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CHAPTER 2
Dealing With Business Ethics
BUSINESS ETHICS
Contents
I. Review of Previous Lesson
II. Lesson Objectives
III. Introduction
IV.New Lesson
V. Summary
VI.Key Terms
VII.Discussion Questions
VIII.Homework / Journal Writing
I. Review of Previous Lesson
β€’ Define the meaning of ethics
β€’ Tell the role of values in ethical decision
making
β€’ Understanding opposing ethical theories
and their limitations
II. Lesson Objectives
1. Define the term business ethics.
2. Identify an organization’s stakeholders.
3. Discuss the position that business ethics is an
oxymoron.
4. Summarize the history of business ethics.
5. Identify and propose a resolution for an ethical
dilemma in your work environment.
6. Explain how executives and employees seek to
justify unethical behavior.
II. INTRODUCTION
A large company was hiring a new CEO. The four leading
candidates worked inside the company so the board decided to ask
each candidate a very basic question. The comptroller was brought
in. "How much is 2 plus 2?" "This must be a trick question, but the
answer is 4. It will always be 4." They brought in the head of
research and development, an engineer by training. "How much is 2
plus 2?" "That depends on whether it is a positive 2 or a negative 2.
It could be 4, zero or minus 4." They brought in the head of
marketing. "The way I figure it, 2 plus 2 is 22." Finally, they brought
in legal counsel. "How much is 2 plus 2?" they asked. He looked
furtively at each board member. "How much do you want it to be?"
Tom Selleck, Commencement Speech,
Pepperdine University, 2000.
IV. New Lesson
Defining Business Ethics
Two Distinct Perspectives:
- A Descriptive summation of the
customs, attitudes, and rules that
are observed within a business. As
such, we are simply documenting
what is happening.
- A Normative (or Prescriptive)
evaluation of the degree to which
the observed customs, attitudes,
and rules can be said to be ethical.
Here we are more interested in
recommending what should be
happening
β€’ αž‘αžŸαŸ’αžŸαž“αŸˆαž–αžΈαžšαž•αŸ’αžŸαžŸαž„αž‚αŸ’αž“
អ αŸ–
-αž€αžΆαžšαžŸαŸ’αž•αŸ’αž„αŸαž”αž–αž·αž–αžŽαŸŒαž“αžΆαž’αŸ†αž–αžΈαž‘αŸ†αž•αŸ’αž“αŸ€αž˜αž‘αž˜αŸ’αž›
អ αž”αŸ‹
αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆ αž“αž·αž„αž…αŸ’αž”αžΆαž”
αŸ‹ αžŠαŸ‚αž›αžαŸ’αžšαžΌαžœαž”αžΆαž“
αžŸαŸ’αž•αŸ’αž„αŸαžšαž•αŸ’αŸ…αž€
αž“ αž»αž„αž’αžΆαž‡αžΈαžœαž€αž˜αž˜αŸ” αŸ‚αžΌαž•αŸ’αž…αŸ’αž”αžΆαŸαŸ‡ αž•αŸ’ αžΎαž„
αžαŸ’αž‚αŸ’αž“αž“
αŸ‹ αžŠαžšαž…αŸ’αž”αž„αžαŸ’αž€αž„αž―αž€αžŸαžΆαžšαž’αŸ†αž–αžΈαž’αžœαžΈαžŠαŸ‚αž›
αž€αŸ†αž–αž»αž„αž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„αŸ”
-αž€αžΆαžšαžœαžΆ αžšαž˜αŸ’αž˜αžΆαžαžΆαž˜αž”αž‘αžŠαŸ’αž‹
អ αž“ (αž¬αžαžΆαž˜αž•αŸ’αžœαž‡αž‡
αž”αž‰αŸ’αž‡
αž‡ ) αž˜αŸ’αž“αž€αžαŸ’αž˜αž·αžšαžŠαŸ‚αž›αž‘αŸ†αž•αŸ’αž“αŸ€αž˜αž‘αž˜αŸ’αž›
អ αž”αŸ‹
αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆ αž“αž·αž„αž…αŸ’αž”αžΆαž”
αŸ‹ αžŠαŸ‚αž›αž”αžΆαž“
αžŸαŸ’αž•αŸ’αž„αŸαžš αž’αžΆαž…αŸ’αž”αž“αž·αž™αžΆ αž”αžΆαž“αžαžΆαž‡αžΆαžαŸ’αž€αž˜αžŸαŸ’αžΈαž›
αž’αž˜αŸŒαŸ” αž•αŸ’αŸ…αž‘αžΈαž•αŸ’αž“αŸαŸ‡αž•αŸ’ αžΎαž„αž…αžΆαž”αŸ‹αž’αžΆαžšαž˜αž˜αžŽαŸ
αž€αžΆαž“
αŸ‹ αžŠαžšαž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“αž€
αž“ αž»αž„αž€αžΆαžšαžŸαžαž›αŸ‹αž’αž“αž»αžŸαžΆαžŸαŸ’αž“αŸ
αž’αŸ†αž–αžΈαž’αžœαžΈαžŠαŸ‚αž›αž‚αž½αžšαž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„αŸ”
Who are the Stakeholders?
- Stakeholders are those with a share or interest in a business
enterprise.
Who are the Stakeholders?
An Ethical Crisis: Is Business Ethics an Oxymoron?
β€’ αž’αž—αž·αž”αžΆαž›αž€αž·αž…αŸ’αž”αž…β€‹
αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜Corporate Governance
- αžαŸ’αž”αž–αŸαž“αž’αžŠαŸ‚αž›αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜αž’αžΆαž‡αžΈαžœαž€αž˜
ម αžαŸ’αžšαžΌαžœαž”αžΆαž“αŸ‚αžΉαž€αž“αžΆαŸ† αž“αž·αž„
αžαŸ’αž‚αž”αŸ‹αžαŸ’αž‚αž„αŸ”The system by which business
corporations are directed and controlled.
β€’ αž’αž»αž€αžŸαŸ’αž»αžΈαž˜αžΌαžšαž»αž“Oxymoron
- αž€αžΆαžšαžšαž½αž˜αž”αž‰αŸ’
αž… αžΌαž›αž‚αŸ’αž“
អ αž˜αŸ’αž“αž–αžΆαž€αž™αžŸαž‘ ុ αž–αžΈαžšαŸ‚αžΌαž…αŸ’αž”αž‡αžΆ
"αž—αžΆαž–αž•αŸ’αžŸαŸ’αž„ αŸ€αž˜αžŸαžΆ
αž„ αžšαŸ‹ αžαŸ’αžΆαž„αŸ‹" ឬ "αž”αž„αŸ’αž‚
អ jumbo" αŸ”The combination of
two contradictory terms, such as β€œdeafening silence”
or β€œjumbo shrimp.”
