By Terence Tsai (auth.)
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Extra resources for Corporate Environmentalism in China and Taiwan
These are value-laden decisions, affected by the values and ethics of management’. Corporate ethics is a subset of business ethics in the sense that it is narrower in scope. Sorell and Hendry (1994) used the terms narrow and broad business ethics to distinguish between the two. 1. A code of ethics for a ﬁrm is narrow when its provisions concern only those employed in the business or, in addition, only groups who are directly concerned ﬁnancially, such as shareholders or current customers. By contrast, a code of ethics for a business is broad when it assigns responsibilities not only to all those implicated by a narrow code, but also to the community or society in general, or to the (natural) environment.
The observation is interpreted as a form of ‘structural isomorphism between structures of states and organisations operating under their jurisdiction’ (Carroll et al. 1990; Gladwin 1993). The host countries may exhibit a rather confusing and contradictory ‘love-hate’ behaviour in their dealings with MNCs.
What effect do we have on each in political, economic, and social terms? * How do the stakeholders perceive these effects? dominant organisational values? * What are the values of the key executives and board members? * What are the values of the key stakeholders? major issues (economic, political, social, technological) facing our society over the next ten years? * How do these issues affect our company and our stakeholders? g. ‘issues management’ and ‘public relations’. • Type 2: Ethics as a systemic constraint – ethical norms are incorporated not through the logic of self-interest but through systemic constraints on the choice of business goals.