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Ethical Terminology
Business ethics models and practices
34
Business
Graduate
05/07/2007

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Term
Identifying Ethical Situations (5 steps)
Definition
A. Involves interests/values of others
B. Involves self interests/values
C. Requires judgement
D. Requires action/inaction
E. Decision affects my life and others
Term
Deontology
Definition
actions judged by the motives and intentions of actor
Term
teleology
Definition
action judged by its likelihood of achieving good and proper results
Term
relativism
Definition
actions judged in relation to time, place, and circumstances.
Term
virtue ethics
Definition
development of a righteous character is the standard
Term
positive law
Definition
a rule from a superior to an inferior that the inferior habitually obeys, with sanction imposed if the rule is broken
Term
jurisprudence
Definition
examines the values or ethics associated with positive law
Term
ethic of justice
Definition
there should be rules and equity.Due process.
Term
ethic of power
Definition
government must be empowered to enforce the laws and bring order
Term
ethic of custom
Definition
longstanding custom reflects what is known and observed by most people over time
Term
ethic of custom
Definition
longstanding custom relfects what is known and observed by most people time.
Term
ethic of norms of conduct
Definition
how people act. it can be above or below positive law
Term
ethic of civilization
Definition
we restrain our base impulses and move to a higher level of civilization
Term
ethic of utility
Definition
promoting the greater good for the greatest number
Term
beneficence
Definition
doing good deeds
Term
success
Definition
defined within a particular society, involving comparisons with others as well as person golas.
Term
hedonism
Definition
pursuit of pleasure
Term
theory x
Definition
assumes that people are basically lazy and dislike work, require rewards and punishments
Term
theory y
Definition
assumes people want to work and assume responsibilities
Term
theory z
Definition
motivation comes from being part of a group in a supportive instituion
Term
Communitarianism
Definition
the need for community values binds us as a multicultural society
Term
puritan ethic
Definition
emphasizes hard work, abstaining from excessive pleasures and balancing success with humility
Term
asceticism
Definition
wholesale rejection of the values of wealth and success
Term
john calvin
Definition
began change in christian philosophy that secular wealth was not opposed to, bu rather a sign of, a person's eventual salvation
Term
adam smith
Definition
individuals left to themselve sto pursure their own economic interest will ultimately benefit society as a whole
Term
Freedom of the Market
Definition
requires freedom of speech, assembly, association, and the freedom to pursure our own material happiness.
Term
regulation
Definition
exists to protect market and guarantee the condition within which an industry can thrive and survive. Also to protect public good and to provide safeguards for consumers.
Term
corporate culture
Definition
conceptual foundation on which a company builds and the self-image from which all else begins
Term
corporate code of ethics
Definition
explicit expression of a set of values meant to govern company and employees
Term
business practices
Definition
established systems of behavior within business world
Term
roles of manager (x10)
Definition
figurehead
leader
liaison
monitor
disseminator
spokesman
entrepreneur
disturbance handler
resource allocator
negotiator
Term
corporate character (x5)
Definition
craftsman
jungle fighter
company man
gamesman
outlaw
Term
responsibility
Definition
cornerstone of ethics; accountability, answerability, liability, rewardability
Term
system problem
Definition
whole becomes more than the sum of its parts. momentum overrides concerns.
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