An Ethical Crisis:
Is Business Ethics an Oxymoron?
β€’ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒCode of ethics
- αžŸαŸ’αž αž„αŸ‹αžŠαŸ’αž‹αžšαž‡αžΆαž›αžΆ αž›αž€αŸαžŽαŸαž’αž€αžŸαžšαžšαž”αžŸαŸ’αŸ‹αžαŸ’αž€ ុម
αž αž»αž“αž˜αŸ’αž“αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆαžαŸ’αž”αž€αž”αž•αŸ’αžŠαŸ’αž‹ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›
αž’αž˜αŸŒ αžŠαŸ‚αž›αžαŸ’αžšαžΌαžœαž”αžΆαž“αžšαž…αŸ’αž”αž“αžΆαž•αŸ’ αžΎαž„ αž•αŸ’αŸ‚αžΎαž˜αž”αžΈαžŠαžŽαž“αžΆαŸ†αž’αžΆ
αžαŸ’αž‚αž”αŸ‹αžαŸ’αž‚αž„ αž“αž·αž„αž”αž»αž‚αžΆαž›αž·αž€αž€
αž“ αž»αž„αž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαž
αž“αž·αž„αž‡αž•αŸ’αžαŸ’αž˜αžΎαžŸαŸ’ αžŠαŸ‚αž›αž–αž½αž€αž•αŸ’αž‚αžαŸ’αž”αžˆαž˜αž˜αž»αžαž‡αžΆαž•αŸ’αžšαŸ€αž„
αžšαžΆαž›αŸ‹αž˜αŸ’αžαŸ’αž„αŸ”
- A company’s written standards of ethical
behavior that are designed to guide managers and
employees in making the decisions and choices they
face every day.
A Code of Ethics
The Ethics Resource Center (ERC) defines a Code of
Ethics as:
"..a central guide to support day-to-day decision making at
work. It clarifies the cornerstones of your organization – its
mission, values and principles – helping your managers,
employees and stakeholders understand how these
cornerstones translate into everyday decisions, behaviors and
actions. While some may believe codes are designed to limit
one’s actions, the best codes are actually structured to liberate
and empower people to make more effective decisions with
greater confidence."
History of Business Ethics
History of Business Ethics
Doing The Right Thing
A series of clichΓ©s:
- Consult the Company Code of Ethics
- Do what’s right for the Organizations Stakeholders
- Do what’s legal
- Do what you think is best
(β€˜use your best judgment’)
- Do the right thing.
Resolving Ethical Dilemmas - I
β€’ αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžαžΈαž–αž·αžšαž•αŸ’αž’αŸ€αž”αž“αžΉαž„αž—αžΆαž–αž•αŸ’αžŸαžΆ
ម αŸαŸ‡αžαŸ’αžšαž„αŸ‹Truth versus Loyalty
- αž•αŸ’αžšαžΎαž’αžΆαž€αž“αž·αž™αžΆ αž€αžΆαžšαž–αž·αžš αž¬αžšαž€αžΆαž—αžΆαž–αž•αŸ’αžŸαžΆ
ម αŸαŸ‡αžαŸ’αžšαž„αŸ‹αž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž”αž»αž‚αžΆαž› ឬ
αž’αž„αžΆαž€αžΆαžšαžŠαŸ‚αž›αžŸαŸ’αž»αŸ†αž±αŸ’αž™αž’αžΆαž€αž˜αž·αž“αž”αž„αŸ’αž‚
អ αž‰αž€αžΆαžšαž–αž·αžšαž•αŸ’αž“αžΆαŸαŸ‡? Do you tell the truth
or remain loyal to the person or organization that
is asking you not to reveal that truth?
β€’ រ αŸˆαž•αŸ’αž–αž›αžαžΆαžΈαž•αŸ’αž’αŸ€αž”αž“αžΉαž„αžš αŸˆαž•αŸ’αž–αž›αžŠαžœαž„
Short-Term versus Long-Term
- αž•αŸ’αžšαžΎαž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαžšαž”αžŸαŸ’αŸ‹αž’αžΆαž€αž˜αŸ’αž›αž“αžŸαž›αžœ αž·αž”αžΆαž€
រ αŸˆαž•αŸ’αž–αž›αžαžΆαžΈ αž¬αžŸαž›αžœ αž·αž”αžΆαž€αžš αŸˆαž•αŸ’αž–αž›αžŠαžœαž„αžŠαŸ‚αžšαž¬αž•αŸ’αž‘?
Does your decision have a short-term consequence or a
longer-term consequence?
Resolving Ethical Dilemmas – I (Con’t)
αž»αžšαžαž·αž’αž˜αŸŒβ€‹
αž‘αž›αŸ‹β€‹
αž“αžΉαž„β€‹
αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžŠαžΈβ€‹
αž•αŸ’αž˜αžαžΆ
ត
β€’ αž•αŸ’αžšαžΎβ€‹
αž’αžΆαž€β€‹ αž›αŸ‹β€‹
αž•αŸ’ αžΎαž‰β€‹
αžαžΆβ€‹
αž”αž‰αŸ’αž‡
អ ​
αž•αŸ’αž“αŸαŸ‡β€‹
αž‡αžΆβ€‹
αžŸαŸ’αŸ†αžŽ
ួ αžšβ€‹
αž˜αŸ’αž“β€‹
αž€αžΆαžšβ€‹
αžŠαž…αŸ’αž”αž€β€‹
αž…αžΆ ​ αž»αžšαžαž·αž’αž˜αŸŒ αž¬β€‹
αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžŠαžΈβ€‹
αž•αŸ’αž˜αžαžΆ
ត ​
αž€αžšαž»αžŽαžΆ? (αž•αŸ’αž αžΎ មួ
αžŽαžΆαžαŸ’αžŸαŸ’αž½αž›αž‡αžΆαž„?)
