Business Ethics Fundamentals 1
Chapter Outline <ul><li>Business Ethics and Public Opinion </li></ul><ul><li>What Does Business Ethics Mean? </li></ul><ul...
Introduction  <ul><li>Business Ethics </li></ul><ul><li>Public’s interest in business ethics increased during the last fou...
Introduction <ul><li>Inventory of Ethical Issues in Business </li></ul><ul><li>Employee-Employer Relations </li></ul><ul><...
Public’s Opinion of Business Ethics <ul><li>Gallup Poll finds that only 17 percent to 20 percent of the  public thought th...
Business Ethics: What Does It Really Mean? Expected and Actual Levels of Business Ethics Ethical Problem Ethical Problem S...
Business Ethics: What Does It Really Mean? <ul><li>Definitions </li></ul><ul><li>Ethics  involves a discipline that examin...
Business Ethics: What Does It Really Mean? <ul><li>Two Key Branches of Ethics </li></ul><ul><li>Descriptive ethics  involv...
Conventional Approach to Business Ethics <ul><li>Conventional approach to business ethics involves a comparison of a decis...
Sources of Ethical Norms Fellow Workers Family Friends The Law Regions of Country Profession Employer Society at Large Fel...
Ethics and the Law <ul><li>Law often represents an ethical minimum </li></ul><ul><li>Ethics often represents a standard th...
Making Ethical Judgments Behavior or act that has been committed Prevailing norms of acceptability Value judgments and per...
Ethics, Economics, and Law 6-14
Four Important Ethical Questions <ul><li>What is? </li></ul><ul><li>What ought to be? </li></ul><ul><li>How to we get from...
3 Models of Management Ethics <ul><li>Immoral Management —A style devoid of ethical principles and active opposition to wh...
3 Models of Management Ethics Three Types Of Management Ethics Moral Amoral Immoral
Three Approaches to Management Ethics 6-18
Three Models of Management Morality and Emphasis on CSR 6-19
Moral Management Models and Acceptable Stakeholder Thinking 6-20
Making Moral Management Actionable <ul><li>Important Factors </li></ul><ul><li>Senior management </li></ul><ul><li>Ethics ...
Developing Moral Judgment 6-22
Developing Moral Judgment 6-23
Developing Moral Judgment <ul><li>External Sources of a Manager’s Values </li></ul><ul><li>Religious values </li></ul><ul>...
Developing Moral Judgment <ul><li>Internal Sources of a Manager’s Values </li></ul><ul><li>Respect for the authority struc...
Elements of Moral Judgment <ul><li>Moral imagination </li></ul><ul><li>Moral identification and ordering </li></ul><ul><li...
Elements of Moral Judgment Amoral Managers Moral Managers Moral Imagination Moral Identification Moral Evaluation Toleranc...
Selected Key Terms <ul><li>Amoral management </li></ul><ul><li>Business ethics </li></ul><ul><li>Compliance strategy </li>...
Selected Key Terms <ul><li>Amoral management </li></ul><ul><li>Business ethics </li></ul><ul><li>Ethics </li></ul><ul><li>...
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Fundamentals Of Ethics

