This document discusses an introduction to professional ethics. It covers the importance of ethics in business and distinguishes between personal integrity ethics and social responsibility ethics. It provides examples of ethical decision making and discusses developing a personal credo. It also presents a case study about Aaron Feuerstein and his decision to rebuild his burned-down textile factory and continue paying employees, highlighting the ethical values and considerations involved.
This webinar provided recommendations on how organizations can address the integrity and trust issues caused by employees who do not make decisions that align with the ethics of the organization. We discussed differing ethical perspectives, business and professional ethics codes of conduct, and methods to implement the code throughout the organization. We discussed various ethical decision making frameworks and how they can be applied in organizations.
This webinar provided recommendations on how organizations can address the integrity and trust issues caused by employees who do not make decisions that align with the ethics of the organization. We discussed differing ethical perspectives, business and professional ethics codes of conduct, and methods to implement the code throughout the organization. We discussed various ethical decision making frameworks and how they can be applied in organizations.
Ethics expert Christopher Bauer shares practical tips for developing an effective ethics training program for your organization.
Watch the entire webinar session here: http://i-sight.com/webinar-5-keys-to-an-effective-ethics-training-program/
Ethical Dilemma At Work.
What It Entails.
Practical tips and solutions how to resolve and avoid ethical dilemma at work.
Have you ever been in a situation faced with an ethical dilemma at work?
In an organization, the managers and the executives are encountered with hundreds of situations where they need to make prudence decisions which are morally and ethically justifiable. In a company there are set rules, need for hierarchical sanctions, department pressures, the need for cost cutting and enchanting profit, maintaining the reputation of the company and considering the interests of all pressure groups and stakeholders. Though there is no fixed outline for making ethical decisions, there are some factors that would influence one’s decision can be understood. However, based on the different case studies, research findings, we can conceptualize a framework for understanding ethical decision making in business.
Workplace Ethics: How to Tackle the Small Lapses and Avoid a Company CrisisCase IQ
Just because your company has policies, a code of ethics, a code of conduct, a values statement and a culture document doesn’t mean you are immune to ethical lapses, and the consequences. Companies with all the right documentation in place suffer ethics slipups every day, including fraud, sexual harassment, insider trading, conflicts of interest, bullying and other misconduct.
Lapses don’t even have to be outright misconduct to affect the workplace. Many are small incidents that go uncorrected, such as incivility, bogus sick days, gossiping, minor theft or questionable jokes. And whether they involve employees, managers or the C-suite, these small lapses, left unchecked, can build into bigger ones.
Join Janette Levey Frisch, “The EmpLAWyerologist”, as she examines ways to tackle the small ethics lapses in your company, get employees, managers and the C-suite to think and act ethically, and avoid a potential catastrophe.
This file contain information about ethical dilemma, ethical issues , grievance redressal , employee rights , conflict of interest and employee relationship at workplace
Business Ethics 6th Edition M.Jennings.
1) What is Ethics
2) Theories to resolve dilemmas
3) The types of ethical dilemmas
4) How we avoid ethical dilemmas
5) are you ethical enough?
Ethics expert Christopher Bauer shares practical tips for developing an effective ethics training program for your organization.
Watch the entire webinar session here: http://i-sight.com/webinar-5-keys-to-an-effective-ethics-training-program/
Ethical Dilemma At Work.
What It Entails.
Practical tips and solutions how to resolve and avoid ethical dilemma at work.
Have you ever been in a situation faced with an ethical dilemma at work?
In an organization, the managers and the executives are encountered with hundreds of situations where they need to make prudence decisions which are morally and ethically justifiable. In a company there are set rules, need for hierarchical sanctions, department pressures, the need for cost cutting and enchanting profit, maintaining the reputation of the company and considering the interests of all pressure groups and stakeholders. Though there is no fixed outline for making ethical decisions, there are some factors that would influence one’s decision can be understood. However, based on the different case studies, research findings, we can conceptualize a framework for understanding ethical decision making in business.
