International Management: Chapter 3, Ethics, Social Responsibility, and Sustainiblity

Ethics

study of morality and standards of conduct

Corporate Social Responsiblity

Actions of a firm to benefit society beyond the requirements of the law and direct interests of the firm

Kantian

individuals have responsibilities based on a core set of moral principles that go beyond self-interest

Aristotelian

ethics that focus on core, individual behaviors, and actions/how they express and form individual character

Utilitarianism

greatest good for the greatest number of people under a given set of constraints

Non-governmental organization (NGO)

private, non profit organizations that serve to focus on political and economic issues such as poverty, social justice, edu, health, and environment

Fair Trade

an organized social movement and market based approach that aims to help producers in developing countries obtain better trading conditions and promote sustainiblity

Sustainibility

Development that meets current needs without harming the future

Corporate Governance

the system by which business coporations are directed and controlled

Foreign Corrupt Practices Act

makes it illegal for US firms and their representatives to engage in corrupt practices overseas

Eastern Philosophy

Views the individual as part of, rather than separate from, nature.