Business-Ethics - Values Ethics in Business X420 Discussion...

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Values & Ethics in Business X420 Discussion Session #80 Kelley School of Business
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Values Abstract ideals that shape an individual’s thinking and behavior – a moral compass Instrumental values – certain way of behaving is appropriate in all situations – “means”. Terminal values – enduring belief in the attainment of a certain end state – “ends”.
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A moral compass These abstract ideals can result from Religion Philosophy Family teachings
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Instrumental values As the means to an end they become the ingrained ways of behavior: Rituals Politesse Good habits
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Terminal values With the end always in sight: Heaven Respect Financial Success Personal Independence Power
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Ethics The study of moral obligation involving the distinction between right and wrong. Business Ethics: right or wrong in the workplace – value management.
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Two Areas of Business Ethics Moral mazes RIGHT vs. RIGHT Obvious mischief
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Common Misconduct in Organizations Misrepresenting hours worked Employees lying to supervisors Management lying to employees,
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