Workplace Ethics: How to Tackle the Small Lapses and Avoid a Company CrisisCase IQ
Just because your company has policies, a code of ethics, a code of conduct, a values statement and a culture document doesn’t mean you are immune to ethical lapses, and the consequences. Companies with all the right documentation in place suffer ethics slipups every day, including fraud, sexual harassment, insider trading, conflicts of interest, bullying and other misconduct.
Lapses don’t even have to be outright misconduct to affect the workplace. Many are small incidents that go uncorrected, such as incivility, bogus sick days, gossiping, minor theft or questionable jokes. And whether they involve employees, managers or the C-suite, these small lapses, left unchecked, can build into bigger ones.
Join Janette Levey Frisch, “The EmpLAWyerologist”, as she examines ways to tackle the small ethics lapses in your company, get employees, managers and the C-suite to think and act ethically, and avoid a potential catastrophe.
This file contain information about ethical dilemma, ethical issues , grievance redressal , employee rights , conflict of interest and employee relationship at workplace
Business Ethics 6th Edition M.Jennings.
1) What is Ethics
2) Theories to resolve dilemmas
3) The types of ethical dilemmas
4) How we avoid ethical dilemmas
5) are you ethical enough?
Ethics and Corporate Social ResponsibilityChapter .docxhumphrieskalyn
Ethics and
Corporate Social Responsibility
Chapter 6
Doing Good while Doing Well
PA 315
Professor Sharon Pierce
*
Ethics versus Morals
Comparison Chart ETHICSMORALSWhat are they?The rules of conduct recognized in respect to a particular class of human actions or a particular group or culture.Principles or habits with respect to right or wrong conduct. While morals also prescribe dos and don'ts, morality is ultimately a personal compass of right and wrong.Where do they come from?Social system - ExternalIndividual - InternalWhy we do it?Because society says it is the right thing to do.Because we believe in something being right or wrong.The "Gray"A person strictly following Ethical Principles may not have any Morals at all. Likewise, one could violate Ethical Principles within a given system of rules in order to maintain Moral integrity.A moral Person although perhaps bound by a higher covenant, may choose to follow a code of ethics as it would apply to a system. "Make it fit” - such as a profession AcceptabilityEthics are governed by professional and legal guidelines within a particular time and placeMorality surpasses cultural norms
*
General Social Expectations of Ethics
Expectations business environmentGuidelines of what is right and wrong, fair and unfair, and morally correct—when they make business decisions.The ethics of societies is quite stable, but does evolve over time - Would you agree?SlaveryVoting rights for womenGeneral social expectations affect all members of society for ethical behavior.Honesty – builds trust and long-term relationshipsFairness – equality of opportunities, mutual respect Legality – law abiding
*
Specific Social Expectations of EthicsSpecific expectations do vary by social role (industry, profession, social function, etc.)Example: judges versus CIA spiesExample: soldiers versus nurses
So what are the social expectations of business ethics…?
*
Business Ethics
The standards of conduct and moral values governing actions and decisions in the work environment.Social responsibility.Balance between what’s right and what’s profitable.Often no clear-cut choices.Often shaped by the organization’s ethical climate.This includes actions of their employees and associationsFall back on their own moral and religious backgrounds for guidanceCan be affected by superiors – feel pressuredReflects the philosophy or the mission of the businessShould include Corporate Social Responsibility – voluntary actions to be responsible citizens in their communities and globally
Most business people rely upon their own consciences in making business decisions, falling back upon their own moral and religious backgrounds for guidance. However, business people are also affected by their superiors and immediate colleagues when making business decisions and may feel pressurized to behave unethically when seeking to make profits. Over recent yea.
1. Which of the following is a concern employees of an expanding bus.docxgasciognecaren
1. Which of the following is a concern employees of an expanding business would have?
A.)Ensure that customer requests are responded to promptly and professionally.
B.)Ensure sensitive information about specialty offerings remains undisclosed until the new location opens.
C.)Ensure that fair hiring and firing practices are incorporated at the new location.
D.)Ensure the team develops strongly in new locations.
Passage to Answer the Question
What Is Ethics?
