers that are immoral
Managers that are amoral
Three Categories of Management Morality