αž”αž»αž‚αžΆαž›αž•αŸ’αž’αŸ€αž”αž“αžΉαž„αžŸαŸ’αž αž‚αž˜αž“αŸ
β€’ αž•αŸ’αžšαžΎαž‡αž•αŸ’αžαŸ’αž˜αžΎαžŸαŸ’αžšαž”αžŸαŸ’αŸ‹αž’αžΆαž€αž“αžΉαž„αž˜αŸ’αž›αž“αž₯αž‘αž’αž·
αž–αž›αž•αŸ’αž›αžΎαž”αž»αž‚αžΆαž›αž˜αŸ’αž›
អ αž€αŸ‹ αž¬αžαŸ’αž€ ុម αž¬αžŸαŸ’αž 
αž‚αž˜αž“αŸαž‘αžΌαž›αŸ†αž‘αžΌαž›αžΆ αž•αŸ’αž‘?
Justice versus Mercy
o Do you perceive this issue as a
question of dispensing Justice or
Mercy? (and which one are you
more comfortable with?).
Individual versus Community
o Will your choice impact one
individual or a wider group or
community?
Resolving an Ethical Dilemma - II
αž•αŸ’αž‚αŸ’αž“αž›αž€αžΆαžšαžŽαŸαž•αŸ’αžŠαŸ’αž‹αŸαŸ‡αžαŸ’αžŸαžΆ αž”αžΈαŸ–Three Resolution Principles:
β€’ 'Ends-Based'- αž•αŸ’αžšαžΎαž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαž˜αž½ αžŽαžΆαž“αžΉαž„αžŸαžαž›αŸ‹αžŸαž›αž›αž’ αž’αŸ†
αž”αŸ†αžŸαž»αžšαžŸαŸ’αžαŸ’αž˜αŸ’αž›αž”αŸ‹αž˜αž“αž»αžŸαŸ’αžŸαž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“αž”αŸ†αžŸαž»αžš?
β€’ 'Rules-Based'- αž•αŸ’αžšαžΎαž“αžΉαž„αž˜αŸ’αž›αž“αž’αžœαžΈαž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„ αžαŸ’αž”αžŸαŸ’αž·αž“αž•αŸ’αž”αžΎαžαŸ’αž‚αž”αŸ‹αž‚αŸ’αž“
អ αž•αŸ’αž’αžœαžΈ
αž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαŸ‚αžΌαž…αŸ’αž”αž’αžΆαž€?
β€’ 'αž…αŸ’αž”αžΆαž”αŸ‹αž˜αŸ’αž›αžŸαŸ’' - 'αž•αŸ’αž’αžœαžΈαž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž’αžΆαž€αŸ‚αž˜αŸ’αž‘αŸ‚αžΌαž…αŸ’αž”αžŠαŸ‚αž›αž’αžΆαž€αž…αŸ’αž”αž„αŸ‹αž±αŸ’αž™αž–αž½αž€αž•αŸ’αž‚αž•αŸ’αž’αžœαžΈ
αž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž’αžΆαž€' αŸ”
β€’ β€˜Ends-Based’- which decision would provide the greatest good for
greatest good for the greatest number of people?
β€’ β€˜Rules-Based’- what would happen if everyone made the same
the same decision as you?
β€’ β€˜The Golden Rule’ – β€˜do unto others as you would have them do unto
them do unto you’.
Justifying Unethical Behavior
1. αž‡αŸ†αž•αŸ’αž“αžΏαžŠαŸ‚αž›αžαžΆαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž•αŸ’αž“αŸαŸ‡αž‚αžΊαžŸαŸ’αž αž·αžšαž•αŸ’αŸ…αž€
αž“ αž»αž„αžŠαŸ‚αž“αž€αŸ†αžŽαžšαŸ‹αžŸαŸ’αž˜αž•αŸ’αž αžšαž»αžŸαž› αž“αž·αž„
αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒ - αž•αŸ’αž“αžΆαŸαŸ‡αž‚αžΊαžαžΆαžœαžΆαž˜αž·αž“αžŠαž˜αž“αž‡αžΆ "αž–αž·αžšαž‡αžΆ" αžαž»αžŸαŸ’αž…αŸ’αž”αžΆαž”αŸ‹ αž¬αž’αžŸαŸ’αžΈαž›αž’αž˜αŸŒ
αž•αŸ’αž“αžΆαŸαŸ‡αž•αŸ’αž‘αŸ”
A belief that the activity is within reasonable ethical and legal
limits- that is, that it is not β€œreally” illegal or immoral.
2. αž‡αŸ†αž•αŸ’αž“αžΏβ€‹
αžαžΆβ€‹
αžŸαŸ’αž€αž˜αž˜αž—αžΆαž–β€‹
αž‚αžΊβ€‹
αž‡αžΆβ€‹
αžŸαž›αžαŸ’αž”αž•αŸ’αž™αžΆαž‡αž“αŸβ€‹
αžšαž”αžŸαŸ’αŸ‹
αž”αž»αž‚αžΆαž›β€‹
αž¬β€‹
αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜β€‹- αžαžΆβ€‹
αž”αž»αž‚αžΆαž›β€‹
αž•αŸ’αž“αžΆαŸαŸ‡β€‹
αž“αžΉαž„β€‹
αžαŸ’αžšαžΌαžœβ€‹
αž”αžΆαž“β€‹
αž•αŸ’αž‚β€‹
αžšαŸ†αž–αžΉαž„β€‹
αžαžΆβ€‹
αž“αžΉαž„β€‹
αž•αŸ’αž’αžœαžΈβ€‹
αžŸαŸ’αž€αž˜αž˜αž—αžΆαž–β€‹
αž•αŸ’αž“αžΆαŸαŸ‡β€‹
αŸ‚αžΌαž…αŸ’αž”αž•αŸ’αž˜αžŠαž…αŸ’αž”αŸ”
A belief that the activity is in the individual’s
or the corporation’s best interests – that the individual would
somehow be expected to undertake the activity.
