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Why Study Ethics?
Management 117
Joseph Desjardins Author “Business
Ethics”
Jerry Estenson, Professor
Why?
• Need to be prepared for careers in business
• Many have been harmed by lack of attention
to ethics
• Law requires it
• Lack of knowledge creates risks in the
marketplace
Foundation of a strong strategy
Beliefs Values Purpose
Vision
Mission
Goals
Objectives
3
The Legacy Thing
Collins and Porras
• CORE IDEOLOGY
– CORE VALUES
• Organization’s essential
and enduring tenets - a
small set of guiding
principles. Not
compromised for financial
or individual political gain.
– PURPOSE
• Fundamental reason for
existence - A perpetual
guiding star on the
horizon.
Determining if a “Value” is Ethical
• Serves the end of human well-being
• Happiness, integrity, meaning, freedom,
autonomy, companionship, health.
– Smoking is Ok then
• Ethical if promote well-being in an impartial
way.
– Malden Mills – ethical, well-being, bad outcome
Ethics determine by
• Individual thinking for themselves
– “an unexamined life , is not worth living” Socrates.
• You therefore will be required to be
thoughtful.
Ethics as the law
• Law is history – ethical decisions are now
First Old Dead Guys
• “ethics deals with no small things, but how we
ought to live.” Socrates
• Ethos became ethics – customary (the rule of
tribal norms)
• Philosophical ethics – seeks a reasoned
analysis of custom and a reasoned defense of
how we “ought” to live
Business Ethics
• The ethics of those charged with acting on
behalf of a business. What should a business
manager do in various situations?
We as educated members of society
need ask:
• How should we live as an individual and a
member of society?

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Ch01WhyStudyEthics.ppt

  • 1. Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics” Jerry Estenson, Professor
  • 2. Why? • Need to be prepared for careers in business • Many have been harmed by lack of attention to ethics • Law requires it • Lack of knowledge creates risks in the marketplace
  • 3. Foundation of a strong strategy Beliefs Values Purpose Vision Mission Goals Objectives 3
  • 4. The Legacy Thing Collins and Porras • CORE IDEOLOGY – CORE VALUES • Organization’s essential and enduring tenets - a small set of guiding principles. Not compromised for financial or individual political gain. – PURPOSE • Fundamental reason for existence - A perpetual guiding star on the horizon.
  • 5. Determining if a “Value” is Ethical • Serves the end of human well-being • Happiness, integrity, meaning, freedom, autonomy, companionship, health. – Smoking is Ok then • Ethical if promote well-being in an impartial way. – Malden Mills – ethical, well-being, bad outcome
  • 6. Ethics determine by • Individual thinking for themselves – “an unexamined life , is not worth living” Socrates. • You therefore will be required to be thoughtful.
  • 7. Ethics as the law • Law is history – ethical decisions are now
  • 8. First Old Dead Guys • “ethics deals with no small things, but how we ought to live.” Socrates • Ethos became ethics – customary (the rule of tribal norms) • Philosophical ethics – seeks a reasoned analysis of custom and a reasoned defense of how we “ought” to live
  • 9. Business Ethics • The ethics of those charged with acting on behalf of a business. What should a business manager do in various situations?
  • 10. We as educated members of society need ask: • How should we live as an individual and a member of society?