Examples of ethical behavior in the following topics:
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- There are four schools of thought that are useful for framing future strategic decisions to ensure ethical behavior.
- Perhaps the cleanest and simplest perspective on ethical behavior, a utilitarian will always ask one question: what is the ideal outcome for the highest number of people?
- Indeed, Kant's ethical argument is that moral maxims of respect for one another and appropriate behavior serve as a groundwork for all ethical reasoning.
- Popularized by Greek philosophers such as Aristotle, this point of view assumes that virtue is a central benchmark for all ethical behavior.
- Outline the various ethical philosophies over time, and integrate them into a meaningful understanding of ethical behavior
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- Corporate social responsibility (CSR) is a form of ethical behavior that requires that organizations understand, identify, and eliminate unethical economic, environmental, and social behaviors.
- Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
- Theoretical ethics, sometimes called normative ethics, is about delineating right from wrong.
- It is the reflection on and definition of what is right, what is wrong, what is just, what is unjust, what is good, and what is bad in terms of human behavior.
- Business ethics, also called corporate ethics, is a form of applied ethics or professional ethics that examines the ethical and moral principles and problems that arise in a business environment.
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- Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior.
- Theoretical Ethics is the rational reflection on what is right, what is wrong, what is just, what is unjust, what is good and what is bad in terms of human behavior.
- Business ethics is not chiefly theoretical in character.
- It is best understood as a branch of ethics called applied ethics: the discipline of applying value to human behavior, relationships and constructs, and the resulting meaning.
- Here are four ethical approaches that have stood the test of time.
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- When organizations go above and beyond mandated behaviors they can be thought of acting ethically.
- Organizational Ethics is how an organization ethically responds to an internal or external stimulus.
- There are at least four elements that make ethical behavior conducive within an organization:
- Availability for advice on ethical situations (i.e, advice lines or offices)
- Previously, finance ethics was somewhat overlooked because issues in finance are often addressed as matters of law rather than ethics.
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- Companies often have corporate ethics statements or codes that identify ethical expectations and offer guidance.
- The 2012 Barclays LIBOR price fixing scandal is an example of grossly unethical behavior that occurred after Barclays admitted that its traders sought to intentionally manipulate LIBOR rates for financial gain.
- These policies can be simple exhortations in broad, highly generalized language (typically called a corporate ethics statement), or they can be more detailed policies, containing specific behavioral requirements (typically called corporate ethics codes).
- A competitive business environment may call for unethical behavior.
- For instance, the US Department of Commerce ethics program treats business ethics as a set of instructions and procedures to be followed by 'ethics officers'.
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- People—their behavior and the products of their work and intellect—are judged ethically and legally based chiefly on their intentions.
- Ethical analysis of the behavior of natural persons begins with considerations of what a person meant by what he or she did, said, or produced.
- When we talk about the ethical criteria for judging the behavior of corporations we speak not of intent, but responsibility: quite literally, the capacity to respond.
- Corporate ethics is the ethics of corporate social responsibility (CSR), not corporate personal responsibility.
- Sarbanes Oxley is particularly interesting given Payne's compliance/integrity construct, in that it requires both integrity structures (such as a corporate board of ethics, and internal protections for whistleblowers) and increases fines for violation of anti-trust and other federal statutes regulating inter-state corporate behavior.
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- Motivating and reinforcing positive behavior while creating an environment that avoids unethical behavior is a critical responsibility of both managers and employees.
- Advice and consulting on a situation to situation basis (ethics officers)
- Intrinsic and extrinsic motivations can reinforce positive behavior and/or eliminate negative behavior in the workplace.
- Whistleblowers are individuals who identify unethical practices in organizations and report the behavior to management or the authorities.
- Finally, some aspects of individual ethics are rooted in the individual.
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- This creates behavioral reinforcement, where the desired behavior is enabled and promoted by the desired outcome from a behavior.
- Positive reinforcement: When a behavior (and subsequent response) is rewarding, the frequency of that behavior will be increased.
- This will positively reinforce the desired behavior.
- Negative reinforcement: When a desired behavior is responded to with the removal of something the individual doesn't like, the behavior is reinforced.
- For example, an employee demonstrates a strong sense of work ethic and wraps up a few projects faster than expected.
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- From the earliest moments of recorded human consciousness, the ethical discipline has entailed four fundamental approaches, often called ethical decision-making frameworks: Utilitarian Ethics (outcome based), Deontological Ethics (duty based), Virtue Ethics (virtue based), and Communitarian Ethics (community based).
- Today we call his approach to ethics virtue ethics.
- How does one communicate to colleagues, friends, children or any other human being when the reference point of behavior or ethical judgment is just about how one feels inside?
- A Postscript on Narrative Ethics.
- Its benefit over the four traditional ethical approaches is that story invites both ethical engagement and ethical creativity.
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- Equitable treatment of all employees and stakeholders is critical to organizational success and the proper execution of business ethics.
- The question is simple: how do employees perceive the behavior of the organization, and how does this impact both employee and organizational outcomes?
- The simplest examples of positive results due to a strong sense of ethical fairness in an organization include:
- Behaviors such as not doing certain tasks or helping certain work-groups can quickly become a source of inefficiency.
- While there are many more examples of consequences avoided and benefits achieved from an ethical operational approach, this paints a clear picture of why it is important and how to frame manager's perspectives to ensure equitable behavior.