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Fundamentals Of Ethics

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  • Fundamentals Of Ethics

    1. 1. Business Ethics Fundamentals 1
    2. 2. Chapter Outline <ul><li>Business Ethics and Public Opinion </li></ul><ul><li>What Does Business Ethics Mean? </li></ul><ul><li>Ethics, Economics and Law: Venn Model </li></ul><ul><li>Four Important Ethics Questions </li></ul><ul><li>Three Models of Management Ethics </li></ul><ul><li>Making Moral Management Actionable </li></ul><ul><li>Developing Moral Judgment </li></ul><ul><li>Elements of Moral Judgment </li></ul><ul><li>Summary </li></ul>
    3. 3. Introduction <ul><li>Business Ethics </li></ul><ul><li>Public’s interest in business ethics increased during the last four decades </li></ul><ul><li>Public’s interest in business ethics spurred by the media </li></ul>
    4. 4. Introduction <ul><li>Inventory of Ethical Issues in Business </li></ul><ul><li>Employee-Employer Relations </li></ul><ul><li>Employer-Employee Relations </li></ul><ul><li>Company-Customer Relations </li></ul><ul><li>Company-Shareholder Relations </li></ul><ul><li>Company-Community/Public Interest </li></ul>
    5. 5. Public’s Opinion of Business Ethics <ul><li>Gallup Poll finds that only 17 percent to 20 percent of the public thought the business ethics of executives to be very high or high </li></ul><ul><li>To understand public sentiment towards business ethics, ask three questions </li></ul><ul><ul><li>Has business ethics really deteriorated? </li></ul></ul><ul><ul><li>Are the media reporting ethical problems more frequently and vigorously? </li></ul></ul><ul><ul><li>Are practices that once were socially acceptable no longer socially acceptable? </li></ul></ul>
    6. 6. Business Ethics: What Does It Really Mean? Expected and Actual Levels of Business Ethics Ethical Problem Ethical Problem Society’s Expectations of Business Ethics Actual Business Ethics 1950s Early 2000s Time Business Ethics:Today vs. Earlier Period
    7. 7. Business Ethics: What Does It Really Mean? <ul><li>Definitions </li></ul><ul><li>Ethics involves a discipline that examines good or bad practices within the context of a moral duty </li></ul><ul><li>Moral conduct is behavior that is right or wrong </li></ul><ul><li>Business ethics include practices and behaviors that are good or bad </li></ul>
    8. 8. Business Ethics: What Does It Really Mean? <ul><li>Two Key Branches of Ethics </li></ul><ul><li>Descriptive ethics involves describing, characterizing and studying morality </li></ul><ul><ul><li>“ What is” </li></ul></ul><ul><li>Normative ethics involves supplying and justifying moral systems </li></ul><ul><ul><li>“ What should be” </li></ul></ul>
    9. 9. Conventional Approach to Business Ethics <ul><li>Conventional approach to business ethics involves a comparison of a decision or practice to prevailing societal norms </li></ul><ul><ul><li>Pitfall: ethical relativism </li></ul></ul><ul><li>Decision or Practice Prevailing Norms </li></ul>
    10. 10. Sources of Ethical Norms Fellow Workers Family Friends The Law Regions of Country Profession Employer Society at Large Fellow Workers Religious Beliefs The Individual Conscience
    11. 11. Ethics and the Law <ul><li>Law often represents an ethical minimum </li></ul><ul><li>Ethics often represents a standard that exceeds the legal minimum </li></ul>Ethics Law Frequent Overlap
    12. 12. Making Ethical Judgments Behavior or act that has been committed Prevailing norms of acceptability Value judgments and perceptions of the observer compared with
    13. 13. Ethics, Economics, and Law 6-14
    14. 14. Four Important Ethical Questions <ul><li>What is? </li></ul><ul><li>What ought to be? </li></ul><ul><li>How to we get from what is to what ought to be? </li></ul><ul><li>What is our motivation for acting ethically? </li></ul>
    15. 15. 3 Models of Management Ethics <ul><li>Immoral Management —A style devoid of ethical principles and active opposition to what is ethical. </li></ul><ul><li>Moral Management —Conforms to high standards of ethical behavior. </li></ul><ul><li>Amoral Management </li></ul><ul><ul><li>Intentional - does not consider ethical factors </li></ul></ul><ul><ul><li>Unintentional - casual or careless about ethical considerations in business </li></ul></ul>
    16. 16. 3 Models of Management Ethics Three Types Of Management Ethics Moral Amoral Immoral
    17. 17. Three Approaches to Management Ethics 6-18
    18. 18. Three Models of Management Morality and Emphasis on CSR 6-19
    19. 19. Moral Management Models and Acceptable Stakeholder Thinking 6-20
    20. 20. Making Moral Management Actionable <ul><li>Important Factors </li></ul><ul><li>Senior management </li></ul><ul><li>Ethics training </li></ul><ul><li>Self-analysis </li></ul>
    21. 21. Developing Moral Judgment 6-22
    22. 22. Developing Moral Judgment 6-23
    23. 23. Developing Moral Judgment <ul><li>External Sources of a Manager’s Values </li></ul><ul><li>Religious values </li></ul><ul><li>Philosophical values </li></ul><ul><li>Cultural values </li></ul><ul><li>Legal values </li></ul><ul><li>Professional values </li></ul>
    24. 24. Developing Moral Judgment <ul><li>Internal Sources of a Manager’s Values </li></ul><ul><li>Respect for the authority structure </li></ul><ul><li>Loyalty </li></ul><ul><li>Conformity </li></ul><ul><li>Performance </li></ul><ul><li>Results </li></ul>
    25. 25. Elements of Moral Judgment <ul><li>Moral imagination </li></ul><ul><li>Moral identification and ordering </li></ul><ul><li>Moral evaluation </li></ul><ul><li>Tolerance of moral disagreement and ambiguity </li></ul><ul><li>Integration of managerial and moral competence </li></ul><ul><li>A sense of moral obligation </li></ul>
    26. 26. Elements of Moral Judgment Amoral Managers Moral Managers Moral Imagination Moral Identification Moral Evaluation Tolerance of Moral Disagreement and Ambiguity Integration of Managerial and Moral Competence A Senses of Moral Obligation
    27. 27. Selected Key Terms <ul><li>Amoral management </li></ul><ul><li>Business ethics </li></ul><ul><li>Compliance strategy </li></ul><ul><li>Conventional approach to business ethics </li></ul><ul><li>Descriptive ethics </li></ul><ul><li>Ethical relativism </li></ul><ul><li>Ethics </li></ul><ul><li>Feminist Ethics </li></ul><ul><li>Immoral management </li></ul><ul><li>Integrity strategy </li></ul><ul><li>Intentional amoral management </li></ul><ul><li>Kohlberg’s levels of moral development </li></ul><ul><li>Moral development </li></ul><ul><li>Moral management </li></ul><ul><li>Normative ethics </li></ul><ul><li>Unintentional amoral management </li></ul>
    28. 28. Selected Key Terms <ul><li>Amoral management </li></ul><ul><li>Business ethics </li></ul><ul><li>Ethics </li></ul><ul><li>Immoral management </li></ul><ul><li>Levels of moral development </li></ul><ul><li>Moral management </li></ul><ul><li>Morality </li></ul>
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