Management

Ethics

Standards of right and wrong that influence behavior.

Management

Pursuing goals through people via planning, organizing, leading, and controlling (POLC).

Triple bottom line

The concept that businesses should focus on people, planet, and profits.

Organizational stakeholders

Internal and external individuals or groups that are affected by or affect the organization.

Ethically vs Legality

Ethics are typically above legality; something legal doesn't have to be ethical.

Utilitarianism

An approach to ethical decision-making that focuses on maximizing overall happiness or utility.

Virtue ethics

An approach to ethical decision-making that uses virtuous character traits to make ethical decisions.

Right-based ethics

An approach to ethical decision-making that prioritizes the rights and freedoms of individuals.

Ethical egoism

An approach to ethical decision-making that suggests people should act in their own self-interest.

Pragmatic ethics

An approach to ethical decision-making that considers practical considerations and real-world consequences.

Unethical workplace behaviors

Conflict of interests, abusive behaviors, violation of health/safety regulations, corruption, discrimination, sexual harassment.

Kohlberg's theory of moral development

A theory that suggests individuals progress through different levels of moral reasoning.

Carroll's global CSR responsibility pyramid

A pyramid that outlines the different levels of corporate social responsibility, from economic to philanthropic.

Corporate governance structure

The system of rules, practices, and processes by which a company is directed and controlled.

Corporate social responsibility (CSR)

The idea that businesses have a responsibility to consider the impact of their actions on society.

Shareholder theory

The belief that the social responsibility of a business is to increase its profits.

Stakeholders

Individuals or groups impacted by a company, both internally and externally.

ESG rating

A rating that informs investors about a company's commitment to environmental, social, and governance factors.

Greenwashing

The practice of making a company appear more environmentally friendly or socially responsible than it actually is.

Triple bottom line CSR and ESG

The consideration of people, planet, and profits in corporate social responsibility and environmental, social, and governance factors.

https://knowt.io/note/6f1803c0-915d-49f7-90f4-ebbfb9027fad/Management