geb4 - natural, rational, and morally right ETHICS ethics -...

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Chapter 3 Learning Objectives After studying this chapter, you should be able to: 1. Define what culture is and articulate its two main  manifestations: language and religion 2. Discuss how cultures systematically differ from each other  3. Understand the importance of ethics and ways to combat  corruption 4. Identify norms associated with strategic responses when  firms deal with ethical challenges 5. Participate in three leading debates on cultures, ethics, and  norms 6. Draw implications for action
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WHERE DO INFORMAL INSTITUTIONS  COME FROM? informal institutions   - cultures, ethics, and norms socially transmitted information and are part of the heritage that  we call  cultures, ethics, and norms ethnocentrism   -   self-centered mentality within a society;  people tend to perceive their own culture, ethics, and norms as 
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Unformatted text preview: natural, rational, and morally right ETHICS ethics - principles, standards, and norms of conduct governing individual and firm behavior code of conduct - set of guidelines for making ethical decisions ethical relativism -When in Rome, do as the Romans do ethical imperialism - absolute belief that there is only one set of Ethics (with a capital E), and we have it corruption - abuse of public power for private benefits usually in the form of bribery Foreign Corrupt Practices Act (FCPA) - US law enacted in 1977 that bans bribery to foreign officials norms - prevailing practices of relevant players that affect the focal individuals and firms...
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geb4 - natural, rational, and morally right ETHICS ethics -...

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