Ethics
is simply the principles of right and wrong and the morality of the choices involved.
Now, it's also important to define what ethics is
not
. Ethics is not emotions or religion. It's not science or norms of a society, necessarily. It's also not simply following the law, because it's perfectly acceptable to follow the law yet be an unethical person.
term to know Ethics The principles of right and wrong and of the morality of the choices
1a. Business Ethics
Business ethics
is closely tied to what ethics is. It's the principles of right and wrong of the morality of the choices made in the
business
world. Essentially, what we're doing is taking the principles or the definition of ethics and applying it to business.
hint Whether you're looking at business ethics or other types of ethics, ethical people will always follow the same ethical principles
all the time
, not just when it suits them.
term to know Business Ethics The principles of right and wrong and of the morality of the choices made in the business world
1b. Managerial Ethics
Managerial ethics
is simply ethics again. It is the principles of right and wrong and of the morality of the choices made in the context of
management
.
Managerial decisions impact employee behavior. How you hire or fire, the wages that you pay, or the working conditions at your business are all ethical decisions, and they can greatly impact employee attitudes and productivity.
Managerial ethics decisions can also impact behavior toward an organization. Do you have conflicts of interest or allow them? A
conflict of interest
is simply a circumstance in which the judgment of an individual or group may be impaired because of a difference in primary or secondary interest.
Is customer information kept confidential?
Confidentiality
is simply keeping private trusted data out of the hands of the public and other people who don't need to see it.
think about it We hand our personal information, like credit card numbers, to a lot of different people online when we are shopping. What do you think it would do for a business if we suddenly found out that our information wasn't as confidential as we thought it was? That would have a big impact on that particular business.
Collusion
is an attempt by business to conspire to the detriment of customers, businesses, or the general public.
Lastly, managerial ethics decisions can also impact behavior toward economic agent.
Managerial Ethics And Corporate Social Responsibility Sabih Kamran
MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And World Managerial Ethics And Corporate Social Responsibility
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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Antifertility, Toxicity studies as per OECD guidelines
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Macroeconomics- Movie Location
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Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
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2. Week 1 Learning Objectives:
1. Explain why ethics is important to business
2. Distinguish the ethics of personal integrity from the ethics of
social responsibility.
3. Describe ethical decision-making as a form of practical
reasoning.
3. What Contributes to Having a Good
Character?
Honesty
Integrity
Fairness
Responsibility
Respect for
others
Hard work
Positive attitude
4. Think About It…
Would an honest person cheat on a test?
Would a responsible person skip classes?
Does a bully show respect for others?
Are athletes hard working?
Do you know people who are known by
some of these traits? Are they known for
having these traits or, perhaps, for not
having them?
5. What is your personal
credo?
A credo
- is a virtue in action.
- defines you and your ethical boundaries.
6. How do I want to be remembered?
Your personal
credo with
introspection on
two areas of
questions:
1. Who are you?
2. What are the things that you
would never do to get a job? To keep
a job? To earn a bonus?
10. Are Ethics & Values the Same?
Ethics is the code of conduct that helps determine what is
good, right, and proper.
Values are the principles, goals, or standards held or accepted
by individuals, groups, and societies.
11. How Do Ethics Relate to Business?
Good ethics = Good business!
Business
legally
humanely
12. Important Ethical Questions!
1. Is it against the law? Does it violate company or
professional policies?
2. What if everyone did this? How would I feel if
someone did this to me?
3. Am I sacrificing long-term benefits
for short-term gains?
13. Ethics as Good Business
fined, jailed,
fired, or even
lose license.
Unethical
business
/businessperson
14. How human beings
should properly live
their lives.
It will not change
your capacity to
think, but it could
stimulate your
choices of what to
think about.
Ethics Course?
17. WHAT IS “ETHICS?”
At its most basic level, ethics is concerned with
how we act and how we live
our lives.
18. WHAT IS “ETHICS?”
Practical - having to do with how we act, choose,
behave, do things.
Normative - deals with our reasoning about how
we should act.
HOW SHOULD WE LIVE?
