MAN1006: Introduction to Management (Groups~BBA1G-I) Lecture 1 – The Evolution of Management Lecturer: Oswy Gayle Wednesday September 17, 2008 University of Technology, Jamaica School of Business Administration
1. What is ethics? How it relates to behaviour governed by law and free choice? 2. Approaches to evaluating ethical behaviour 3. How individuals and organizations shape ethical decision making 4. What is corporate social responsibility? Its importance. 5. Ethical leadership and organizational structures 6. Balancing stakeholders interest L E A R N I N G O B J E C T I V E S
Managerial Ethics and Corporate Social Responsibility
This Lecture builds on the idea of corporate culture and aspects of the international and internal environment
For approximately 15 minutes, men and women, including the elderly , went in and out of the building, which had already lost its roof , leaving with disposable diapers, a variety of beverages in crates, furniture, other food items in black plastic bags, along with empty bottles. The line of people entering the building only ended when the store had been emptied of its contents .
This man in Long Bay, Portland, makes off with two crates of Guinness after the roof and outer walls of a bar were destroyed by the brute force winds of Tropical Storm Gustav
My managers tell me they have been taught to suggest a penalty that encourages payment. All that does is encourage more corruption.
“ We have corrupt officers in customs and, unless you can find them red-handed, the ones you tend to catch are the stupid ones . These are educated people , but they are corrupt and therefore they are smart and they know the customs procedures and therefore catching them in the act is not as simple," Walker explains.
ethics refers to standards of behavior that tell us how human beings ought to act in the many situations
Do these statistics look familiar? Fig. 1. Survey respondents felt that the construction industry, in general, is tainted by acts they consider unethical, such as unauthorized use of equipment or supplies and mis-reporting of costs. ( FMI, a Raleigh, N.C.-based firm)
A company is hoping to build a new manufacturing plant overseas. You could save 5 million if you do not install standard pollution control equipment that is required. The plan will employ local workers. Not doing so would also potentially affect the fishing industry in the village. What do you do?
Any group within or outside the organization that has a stake in the organization’s performance
Has a different criterion of responsiveness
Has a different interest in the company
Environmental Responsibility Commitment Activist Approach Stakeholder Approach Market Approach Legal Approach The Shades of Corporate Green
Evaluating Total Corporate Social Responsibility Performance Economic Responsibility Legal Responsibility Ethical Responsibility Discretionary Responsibility Ethical Dilemma: Should We Go Beyond the Law?