Justifying Unethical Behavior
3. αž‡αŸ†αž•αŸ’αž“αžΏαžŠαŸ‚αž›αžαžΆαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž•αŸ’αž“αŸαŸ‡αž‚αžΊ "αž˜αŸ’αž›αž“αžŸαŸ’αž»αžœαžšαžαž·αž—αžΆαž–" αž•αŸ’αžαŸ’αž–αžΆαŸαŸ‡αžœαžΆαž“αžΉαž„αž˜αž·αž“αžαŸ’αžšαžΌαžœ
αž”αžΆαž“αžšαž€αž•αŸ’ αžΎαž‰αž¬αžŸαžŸαž–αžœαžŸαžΆ αž‡αžΆαžŸαžΆαž’αžΆαžšαžŽαŸˆαŸ” αž”αž‰αŸ’αž‡
អ αž§αžαŸ’αž€αž·αŸ‚αžΆαž€αž˜αž˜ αž“αž·αž„αž€αžΆαžšαžŸαžαž“αžΆ
អ
αž•αŸ’αŸ„αžŸαŸ’αžŠαž”αž”αž”αž»αžšαžΆαžŽαž˜αŸ’αž“αž€αžΆαžšαžšαž€αž•αŸ’ αžΎαž‰αŸ”
4. αž‡αŸ†αž•αŸ’αž“αžΏαžαžΆαž•αŸ’αžŠαŸ’αž‹ αžŸαžΆαžšαžŠαžšαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž‡αž½ αžαŸ’αž€ αž»αž˜αž αž»αž“
αžαŸ’αž€ αž»αž˜αž αž»αž“αž“αžΉαž„αž•αŸ’αž›αžΎαž€αžŠαž›αž„αž•αŸ’αŸ„αžŸαŸ’ αž•αŸ’αž αžΎ αžŠαžαŸ’αž˜αŸ„αŸ†αž„
αž€αžΆαžšαž–αžΆαžšαž’αžΆαž€αžŠαŸ‚αž›αž…αŸ’αž”αžΌαž›αžšαž½αž˜αž•αŸ’αŸ…αž€
αž“ αž»αž„αž•αŸ’αž“αžΆαŸαŸ‡αŸ”
3. A belief that the activity is β€œsafe” because
it will never be found out or publicized; the classic crime-and-punishment
issue of discovery.
4. A belief that because the activity helps the company, the company will
condone it and even protect the person who engages in it.
Building & Operating an Ethical Business
β€’ αžšαžαŸ’αž˜αžΌαžœβ€‹
αž±αŸ’αž™β€‹
αž˜αŸ’αž›αž“β€‹
αž€αž·αž…αŸ’αž”αž…β€‹
αžαŸ’αž–αž˜β€‹
αž•αŸ’αžαŸ’αž–αŸ€αž„β€‹
αž‡αžΆβ€‹
αž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“β€‹
αž‡αžΆαž„β€‹
αž€αžΆαžšβ€‹
αžαŸ’αž‚αŸ’αž“αž“αŸ‹β€‹
αžŠαžšβ€‹
αž•αŸ’αž’αžœαžΈβ€‹
αž•αŸ’αžšαžΏαž„β€‹
αžαŸ’αžšαžΉαž˜β€‹
αžαŸ’αžšαžΌαžœβ€‹
β€’ αžαŸ’αžšαžΌαžœαžŠαžšαž›αŸαŸ‡αž”αž„αŸ‹αž•αŸ’αž–αž›αž•αŸ’αžœαž›αžΆαž•αŸ’αŸ‚αžΎαž˜αž”αžΈαž’αž—αž·αžœαžŒαŸ’αžαžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒαž›αž˜αž’αž·αžšαžŠαŸ‚αž›αžŸαžαž›αŸ‹ "αž€αžΆαžš
αžŠαžŽαž“αžΆαŸ†αž‡αžΆαž˜αž½ αž“αžΉαž„αž€αžΆαžšαž’αžΌαžŸαŸ’αŸ„αž‰"
β€’ αžŸαžαž›αŸ‹αž€αžΆαžšαž‚αŸ’αž“αŸ†αžαŸ’αž‘αŸ‚αž›αŸ‹αž“αž·αž•αŸ’αž™αžΆαž‡αž·αžšαž•αŸ’αŸ…αž•αŸ’αž–αž›αž–αž½αž€αž•αŸ’αž‚αžαŸ’αž”αžˆαž˜αž˜αž»αžαž“αžΉαž„αž”αž‰αŸ’αž‡
អ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›
αž’αž˜αŸŒ
β€’ αž€αžΆαžšαž”αž•αŸ’αž„αŸαžΎαžš αž“αž·αž„αžšαž€αžΆαžœαž”αž”αž’αž˜αŸŒαžŸαžΆαž‡αžΈαžœαž€αž˜αž˜αž˜αŸ’αž“αž€αžΆαžšαž•αŸ’αž‡αžΏαž‘αž»αž€αž…αŸ’αž”αž·αžšαž
β€’ Requires a great deal more than simply doing the right thing
β€’ Must devote time to the development of a detailed code of
ethics that offers β€œguidance with traction”
β€’ Offer support to employees when they are faced with an
ethical dilemma
β€’ Creating and maintaining a corporate culture of trust
Review Questions
1. Describe the descriptive perspective of
business ethics.
2. Describe the normative perspective of
business ethics.
3. Who are the stakeholders?
4. Explain the three resolution principles.
5. How do you justify an unethical behavior?
SUMMARY
It is unfortunate that the media have been given so
much material on unethical corporate behavior over the last
decade. Unethical CEOs have become house-hold names to the
extent that the term business ethics seems to be more of an
oxymoron now than ever before. In such a negative
environment, it is easy to forget that businesses can and do
operate in an ethical manner and that the majority of
employees really are committed to doing the right thing in their
time at work
VI.Key Terms
1.Business Ethics
2.Code of Ethics
3.Corporate Governance
4.Ethical Dilemma
5.Oxymoron
6.Stakeholder
VII. Discussion Questions
1. Based on the history of business ethics reviewed in this
chapter, do you think the business world is becoming more or
less ethical? Explain your answer.
2. How would you propose the resolution of an ethical
dilemma using the Golden Rule?
3. Why should a short-term or long-term consequence make a
difference in resolving an ethical dilemma?
4. Of the four commonly held rationalizations for unethical
behavior proposed by Saul Gellerman, which one do you think
gets used most often? Why?
VII. Homework
β€’ Please write a reflection on your journal book(
about what you learned in this lesson).