19. Individually
How should I live my life
How should I act
What should I do
What kind of person I
should be
Morality
Value structures
Defined by our moral systems
Personal
Integrity
How should WE
live?
21. To know ‘How we should live’
We therefore make a very real choice as to
whether we answer them deliberately or
unconsciously.
Why study
Ethics?
‘The unexamined life is not worth living’.
– Socrates, 2000 years ago
22. How should ‘WE’
live?
Collectively
How we live together in a
community
How corporations and institutions
ought to be structured
Questions justice,
policy, law, philosophy, etc.
Social Ethics
SOCIAL
RESPONSIBILITY
23. Social Responsibility
Businesses’
Obligations
do what is best for
the good of society.
provide safe
products
create jobs
protect the environment
Conflict of interest is when a business is tempted to put profits
before social welfare.
safe working conditions
equal treatment
fair pay
24. Responsibility to Customers
The Food & Drug Administration
(FDA) protects consumers from
dangerous or falsely advertised
products.
1982 Johnson & Johnson crisis
25. Responsibility to Employees
The Equal Pay Act (passed in 1964) requires
that men and women be paid the same
wages for doing equal work.
The Americans with Disabilities Act bans
discrimination against persons with a
physical or mental disability.
50 million workers are currently covered
by this law
26. Responsibility to Society
Environmental responsibility
In 1970, the Environmental
Protection Agency (EPA) was
created. It enforces rules that
protect the environment and
control pollution.
Businesses who are
environmentally responsible
have better public relations.
The Body Shop, The Los Angeles
Times, Honda, and Toyota
incorporate environmental
policies into their business.
27. Personal Integrity Vs. Social
Responsibility?
Responsibility to Customers
Responsibility to Employees
Responsibility to Society
What should I
do? How should
I act?
VS
28. This aspect of business ethics asks us to
examine business institutions from a social
rather than an individual perspective.
We refer to this broader social aspect of ethics
as decision-making for social
responsibility.
Personal Integrity Vs. Social
Responsibility?
30. Decision Point: AARON FEUERSTEIN
Group Discussion
1. Should Aaron Feuerstein rebuild in Malden and pay his employees in the
meantime?
2. What facts would be helpful as you make your judgments about Feuerstein?
3. How many different ethical values are involved in this situation?
4. What kind of man is Feuerstein? How would you describe his actions after the
fire? Can you describe the man and his actions without using ethical or
evaluative words?
5. Whose interests should Feuerstein consider in making this decision? How many
different people were affected by the fire and the decision?
6. What other options were available for Feuerstein? How would these
alternatives have affected the other people involved?
7. Were Feuerstein’s actions charitable, or was this something he had a duty or
obligation to do? What is the difference between acts of charity and
obligatory acts?
8. What do you think of Feuerstein’s decision? What would you have done had
you been in his position?
31. SOME FACTS:
2003 Malden Mills lost customers while the new mill was being built, and
three warm winters have hurt sales of Polartec. The company is also $140
million dollars in debt.
In January 2007, current CEO Michael Spillane announced that Malden
Mills would file for bankruptcy again and would be sold to the Gordon
Brothers Group of Boston.[2][3]
However, in February 2007, the assets of Malden Mills were purchased by
a newly formed company called Polartec, LLC which is owned by Chrysalis
Capital Partners of Philadelphia, Pennsylvania.[4]
June 28, 2007, the federal Pension Benefit Guaranty Corporation said it
would take over the underfunded (by 49%) Malden Mills pension plan,
which covers about 1500 employees. PBGC said the sale of Malden Mills
assets meant that the pension plan would be abandoned because the
company missed a $1.7 million pension payment.[7]
32. Decision Point: AARON FEUERSTEIN
1. Should Aaron Feuerstein rebuild in Malden and pay
his employees in the meantime?
Sample Answer:
Malden Mills was the last major textile manufacturer in town and, with 2,400
employees, it supplied the economic lifeblood for its surrounding communities.
