Chapter 6 Prepared by Deborah Baker Texas Christian

Chapter 6 Prepared by Deborah Baker Texas Christian University Chapter 6 -1 § BUSINESS’S ETHICS FUNDAMENTALS BUSINESS & SOCIETY Ethics and Stakeholder Management Carroll & Buchholtz 6 e Business and Society: Ethics and Stakeholder Management, 6 e • Carroll & Buchholtz Copyright © 2006 by South-Western, a division of Thomson Learning. All rights reserved

Chapter 6 Learning Outcomes 1. 2. Describe how the public regards business ethics. 3. 4. Explain the conventional approach to business ethics. 5. Enumerate and discuss the four important ethics questions. 6. 7. Identify and explain three models of management ethics. 8. Identify and discuss the elements of moral judgment. Define business ethics and appreciate the complexities of making ethical judgments. Analyze economic, legal, and ethical aspects of business using a Venn Model. Describe Kohlberg’s three levels of developing moral judgment. Chapter 6 -2

Chapter 6 Outline § § § § § The Public’s Opinion of Business Ethics What Does Business Ethics Mean? Ethics, Economics and Law: A Venn Model Four Important Ethics Questions Three Models of Management Ethics Making Moral Management Actionable Developing Moral Judgment Elements of Moral Judgment Summary Chapter 6 -3

Sources of Ethical Norms Fellow Workers Family Chapter 6 -4 Local Community Regions of Country The Individual Profession Friends Conscience Employer The Law Religious Beliefs Society at Large

Ethics, Economics, and Law Chapter 6 -5

Three Models of Management Morality and Emphasis on CSR Chapter 6 -6

Developing Moral Judgment Chapter 6 -7

Selected Key Terms § § amoral management § § descriptive ethics business ethics compliance strategy conventional approach to business ethical relativism ethics immoral management Chapter 6 -8 § § integrity strategy § Kohlberg’s levels of moral development § § moral development intentional amoral management normative ethics unintentional amoral management