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BE,chapter 2.pptx

  • 1. 1 CHAPTER 2 Dealing With Business Ethics BUSINESS ETHICS
  • 2. Contents I. Review of Previous Lesson II. Lesson Objectives III. Introduction IV.New Lesson V. Summary VI.Key Terms VII.Discussion Questions VIII.Homework / Journal Writing
  • 3. I. Review of Previous Lesson β€’ Define the meaning of ethics β€’ Tell the role of values in ethical decision making β€’ Understanding opposing ethical theories and their limitations
  • 4. II. Lesson Objectives 1. Define the term business ethics. 2. Identify an organization’s stakeholders. 3. Discuss the position that business ethics is an oxymoron. 4. Summarize the history of business ethics. 5. Identify and propose a resolution for an ethical dilemma in your work environment. 6. Explain how executives and employees seek to justify unethical behavior.
  • 5. II. INTRODUCTION A large company was hiring a new CEO. The four leading candidates worked inside the company so the board decided to ask each candidate a very basic question. The comptroller was brought in. "How much is 2 plus 2?" "This must be a trick question, but the answer is 4. It will always be 4." They brought in the head of research and development, an engineer by training. "How much is 2 plus 2?" "That depends on whether it is a positive 2 or a negative 2. It could be 4, zero or minus 4." They brought in the head of marketing. "The way I figure it, 2 plus 2 is 22." Finally, they brought in legal counsel. "How much is 2 plus 2?" they asked. He looked furtively at each board member. "How much do you want it to be?" Tom Selleck, Commencement Speech, Pepperdine University, 2000.
  • 6. IV. New Lesson Defining Business Ethics Two Distinct Perspectives: - A Descriptive summation of the customs, attitudes, and rules that are observed within a business. As such, we are simply documenting what is happening. - A Normative (or Prescriptive) evaluation of the degree to which the observed customs, attitudes, and rules can be said to be ethical. Here we are more interested in recommending what should be happening β€’ αž‘αžŸαŸ’αžŸαž“αŸˆαž–αžΈαžšαž•αŸ’αžŸαžŸαž„αž‚αŸ’αž“ អ αŸ– -αž€αžΆαžšαžŸαŸ’αž•αŸ’αž„αŸαž”αž–αž·αž–αžŽαŸŒαž“αžΆαž’αŸ†αž–αžΈαž‘αŸ†αž•αŸ’αž“αŸ€αž˜αž‘αž˜αŸ’αž› អ αž”αŸ‹ αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆ αž“αž·αž„αž…αŸ’αž”αžΆαž” αŸ‹ αžŠαŸ‚αž›αžαŸ’αžšαžΌαžœαž”αžΆαž“ αžŸαŸ’αž•αŸ’αž„αŸαžšαž•αŸ’αŸ…αž€ αž“ αž»αž„αž’αžΆαž‡αžΈαžœαž€αž˜αž˜αŸ” αŸ‚αžΌαž•αŸ’αž…αŸ’αž”αžΆαŸαŸ‡ αž•αŸ’ αžΎαž„ αžαŸ’αž‚αŸ’αž“αž“ αŸ‹ αžŠαžšαž…αŸ’αž”αž„αžαŸ’αž€αž„αž―αž€αžŸαžΆαžšαž’αŸ†αž–αžΈαž’αžœαžΈαžŠαŸ‚αž› αž€αŸ†αž–αž»αž„αž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„αŸ” -αž€αžΆαžšαžœαžΆ αžšαž˜αŸ’αž˜αžΆαžαžΆαž˜αž”αž‘αžŠαŸ’αž‹ អ αž“ (αž¬αžαžΆαž˜αž•αŸ’αžœαž‡αž‡ αž”αž‰αŸ’αž‡ αž‡ ) αž˜αŸ’αž“αž€αžαŸ’αž˜αž·αžšαžŠαŸ‚αž›αž‘αŸ†αž•αŸ’αž“αŸ€αž˜αž‘αž˜αŸ’αž› អ αž”αŸ‹ αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆ αž“αž·αž„αž…αŸ’αž”αžΆαž” αŸ‹ αžŠαŸ‚αž›αž”αžΆαž“ αžŸαŸ’αž•αŸ’αž„αŸαžš αž’αžΆαž…αŸ’αž”αž“αž·αž™αžΆ αž”αžΆαž“αžαžΆαž‡αžΆαžαŸ’αž€αž˜αžŸαŸ’αžΈαž› αž’αž˜αŸŒαŸ” αž•αŸ’αŸ…αž‘αžΈαž•αŸ’αž“αŸαŸ‡αž•αŸ’ αžΎαž„αž…αžΆαž”αŸ‹αž’αžΆαžšαž˜αž˜αžŽαŸ αž€αžΆαž“ αŸ‹ αžŠαžšαž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“αž€ αž“ αž»αž„αž€αžΆαžšαžŸαžαž›αŸ‹αž’αž“αž»αžŸαžΆαžŸαŸ’αž“αŸ αž’αŸ†αž–αžΈαž’αžœαžΈαžŠαŸ‚αž›αž‚αž½αžšαž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„αŸ”
  • 7. Who are the Stakeholders? - Stakeholders are those with a share or interest in a business enterprise.
  • 8. Who are the Stakeholders?
  • 9. An Ethical Crisis: Is Business Ethics an Oxymoron? β€’ αž’αž—αž·αž”αžΆαž›αž€αž·αž…αŸ’αž”αž…β€‹ αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜Corporate Governance - αžαŸ’αž”αž–αŸαž“αž’αžŠαŸ‚αž›αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜αž’αžΆαž‡αžΈαžœαž€αž˜ ម αžαŸ’αžšαžΌαžœαž”αžΆαž“αŸ‚αžΉαž€αž“αžΆαŸ† αž“αž·αž„ αžαŸ’αž‚αž”αŸ‹αžαŸ’αž‚αž„αŸ”The system by which business corporations are directed and controlled. β€’ αž’αž»αž€αžŸαŸ’αž»αžΈαž˜αžΌαžšαž»αž“Oxymoron - αž€αžΆαžšαžšαž½αž˜αž”αž‰αŸ’ αž… αžΌαž›αž‚αŸ’αž“ អ αž˜αŸ’αž“αž–αžΆαž€αž™αžŸαž‘ ុ αž–αžΈαžšαŸ‚αžΌαž…αŸ’αž”αž‡αžΆ "αž—αžΆαž–αž•αŸ’αžŸαŸ’αž„ αŸ€αž˜αžŸαžΆ αž„ αžšαŸ‹ αžαŸ’αžΆαž„αŸ‹" ឬ "αž”αž„αŸ’αž‚ អ jumbo" αŸ”The combination of two contradictory terms, such as β€œdeafening silence” or β€œjumbo shrimp.”
