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Organizational ethical development model. Stage 5 DEVELOPED ETHICAL Driven by carefully thought out principles Stage 4 EMERGING ETHICAL Seeks a balance between ethics and profit. Firm has ethical artifacts such as codes and ethics committees
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Stage 5 DEVELOPED ETHICAL Driven by carefully thought out principles • Stage 4 EMERGING ETHICAL Seeks a balance between ethics and profit. • Firm has ethical artifacts such as codes and ethics committees • Stage 3 RESPONSIVE Seeks ways to help the local community • Recognizes socially responsible behaviour is in the best economic interest of the firm
Stage 2 LEGALISTIC Follows the letter of the law • What is legal is ethical • Stage 1 AMORAL maximum profitability at all costs • Owners and managers are key stakeholders Source Reidenbach R E and Robin D P, A Conceptual Model of Corporate Moral Development, Journal of Business Ethics April 1991 vol 10 page 274