Balanced Scorecard
~ strategic performance managment tool to track and monitor emloyee activity and
outcomes
Ethics Audit
~ Neutral verifiable process to understand, Measure, report on and help improve an
organizations social and environmental performance.
Kaplan and Norton
~ developed the...
✓~ any person or group with a stake in the issue at hand
descriptive
✓~ the approach to ethical decision making focuses on how people actually make ethical
decisions
prescriptive
✓~ approach to ethical decision making focuses on what decision an individual
should
make
Utilitarianism
✓~ the best known consequentialist theory
principle of utility
,✓~ states that an ethical decision should maximize benefits to society and minimize
harms
Utilitarian focuses on
✓~ (Consequesntialist approach) focuses on what is best for society
Deontologist
✓~ Follow the rules no matter what. Focuses on universal principles such as honesty.
virtue ethics
✓~ focuses on the integrity of
the moral person not on the moral
act itself (the decision or behavior)
Disclosure rule
✓~ asks whether you would feel comfortable if your activities were disclosed in the light of
day (if you have something to hide it is probably unethical)
veil of ignorance
, ✓~ deciding what is ethical and just without any regard to the background of the situation or
person.
categorical imperative
✓~ This rule asks you to consider whether the rationale for your action is suitable to become
a universal law or principle for everyone to follow (what if everyone did it?)
Eight Steps to Sound Ethical Decision Making in Business
✓~ 1. GATHER THE FACTS
2. DEFINE THE ETHICAL ISSUES
3. IDENTIFY THE AFFECTED PARTIES (THE STAKEHOLDERS)
4. IDENTIFY THE CONSEQUENCES
5. IDENTIFY THE OBLIGATIONS
6. CONSIDER YOUR CHARACTER AND INTEGRITY
7. THINK CREATIVELY ABOUT POTENTIAL ACTIONS
8. CHECK YOUR GUT
moral disengagement
✓~ Deactivating your internal Ethical self control to act unethically without feeling bad.
8 moral disengagement mechanisms
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