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Fundamentals
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Terms in this set (161)
Ethics: The principles that guide a person's behavior.
Legal: An act that is allowed or is in conformity with the law of the land. This means that
an act that is defined as illegal is in defiance of the stated or established laws of
a defined jurisdiction.
Legal Ethical: When the law and personal or organizational ethics are in accordance with each
other.
Legal-Unethical: Dilemma in which established laws are not in accordance or do not uphold the
ethical choice.
Illegal-Ethical: Dilemma in which the ethical choice would be in violation of established laws.
Personal Ethics: Codes, principles, and values that shape our interactions with others.
Values: The stable goals that one has or life. Thing that are most important to the
individual. Influenced by early life experiences.
Fundamentals for Success in Business - WGU.pdf Fundamentals for Success in Business - WGU.pdf Fundamentals for Success in Business - WGU
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Morals: Sets of rules that individuals develop based on cultural norms and beliefs.
Passed down through generations and characterize a cultural group.
Organizational Ethics: A brand of applied ethics that focuses on rule, principles, and standards in the
context of business activities.
Explicit Values: A well crafted mission statement that clearly states the principles that can be
widely shared. Leaders can refer to it to guide the creation of any new strategy
or initiative and note its connection to the company's principles when
addressing employees, thus reinforcing the broader ethical system.
Thought During Judgment: In several experiments, people are more likely to tell the truth when an honor
code came at the beginning of a form.
Incentives: incentive programs must provide a variety of rewards to be effective.
Companies that use pro social incentives are likely to produce happier, more
satisfied, and more loyal employees.
Cultural Norms: How peers actually behave, they tend to exert the most social influence. So if
they are lying, cheating, or stealing, the employees will most likely do the same.
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