Ethics Midterm Review Chapters 1 - 5

This document outlines key terms and concepts from the lecture on ethics, corporate culture, and social responsibility in a structured format for easy review.

Ethics

A set of principles that guide behavior and decision-making.

Speak-Up Cultures

Organizational cultures that encourage open communication and reporting of unethical behavior.

B-Corps

Certified companies that meet rigorous standards of social and environmental performance, accountability, and transparency.

Cross-selling

A marketing strategy where a company sells additional products to an existing customer.

Separation Thesis

The idea that ethics and law are distinct but can influence each other.

Normative vs Descriptive Sciences

Normative sciences involve value judgments, while descriptive sciences focus on factual descriptions.

Kohlberg's Theory of Moral Development

A framework outlining stages of moral reasoning used to evaluate moral decisions.

Moral Imagination

The ability to envision various ethical scenarios and their consequences.

James Rest Theory

Emphasizes the importance of recognizing ethical dilemmas in moral decision-making.

Satisficing

Choosing the first option that meets minimum criteria rather than the optimal choice.

Utilitarianism

An ethical framework that focuses on the greatest good for the greatest number.

Deontology

An ethical theory that emphasizes duties and rules.

Virtue Ethics

A philosophical approach that focuses on the character of the moral agent.

Hofstede’s Model of National Culture

A framework assessing six dimensions of national culture and its impact on behavior.

Values-based Culture

A culture that emphasizes shared values and ethical standards.

Compliance-based Culture

A culture focused on adhering to laws and regulations.

Corporate Social Responsibility (CSR)

A business model that incorporates social and environmental concerns in operations.

The 3Ps or TBL concept

Refers to People, Planet, and Profit as measures of corporate responsibility.

Challenges regarding CSR

Issues related to defining responsibilities and the extent of responsibility that businesses hold.

Two opposing views about CSR

The business view prioritizes profit, while the societal view emphasizes ethical obligations.

Three models of CSR

Frameworks that categorize CSR into distinct approaches to corporate responsibility.