Long term goals for firms cccrms increasing firms

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LONG TERM GOALS FOR FIRMS (CCCRMS)
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[ ] Increasing firms rating [ ] Increasing competitive power [ ] Enhanced company image [ ] Enhanced staff morale [ ] Higher credibility [ ] Increasing firms market value PRINCIPLE OF GOOD CCORPORATE GOVERNANCE (FART) [ ] Fairness [ ] Accountability [ ] Responssibility [ ] Transparency ISSUES OF GOVT • Macro level [ ] Const reform [ ] Role of govt [ ] Legislative [ ] Judiciary [ ] Military [ ] Political market • Micro [ ] Govt deeprtmnt [ ] State owned enterprise [ ] Organization in civil society affairs [ ] NGOS [ ] informal inst ETHICS • Disciplinee that examines good or bad prac • Set of moral principles that distibguish what is right or wrong • Brach of philo with no clear cut definition • No general or global consensus for defining since it changes from time to time • No universal measure CORE ETHICAL PRINCIPLES (RHODAF) [ ] Responsiveness [ ] Honesty [ ] Openness [ ] Diligence [ ] Accountability [ ] Fairness MORAL CONDUCT • Behavior of what is right or wrong
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• Inner guding principles that people use to interpret and decide what is right and appropriate way to behave • Moral standard of right and wrong in conduct, judgment and behavior PRINCIPLES APPROACH TO ETHICS (U,RJ, C, VS G) *you, rj and christian versus God [ ] Utilitarianism • Ratio of good to evil • Consequentialist theory [ ] Rights • Protecting moral or legal rights [ ] Justice • Fair treatment of people [ ] Caring • Person as relational(cooperative) and not as indv. [ ] Virtue ethics • Indv. Imbued with virtues [ ] Servant leadership • HELPS- Healing, Empathy, Listening, Persuasion, Stewardship [ ] Golden Rule • Do to others as you would have them do unto you SOURCES OF ETHICAL NORMS(FFPEF) [ ] Family [ ] Friends [ ] Profession [ ] Employer [ ] Fellow workers BUSINESS ETHICS • What constitutes right or wrong in business • Standard of moral conduct, behaviou and judgment in business. CONSIDERATION/RATIONAL (MRPP) [ ] Moral(morality) [ ] Religious(relious idealism) [ ] Professional (service oriented tenents of professionalism) [ ] Profit (material gain, benefits) NORMATIVE THEORIES [ ] Consequentialist approach • Moral rightness of an action is determined solely by its result • Weighing the ratio of good to bad that action likely to produce • Right act produce at least great ratio of good to evil 2 important consequentialist 1. Egoism
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2. Utilitarianism
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