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3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
3600ethics
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3600ethics

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    1. The Ethical and Social Environment Week of 1-21
    2. Determinants of Individual Ethics Family Individual Events Individual Ethics Peers Values and Morals
    3. Individual Ethics <ul><li>Ethical Behavior </li></ul><ul><ul><li>Ethical behavior is in the eye of the beholder </li></ul></ul><ul><ul><li>However, it also refers to behavior that conforms to generally accepted social norms </li></ul></ul><ul><ul><li>Best guide for individual ethics is to ask yourself “Would it be okay if Mom knew I was doing this?” </li></ul></ul>
    4. Individual Ethics <ul><li>Are these behaviors unethical? </li></ul><ul><ul><li>Using office supplies for personal use </li></ul></ul><ul><ul><li>“Surfing the Net” on business time </li></ul></ul><ul><ul><li>Selling a product you know to be defective </li></ul></ul><ul><ul><li>Selling company stock before the general public knows about something that will decrease the value of that stock. </li></ul></ul>
    5. ? Discussion Questions ? <ul><li>Have you ever been faced with an ethical dilemma at work? </li></ul><ul><li>What happened, and how did you resolve the issue? </li></ul>
    6. Individual Ethics <ul><li>Problem is that ambiguous situations can be interpreted in different ways </li></ul>
    7. Ethics in Organizations <ul><li>Managing Ethical Behavior </li></ul><ul><ul><li>Must begin with top management </li></ul></ul><ul><ul><li>Training </li></ul></ul><ul><ul><li>Code of Ethics </li></ul></ul><ul><ul><ul><li>A formal, written statement of the values and ethical standards that guides a firm’s actions </li></ul></ul></ul><ul><ul><li>Individual behavior </li></ul></ul>
    8. Arguments for Social Responsibility <ul><li>Business creates problems and should therefore help to solve them </li></ul><ul><li>Corporations are citizens in our society </li></ul><ul><li>Business often has the resources necessary to solve problems </li></ul><ul><li>Business is a partner in our society, along with the government and general population. </li></ul>
    9. Arguments Against Social Responsibility <ul><li>Business lacks the expertise to manage social programs </li></ul><ul><li>Involvement in social programs gives business too much power </li></ul><ul><li>There is potential for conflict of interest </li></ul><ul><li>The purpose of business in U.S. society is to generate profit for owners. </li></ul>
    10. Corporate Social Responsibility Hierarchy Economic Discretionary Ethical Legal
    11. Economic Responsibilities - Be Profitable <ul><li>Basic economic unit of society </li></ul><ul><li>Produce the goods and services that society wants and maximize profits for its owners </li></ul><ul><li>The only social responsibility = profit-maximizing. </li></ul>
    12. Legal Responsibilities - Obey the Law <ul><li>Local governments </li></ul><ul><li>State legislators </li></ul><ul><li>Federal regulatory agencies. </li></ul>
    13. Ethical Responsibilities - Do What is Right <ul><li>Not necessarily codified into law </li></ul><ul><li>May not serve the firm's direct economic interests </li></ul><ul><li>To be ethical organization decision makers should: </li></ul><ul><ul><li>Act with equity, fairness, and impartiality </li></ul></ul><ul><ul><li>Respect the rights of individuals </li></ul></ul><ul><ul><li>Treat individuals differently only when relevant to the organization's goals. </li></ul></ul>
    14. Discretionary Responsibilities - Contribute to Quality of Life <ul><li>Purely voluntary and guided by a company's desire to make social contributions not mandated by economics, law, or ethics </li></ul><ul><li>Philanthropic contributions </li></ul><ul><li>Goes beyond what society expects a firm to contribute to the community's welfare. </li></ul>
    15. Corporate Reactions to Ethical Crises
    16. Obstructive - Fight All the Way <ul><li>Deny all responsibility </li></ul><ul><li>Claim that evidence of wrongdoing is misleading or distorted </li></ul><ul><li>Place obstacles to delay investigation </li></ul><ul><li>Tends to occur in firms whose actions are based on economic considerations. </li></ul>
    17. Defensive - Do Only What is Legally Required <ul><li>Company admits to some errors of omission or commission </li></ul><ul><li>Defends itself but is not obstructive </li></ul><ul><li>Tend to work within the letter of the law. </li></ul>
    18. Accommodative - Accept Ethical Responsibility <ul><li>Accepts social responsibility for actions </li></ul><ul><li>Try to meet economic, legal, and ethical responsibilities </li></ul><ul><li>Curtail ethically questionable activities. </li></ul>
    19. Proactive -Take Social Initiatives <ul><li>Take the lead in social issues </li></ul><ul><li>Learn what is in the public interest and respond without pressure from stakeholders </li></ul><ul><li>Use discretionary responsibilities to enhance community welfare. </li></ul>

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