ethics as applied to business with regard to the treatment of employees, stakeholders, consuemrs and society
Code of ethics:
the principles on which members of organizations base their behaviour
Corporate social responsibility (CSR):
corporate standards and practices with regard to
human rights
the environment
human resources
and community relations
Corporate philanthropy:
policies by which companies donate financial and material resources to support social causes
Corruption perceptions index:
a publication of transparency international in which 102 countries are ranked according to their degree of corruption as seen by business people, academics, and risk analysts
Cultural relativism
the belief that behavour should be governed by what will bring the greatest good the greatest number of people
Dumping:
the practice of selling goods unfairly at a lower price than the market value
Ethical dilemmas
a diffucult decision between two or more "right" options
Ethical imperialism
the belief that certain behaviours are completely wrong
kyoto protocol
an agreement by which industrialized companies voluntarily reduce their emission levels between 2008 and 2012
Legislated codes
laws of a country, compliance with which is mandatory
Lobbying:
the attempt to influence businesses or governments decision towards the organizations desired goal
Non-governmental organization (NGO):
groups that are not associated with the government and work about to bring change
Not for profit organization (NPO):
an organization created inteded to not make a profit
Rule of law
written laws that are set for citizens to follow
social marketing
promotion of a company so it is recognized as being socially responsible
Stakeholder
people affected by the performance of the organization