Considering both its payroll and taxes, Malden Mills contributed approximately
$100 million a year into the local economy. Feuerstein could have used the fire
as an opportunity to follow his local competitors and to relocate to a more
economically attractive area or he could have simply taken the insurance
money and decided not to reopen the business at all. Feuerstein opted to
rebuild the plant at the same location and to retain the jobs in the local
community. He also committed to continue paying his employees and
extended their medical coverage until such time as they could return to work.
33. 2. What facts would be helpful as you make your
judgments about Feuerstein?
Sample answer:
It would be helpful to know;
the business’ financial situation before the fire
Feuerstein’s management style prior to the fire
any contractual obligations the company had to its
employees what alternatives were available and how
feasible each would be.
Did the firm have a mission statement
What are other possible sources of “obligations?”
34. 3. How many different ethical values are involved in this
situation?
Sample Answer:
There are a number of different ethical values involved in this situation.
What Feuerstein should consider as CEO of the company
what are his contractual obligations
his social responsibilities, his rights/duties and the rights/duties of the
employees
What is the fair thing to do, what is the loyal and kind thing to do in this
situation
and what might a person of “virtue” do under these circumstances?
35. 4. What kind of man is Feuerstein? How would you describe
his actions after the fire? Can you describe the man and his
actions without using ethical or evaluative words?
Sample Answer:
Feuerstein seems to be a loyal man, dedicated to his employees and his company,
He is compassionate toward others. After the fire, Feuerstein displayed his
compassion by promising to pay his employees and extend their medical benefits
until the mill could be reopened.
He demonstrated courage in deciding to undertake a massive rebuilding effort for
the mill.
He also showed personal integrity by keeping the jobs in the community instead of
moving them somewhere else just to save some money, and offering to continue
to pay for medical coverage made him seem extremely caring and generous in
spirit. He is aware of the needs of the people in the area and is willing to do
whatever it takes to make sure their needs are attended to, to the extent possible.
36. 5. Whose interests should Feuerstein consider in making this
decision? How many different people were affected by the
fire and the decision?
Sample Answer:
Feuerstein considered the business interests of the company
(which decision made the most financial sense) and its
stockholders, as well as consider the interests of the
employees, the managers, the community, the apparel
companies to whom Malden Mills supplied Polartec fabric,
and even the end-use customers who purchased clothing
made of Polartec fabric. Ultimately, there were many
different groups of people affected by the fire and the
decision - stakeholders at every level would feel the effects.
37. 6. What other options were available for Feuerstein? How
would these alternatives have affected the other people
involved?
Answer:
i. He could have relocated the company to a location with cheaper taxes
and cheaper labor;
ii. He could have simply taken the insurance money and chosen not to
reopen the business;
iii. He could have vowed to rebuild the company and allowed all current
employees to keep their jobs;
iv. He could have reopened the business but not have paid his workers in
the interim and simply hired available workers at the time of the
reopening.
38. 7. Were Feuerstein’s actions charitable, or was this something he
had a duty or obligation to do? What is the difference between
acts of charity and obligatory acts?
Answer:
Feuerstein’s actions were considered by society to be
charitable, since he did not have any contractual or other legal
obligation or duty to keep the factory open in Malden or to pay
the employees’ salaries until it had reopened. He had several
other options that he could have taken which might have still
been considered to have been reasonable choices; but his
choice was to do what he thought was appropriate, equitable,
and a demonstration of his loyalty to his employees.
39. 8. What do you think of Feuerstein’s
decision? What would you have
done had you been in his
position?
Decision-making:
What options are available to Feuerstein?
How would he decide?
What factors are relevant to the decision?
What is a rational decision?
Perspectives of ethics:
What is the difference between doing
something ethically required and doing
something heroic and charitable? On what
grounds do you reach your own opinion
about Feuerstein?
Sample Answer:
His decision remarked that
what he did is what he
considered to be “right” for his
employees and for the
community as a whole.
Knowing the mill was the hub
of the community’s economy,
he considered that, without
these jobs, his employees
would have no way of
supporting themselves. It was
important for him to keep the
business going and keep it in
the local community.