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Business Ethics Class I.docx - Business Ethics Class I...

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Business Ethics Class IProfession-Professional organizations-Rules – both technical and ethical-Licensure-Extensive training/can’t stop your education/continuous-Services to the public/societyProfessional-Specialized knowledge-High standards-Acting ethicallyoInfluence others to act ethicallyWhat influences your personal ethics?1.Identify those affected by decision
2.How will they be affected?3.What conduct produces the greatest net positive?-Criticisms of Consequentialism:oYou cannot calculate the degreeof “good” in those decisionsoFocused only on the consequences --- doesn’t consider the meansoNet positive effect does not always equal ethical decisionoMinority sacrifices for the majorityDeontology - The Golden Rule-Everybody has certain duties that need to be performed and standards to uphold-As long as these duties are carried oxt, the means don’t matter-Universalityprinciple– 6 duties that are universal to all societies-Reversibilityprinciple– stand in the shoes of somebody affected by the decisions4CommonMistakes1.Avoid thinking only for the Short Term2.Avoid focusing only on legalities3.Failing to identify all the relevant stakeholders4.Failing to recognize conflicts of interest → any influence that causes bias that youshouldn’t haveExample pg. 42 – Steve Jobs’ health example1.Are we required to disclose this information to shareholders?2.If so, what are we required to disclose?

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