ob 330, spring 2010 university of massachusetts amherst
TRANSCRIPT
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OB 330, Spring 2010University of Massachusetts Amherst
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Ethics◦ Reflecting on and recommending concepts of
right and wrong behavior
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Corporate social responsibility (CSR)◦ Organizations seek to meet or exceed legal and
normatively mandated standards, by considering the greater good of the widest possible community within which they exist
◦ In both local and global terms, with regard to the environmental, social, economic, legal, ethical, and philanthropic impact of the organizations’ way of conducting business and the activities they undertake
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Sustainability ◦ Literally, ensuring that resources are renewed ◦ A sustainable use of resources would leave the
world short of nothing that was depleted in any process – that resource would be renewed
◦ Ensuring that nothing deleterious to the world’s natural systems resulted from whatever processes were being undertaken
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Thinking about ethics◦ The core issue in business ethics is how
businesses ought to act in an ethically sound way
◦ As Milton Friedman believes, should an organization do no more than to fulfill its function, as long as it does so within the market mechanism?
◦ Should an organization ensure it meets all socially desirable needs and wants relevant to its practices?
◦ Questions of business ethics do not have easy answers
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Normative ethics◦ Seeks to establish means of judging whether
business practices are right or wrong
Descriptive ethics◦ Does not seek for normative guidelines that ought
to be applied in practice, but rather monitors and describes what actually happens
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When rules work to effect compliance When rules work as ceremonial facades When ethical rules are at odds with other rules