  • 10. An Ethical Crisis: Is Business Ethics an Oxymoron? β€’ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒCode of ethics - αžŸαŸ’αž αž„αŸ‹αžŠαŸ’αž‹αžšαž‡αžΆαž›αžΆ αž›αž€αŸαžŽαŸαž’αž€αžŸαžšαžšαž”αžŸαŸ’αŸ‹αžαŸ’αž€ ុម αž αž»αž“αž˜αŸ’αž“αž’αžΆαž€αž”αž”αž€αž·αžš αž·αž™αžΆαžαŸ’αž”αž€αž”αž•αŸ’αžŠαŸ’αž‹ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž› αž’αž˜αŸŒ αžŠαŸ‚αž›αžαŸ’αžšαžΌαžœαž”αžΆαž“αžšαž…αŸ’αž”αž“αžΆαž•αŸ’ αžΎαž„ αž•αŸ’αŸ‚αžΎαž˜αž”αžΈαžŠαžŽαž“αžΆαŸ†αž’αžΆ αžαŸ’αž‚αž”αŸ‹αžαŸ’αž‚αž„ αž“αž·αž„αž”αž»αž‚αžΆαž›αž·αž€αž€ αž“ αž»αž„αž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαž αž“αž·αž„αž‡αž•αŸ’αžαŸ’αž˜αžΎαžŸαŸ’ αžŠαŸ‚αž›αž–αž½αž€αž•αŸ’αž‚αžαŸ’αž”αžˆαž˜αž˜αž»αžαž‡αžΆαž•αŸ’αžšαŸ€αž„ αžšαžΆαž›αŸ‹αž˜αŸ’αžαŸ’αž„αŸ” - A company’s written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day.
  • 11. A Code of Ethics The Ethics Resource Center (ERC) defines a Code of Ethics as: "..a central guide to support day-to-day decision making at work. It clarifies the cornerstones of your organization – its mission, values and principles – helping your managers, employees and stakeholders understand how these cornerstones translate into everyday decisions, behaviors and actions. While some may believe codes are designed to limit one’s actions, the best codes are actually structured to liberate and empower people to make more effective decisions with greater confidence."
  • 14. Doing The Right Thing A series of clichΓ©s: - Consult the Company Code of Ethics - Do what’s right for the Organizations Stakeholders - Do what’s legal - Do what you think is best (β€˜use your best judgment’) - Do the right thing.
  • 15. Resolving Ethical Dilemmas - I β€’ αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžαžΈαž–αž·αžšαž•αŸ’αž’αŸ€αž”αž“αžΉαž„αž—αžΆαž–αž•αŸ’αžŸαžΆ ម αŸαŸ‡αžαŸ’αžšαž„αŸ‹Truth versus Loyalty - αž•αŸ’αžšαžΎαž’αžΆαž€αž“αž·αž™αžΆ αž€αžΆαžšαž–αž·αžš αž¬αžšαž€αžΆαž—αžΆαž–αž•αŸ’αžŸαžΆ ម αŸαŸ‡αžαŸ’αžšαž„αŸ‹αž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž”αž»αž‚αžΆαž› ឬ αž’αž„αžΆαž€αžΆαžšαžŠαŸ‚αž›αžŸαŸ’αž»αŸ†αž±αŸ’αž™αž’αžΆαž€αž˜αž·αž“αž”αž„αŸ’αž‚ អ αž‰αž€αžΆαžšαž–αž·αžšαž•αŸ’αž“αžΆαŸαŸ‡? Do you tell the truth or remain loyal to the person or organization that is asking you not to reveal that truth? β€’ រ αŸˆαž•αŸ’αž–αž›αžαžΆαžΈαž•αŸ’αž’αŸ€αž”αž“αžΉαž„αžš αŸˆαž•αŸ’αž–αž›αžŠαžœαž„ Short-Term versus Long-Term - αž•αŸ’αžšαžΎαž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαžšαž”αžŸαŸ’αŸ‹αž’αžΆαž€αž˜αŸ’αž›αž“αžŸαž›αžœ αž·αž”αžΆαž€ រ αŸˆαž•αŸ’αž–αž›αžαžΆαžΈ αž¬αžŸαž›αžœ αž·αž”αžΆαž€αžš αŸˆαž•αŸ’αž–αž›αžŠαžœαž„αžŠαŸ‚αžšαž¬αž•αŸ’αž‘? Does your decision have a short-term consequence or a longer-term consequence?
  • 16. Resolving Ethical Dilemmas – I (Con’t) αž»αžšαžαž·αž’αž˜αŸŒβ€‹ αž‘αž›αŸ‹β€‹ αž“αžΉαž„β€‹ αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžŠαžΈβ€‹ αž•αŸ’αž˜αžαžΆ ត β€’ αž•αŸ’αžšαžΎβ€‹ αž’αžΆαž€β€‹ αž›αŸ‹β€‹ αž•αŸ’ αžΎαž‰β€‹ αžαžΆβ€‹ αž”αž‰αŸ’αž‡ អ ​ αž•αŸ’αž“αŸαŸ‡β€‹ αž‡αžΆβ€‹ αžŸαŸ’αŸ†αžŽ ួ αžšβ€‹ αž˜αŸ’αž“β€‹ αž€αžΆαžšβ€‹ αžŠαž…αŸ’αž”αž€β€‹ αž…αžΆ ​ αž»αžšαžαž·αž’αž˜αŸŒ αž¬β€‹ αž•αŸ’αžŸαŸ’αž…αŸ’αž”αž€αžŠαžΈβ€‹ αž•αŸ’αž˜αžαžΆ ត ​ αž€αžšαž»αžŽαžΆ? (αž•αŸ’αž αžΎ មួ αžŽαžΆαžαŸ’αžŸαŸ’αž½αž›αž‡αžΆαž„?) αž”αž»αž‚αžΆαž›αž•αŸ’αž’αŸ€αž”αž“αžΉαž„αžŸαŸ’αž αž‚αž˜αž“αŸ β€’ αž•αŸ’αžšαžΎαž‡αž•αŸ’αžαŸ’αž˜αžΎαžŸαŸ’αžšαž”αžŸαŸ’αŸ‹αž’αžΆαž€αž“αžΉαž„αž˜αŸ’αž›αž“αž₯αž‘αž’αž· αž–αž›αž•αŸ’αž›αžΎαž”αž»αž‚αžΆαž›αž˜αŸ’αž› អ αž€αŸ‹ αž¬αžαŸ’αž€ ុម αž¬αžŸαŸ’αž  αž‚αž˜αž“αŸαž‘αžΌαž›αŸ†αž‘αžΌαž›αžΆ αž•αŸ’αž‘? Justice versus Mercy o Do you perceive this issue as a question of dispensing Justice or Mercy? (and which one are you more comfortable with?). Individual versus Community o Will your choice impact one individual or a wider group or community?
