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Fourth bottom line is a concept extended from the triple bottom line; instead of simply focusing on the 3 Ps: people, planet and profit, this concept involves extending to a fourth factor which not only has motivation for a business but also transcends to a humanistic value and beyond by factoring in terms such as "spirituality", "ethics ...
The Oz Principle: Getting Results Through Individual and Organizational Accountability is a leadership book written by Roger Connors, Tom Smith, and Craig Hickman. [1] [2] It was first published in 1994. The book, which borrows its title from The Wonderful Wizard of Oz, discusses accountability and results. [3]
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Accountability, in terms of ethics and governance, is equated with answerability, culpability, liability, and the expectation of account-giving. [ 1 ] As in an aspect of governance , it has been central to discussions related to problems in the public sector , nonprofit , private ( corporate ), and individual contexts.
It is mentioned that Christianity has the potential to transform the nature of finance and investment but only if theologians and ethicist provide more evidence of what is real in the economic life. [221] Business ethics receives an extensive treatment in Jewish thought and Rabbinic literature, both from an ethical and a legal perspective; see ...
Accountability for reasonableness is an ethical framework that describes the conditions of a fair decision-making process. It focuses on how decisions should be made and why these decisions are ethical. It was developed by Norman Daniels and James Sabin and is often applied in health policy and bioethics. [1]
The function of developing and implementing business ethics in an organization is difficult. Due to each organization's culture and atmosphere being different, there is no clear or specific way to implement a code of ethics in an existing business. Business ethics implementation can be categorized into two groups; formal and informal measures.
It is an example of professional ethics. Accounting was introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors.