Monitor your own overconfidence- stay humble o Monitor your own rationalizations (page 470) Don’t say “ I know I shouldn’t do this, but…”
Mind the slippery slope- do not disregard even small unethical decisions in your workplace/relationship, be worried Pre script- Visualize yourself doing these things first, think about what you would do in different scenarios before they actually happen Act courageously, it’s okay to be independent/different Advocate effectively- go against the unethical decisions Think first. Consider problems you may face in your career then write down how you would ethically solve it before they actually occur Fundamental attribution error: people’s tendency to underestimate how situational factors affect others’ decisions and to overestimate how much they affect their own In other words, people do bad things b/c they are bad but if we do bad things it’s just because we had to =8 Corporate Social Responsibility (page 474): notion that corporations and other types of firms have moral responsibilities that are more than just to maximize profits for their shareholders (nearly unanimous) Pro- CSR Responsibilities: Guard against doing harm Expend money and resources to make the world a better place Sustainability: think about well being of future generations This is an increasing importance for corporations CSR’s cousin Group dynamics: groups of employees often behave very differently than nay single employee would have behaved in isolation (479) Anti- CSR John Ladd Milton Friedman John Marshall Corporations are not moral agents and have no moral duty Not widely accepted Corporations are essentially machines Corporate Social Responsiveness: Going beyond their duty Improving their local community Is it appropriate? –different views The agents of capital view: they do not owe a duty, they are agents of capital, not of morality Agents of society view: purpose of a corp is to serve the general welfare of the community, responsiveness is morally required CSR Abroad: 483 Social enterprise/social entrepreneurship: focus is going more on non- profits and making companies that benefit the greater good
Corporate Ethics on the global stage: 485 o Ethical complications arise very quickly in foreign matters o You can “go native” and follow the cultural norms o Integrated social contract theory Middle circle- hypernorms- norms accepted in all cultures Next circle- consistent norms Next circle- moral free space- unique cultural beliefs Out of the circle- illegitimate norms- incompatible with hypernorms (torture/genocide/mass rape) How to make sure employees act ethical/moral 487 o Cultivate an ethical culture Start with a code of conduct that is created by many people Top executives need to follow it completely Punish employees that do not follow code
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