  • 17. Resolving an Ethical Dilemma - II αž•αŸ’αž‚αŸ’αž“αž›αž€αžΆαžšαžŽαŸαž•αŸ’αžŠαŸ’αž‹αŸαŸ‡αžαŸ’αžŸαžΆ αž”αžΈαŸ–Three Resolution Principles: β€’ 'Ends-Based'- αž•αŸ’αžšαžΎαž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαž˜αž½ αžŽαžΆαž“αžΉαž„αžŸαžαž›αŸ‹αžŸαž›αž›αž’ αž’αŸ† αž”αŸ†αžŸαž»αžšαžŸαŸ’αžαŸ’αž˜αŸ’αž›αž”αŸ‹αž˜αž“αž»αžŸαŸ’αžŸαž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“αž”αŸ†αžŸαž»αžš? β€’ 'Rules-Based'- αž•αŸ’αžšαžΎαž“αžΉαž„αž˜αŸ’αž›αž“αž’αžœαžΈαž•αŸ’αž€αžΎαžšαž•αŸ’ αžΎαž„ αžαŸ’αž”αžŸαŸ’αž·αž“αž•αŸ’αž”αžΎαžαŸ’αž‚αž”αŸ‹αž‚αŸ’αž“ អ αž•αŸ’αž’αžœαžΈ αž€αžΆαžšαžŸαŸ’αž•αŸ’αžαŸ’αž˜αž…αŸ’αž”αž…αŸ’αž”αž·αžšαžαŸ‚αžΌαž…αŸ’αž”αž’αžΆαž€? β€’ 'αž…αŸ’αž”αžΆαž”αŸ‹αž˜αŸ’αž›αžŸαŸ’' - 'αž•αŸ’αž’αžœαžΈαž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž’αžΆαž€αŸ‚αž˜αŸ’αž‘αŸ‚αžΌαž…αŸ’αž”αžŠαŸ‚αž›αž’αžΆαž€αž…αŸ’αž”αž„αŸ‹αž±αŸ’αž™αž–αž½αž€αž•αŸ’αž‚αž•αŸ’αž’αžœαžΈ αž…αŸ’αž”αŸ†αž•αŸ’αž–αžΆαŸαŸ‡αž’αžΆαž€' αŸ” β€’ β€˜Ends-Based’- which decision would provide the greatest good for greatest good for the greatest number of people? β€’ β€˜Rules-Based’- what would happen if everyone made the same the same decision as you? β€’ β€˜The Golden Rule’ – β€˜do unto others as you would have them do unto them do unto you’.
  • 18. Justifying Unethical Behavior 1. αž‡αŸ†αž•αŸ’αž“αžΏαžŠαŸ‚αž›αžαžΆαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž•αŸ’αž“αŸαŸ‡αž‚αžΊαžŸαŸ’αž αž·αžšαž•αŸ’αŸ…αž€ αž“ αž»αž„αžŠαŸ‚αž“αž€αŸ†αžŽαžšαŸ‹αžŸαŸ’αž˜αž•αŸ’αž αžšαž»αžŸαž› αž“αž·αž„ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒ - αž•αŸ’αž“αžΆαŸαŸ‡αž‚αžΊαžαžΆαžœαžΆαž˜αž·αž“αžŠαž˜αž“αž‡αžΆ "αž–αž·αžšαž‡αžΆ" αžαž»αžŸαŸ’αž…αŸ’αž”αžΆαž”αŸ‹ αž¬αž’αžŸαŸ’αžΈαž›αž’αž˜αŸŒ αž•αŸ’αž“αžΆαŸαŸ‡αž•αŸ’αž‘αŸ” A belief that the activity is within reasonable ethical and legal limits- that is, that it is not β€œreally” illegal or immoral. 2. αž‡αŸ†αž•αŸ’αž“αžΏβ€‹ αžαžΆβ€‹ αžŸαŸ’αž€αž˜αž˜αž—αžΆαž–β€‹ αž‚αžΊβ€‹ αž‡αžΆβ€‹ αžŸαž›αžαŸ’αž”αž•αŸ’αž™αžΆαž‡αž“αŸβ€‹ αžšαž”αžŸαŸ’αŸ‹ αž”αž»αž‚αžΆαž›β€‹ αž¬β€‹ αžŸαžΆαž‡αžΈαžœαž€αž˜αž˜β€‹- αžαžΆβ€‹ αž”αž»αž‚αžΆαž›β€‹ αž•αŸ’αž“αžΆαŸαŸ‡β€‹ αž“αžΉαž„β€‹ αžαŸ’αžšαžΌαžœβ€‹ αž”αžΆαž“β€‹ αž•αŸ’αž‚β€‹ αžšαŸ†αž–αžΉαž„β€‹ αžαžΆβ€‹ αž“αžΉαž„β€‹ αž•αŸ’αž’αžœαžΈβ€‹ αžŸαŸ’αž€αž˜αž˜αž—αžΆαž–β€‹ αž•αŸ’αž“αžΆαŸαŸ‡β€‹ αŸ‚αžΌαž…αŸ’αž”αž•αŸ’αž˜αžŠαž…αŸ’αž”αŸ” A belief that the activity is in the individual’s or the corporation’s best interests – that the individual would somehow be expected to undertake the activity.
