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

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

Chapter 6-3 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 6-4 Sources of Ethical Norms Fellow Workers Family Friends The Law Regions of Country Profession Employer Society at Large Local Community Religious Beliefs The Individual Conscience

Chapter 6-5 Ethics, Economics, and Law

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

Chapter 6-7 Developing Moral Judgment

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