Wednesday, August 6, 2014

Management Ethics

2 broad ethical theories
consequential principles
non-consequential principles

Business Ethics applies the above theories in context of for-profit organizations

Organizational (neg) influence on employee ethics is caused by:
- unusually high rewards
- unusually severe punishments
- overemphasis on results

Approaches to social responsibility, (ie. societal demands made on companies)
- resistance approach - eliminate, delay, fend off demands
- reactive approach - companies wait for demands and respond accordingly
- proactive approach - companies look for needs and find ways to meet them

definitions:
Morality - core values and beliefs that act as guide for actions
SOX - Sarbanes-Oxley Act - CEO, CFO of public companies must accurately report financial reports
ethical dilemma - all course of actions are unethical

What do people want from their jobs? How do we motivate them?
We take a look at Herzberg's Motivational-Hygiene Theory, aka Herzberg's Two Factor Theory, to answer these questions about employee satisfaction.

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