  • 19. Justifying Unethical Behavior 3. αž‡αŸ†αž•αŸ’αž“αžΏαžŠαŸ‚αž›αžαžΆαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž•αŸ’αž“αŸαŸ‡αž‚αžΊ "αž˜αŸ’αž›αž“αžŸαŸ’αž»αžœαžšαžαž·αž—αžΆαž–" αž•αŸ’αžαŸ’αž–αžΆαŸαŸ‡αžœαžΆαž“αžΉαž„αž˜αž·αž“αžαŸ’αžšαžΌαžœ αž”αžΆαž“αžšαž€αž•αŸ’ αžΎαž‰αž¬αžŸαžŸαž–αžœαžŸαžΆ αž‡αžΆαžŸαžΆαž’αžΆαžšαžŽαŸˆαŸ” αž”αž‰αŸ’αž‡ អ αž§αžαŸ’αž€αž·αŸ‚αžΆαž€αž˜αž˜ αž“αž·αž„αž€αžΆαžšαžŸαžαž“αžΆ អ αž•αŸ’αŸ„αžŸαŸ’αžŠαž”αž”αž”αž»αžšαžΆαžŽαž˜αŸ’αž“αž€αžΆαžšαžšαž€αž•αŸ’ αžΎαž‰αŸ” 4. αž‡αŸ†αž•αŸ’αž“αžΏαžαžΆαž•αŸ’αžŠαŸ’αž‹ αžŸαžΆαžšαžŠαžšαžŸαŸ’αž€αž˜αž˜αž—αžΆαž–αž‡αž½ αžαŸ’αž€ αž»αž˜αž αž»αž“ αžαŸ’αž€ αž»αž˜αž αž»αž“αž“αžΉαž„αž•αŸ’αž›αžΎαž€αžŠαž›αž„αž•αŸ’αŸ„αžŸαŸ’ αž•αŸ’αž αžΎ αžŠαžαŸ’αž˜αŸ„αŸ†αž„ αž€αžΆαžšαž–αžΆαžšαž’αžΆαž€αžŠαŸ‚αž›αž…αŸ’αž”αžΌαž›αžšαž½αž˜αž•αŸ’αŸ…αž€ αž“ αž»αž„αž•αŸ’αž“αžΆαŸαŸ‡αŸ” 3. A belief that the activity is β€œsafe” because it will never be found out or publicized; the classic crime-and-punishment issue of discovery. 4. A belief that because the activity helps the company, the company will condone it and even protect the person who engages in it.
  • 20. Building & Operating an Ethical Business β€’ αžšαžαŸ’αž˜αžΌαžœβ€‹ αž±αŸ’αž™β€‹ αž˜αŸ’αž›αž“β€‹ αž€αž·αž…αŸ’αž”αž…β€‹ αžαŸ’αž–αž˜β€‹ αž•αŸ’αžαŸ’αž–αŸ€αž„β€‹ αž‡αžΆβ€‹ αž•αŸ’αžαŸ’αž…αŸ’αž”αžΎαž“β€‹ αž‡αžΆαž„β€‹ αž€αžΆαžšβ€‹ αžαŸ’αž‚αŸ’αž“αž“αŸ‹β€‹ αžŠαžšβ€‹ αž•αŸ’αž’αžœαžΈβ€‹ αž•αŸ’αžšαžΏαž„β€‹ αžαŸ’αžšαžΉαž˜β€‹ αžαŸ’αžšαžΌαžœβ€‹ β€’ αžαŸ’αžšαžΌαžœαžŠαžšαž›αŸαŸ‡αž”αž„αŸ‹αž•αŸ’αž–αž›αž•αŸ’αžœαž›αžΆαž•αŸ’αŸ‚αžΎαž˜αž”αžΈαž’αž—αž·αžœαžŒαŸ’αžαžαŸ’αž€αž˜αžŸαŸ’αžΈαž›αž’αž˜αŸŒαž›αž˜αž’αž·αžšαžŠαŸ‚αž›αžŸαžαž›αŸ‹ "αž€αžΆαžš αžŠαžŽαž“αžΆαŸ†αž‡αžΆαž˜αž½ αž“αžΉαž„αž€αžΆαžšαž’αžΌαžŸαŸ’αŸ„αž‰" β€’ αžŸαžαž›αŸ‹αž€αžΆαžšαž‚αŸ’αž“αŸ†αžαŸ’αž‘αŸ‚αž›αŸ‹αž“αž·αž•αŸ’αž™αžΆαž‡αž·αžšαž•αŸ’αŸ…αž•αŸ’αž–αž›αž–αž½αž€αž•αŸ’αž‚αžαŸ’αž”αžˆαž˜αž˜αž»αžαž“αžΉαž„αž”αž‰αŸ’αž‡ អ αžαŸ’αž€αž˜αžŸαŸ’αžΈαž› αž’αž˜αŸŒ β€’ αž€αžΆαžšαž”αž•αŸ’αž„αŸαžΎαžš αž“αž·αž„αžšαž€αžΆαžœαž”αž”αž’αž˜αŸŒαžŸαžΆαž‡αžΈαžœαž€αž˜αž˜αž˜αŸ’αž“αž€αžΆαžšαž•αŸ’αž‡αžΏαž‘αž»αž€αž…αŸ’αž”αž·αžšαž β€’ Requires a great deal more than simply doing the right thing β€’ Must devote time to the development of a detailed code of ethics that offers β€œguidance with traction” β€’ Offer support to employees when they are faced with an ethical dilemma β€’ Creating and maintaining a corporate culture of trust
  • 21. Review Questions 1. Describe the descriptive perspective of business ethics. 2. Describe the normative perspective of business ethics. 3. Who are the stakeholders? 4. Explain the three resolution principles. 5. How do you justify an unethical behavior?
  • 22. SUMMARY It is unfortunate that the media have been given so much material on unethical corporate behavior over the last decade. Unethical CEOs have become house-hold names to the extent that the term business ethics seems to be more of an oxymoron now than ever before. In such a negative environment, it is easy to forget that businesses can and do operate in an ethical manner and that the majority of employees really are committed to doing the right thing in their time at work
  • 23. VI.Key Terms 1.Business Ethics 2.Code of Ethics 3.Corporate Governance 4.Ethical Dilemma 5.Oxymoron 6.Stakeholder
  • 24. VII. Discussion Questions 1. Based on the history of business ethics reviewed in this chapter, do you think the business world is becoming more or less ethical? Explain your answer. 2. How would you propose the resolution of an ethical dilemma using the Golden Rule? 3. Why should a short-term or long-term consequence make a difference in resolving an ethical dilemma? 4. Of the four commonly held rationalizations for unethical behavior proposed by Saul Gellerman, which one do you think gets used most often? Why?
  • 25. VII. Homework β€’ Please write a reflection on your journal book( about what you learned in this lesson).