Professional Documents
Culture Documents
Ethics and Stake Holders Responsbiltys in Organizations 162
Ethics and Stake Holders Responsbiltys in Organizations 162
Stakeholder
Social Responsibility
Cultural Forces
Cultural Forces
Cultural Forces
Organizational Forces
A code of ethics states the principles that
employees are expected to follow when
acting on behalf of the organization.
Some recommended actions include
Create a formal ethics system
Communicate ethical expectations
Include ethical conduct as a measure of
performance evaluations
Make it acceptable to talk about ethics
Cultural Forces
Organizational Forces
Individual Forces
Moral Development
Whistle Blowing
Cultural Forces
Organizational Forces
Individual Forces
Ethical Conduct
• Individual
• Organization
Secondary Stakeholders
Governments
Media (Regulatory Agencies)
Primary Stakeholders
Customers
Political
Action Suppliers The Employees Unions
Groups/ Organization
Activists
Shareholders
Nongovernmental
Organizations
• Employees
– Pay and benefits
– Safety and health
– Rights at work/global labor standards
– Fair/ethical treatment in hiring, reviews, promotion, and related
areas
• Shareholders
– Demands for efficiency/profitability
– Viability (sustainability)
– Growth of investment
– Ethical disclosure of financial information
• Customers
– Competitive prices
– Quality and safe products
– Respect for customers’ privacy
– Concern for environment
– Truthful/ethical advertising and sales practices
• Suppliers
– Meet commitments
– Repeat business
– Fair trade practices/ethical treatment
• Proactive Responsibility
– Broad performance criteria
– Ethical norms
– Operation strategy
– Response to social pressures
– Legislative and political activities
• Social Audits