Session:5 The Impact of Culture and Time on Business Ethics
Key Terms
Business Ethics | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/business-ethics
- acculturation
- the cultural transmission and socialization process that stems from cultural exchange
- consumerism
- a lifestyle characterized by the acquisition of goods and services
- enculturation
- the process by which humans learn the rules, customs, skills, and values to participate in a society
- humanistic business model
- a business model for balancing profitability and responsibility fairly, especially with regard to stakeholders
- localization
- the process of adapting a product for non-native environments and languages, especially in other nations and cultures
- mercantilism
- the economic theory that global wealth is static and prosperity comes from the accumulation of wealth through extraction of resources or trade
- moral agency
- the self-awareness, freedom, and ability to make choices based on one’s perception of right and wrong
- universal values
- ethical principles that apply everywhere despite differences in time, geography, and culture