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ADMS1000 -Lecture3ManagingEthicalResponsibilities_Governance

ADMS1000...

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1 Session 3 Managing Ethical Responsibilities & Governance How do we judge the ethics of managing organizations? What are the central challenges and current issues? The Challenges of Business, p.55-77, Chapter 2 The Responsibilities of Business, p.188-194 & p.81-90 Watching a short video clip Case: Corporations Giving    (Till it Hurts)
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2 DEFINING & STUDYING BUSINESS ETHICS ETHICAL BEHAVIOUR AS A SOCIAL  PHENOMENON Unethical behaviour is a  social problem.  Is unethical behaviour also  illegal ? Business ethics usually involves a normative framework –  relating to ‘norms’ about how people should behave at  work BUT WHAT IS PROBLEMATIC  ABOUT THIS?
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3 DEFINING & STUDYING BUSINESS ETHICS Business Ethics: The standards/ rules/  principles used to judge the rightness or  wrongness of behaviour But there are many conflicting interests  which may determine perceptions of  what is right or wrong
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4 EVALUATING ONE’S OWN BEHAVIOUR The test of ‘common sense’:  does my behaviour make  sense?  The test of one’s ‘best self’:    does my behaviour show me  in my best light? Would I be proud of this behaviour? The test of making something public:   would I be troubled  if other people knew what I was doing? The test of ventilation:   Asking others what they think about  your behaviour? BUT EACH OF THESE APPROACHES  HAS SIGNIFICANT LIMITATIONS
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5 MODELS FOR EVALUATING DECISION  MAKING – APPLYING TO BUSINESS  UTILITARIAN/ END-POINT ETHICS Consequences  determine ethics (e.g. profits  for shareholders, and implications for other  stakeholders etc).  Relates to ‘the greater good’, so an action is  not unethical in and of itself.  But how can we determine the greater  good? What about means?
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6 Using the stakeholder model to evaluate outsourcing as a  business strategy from an end-point perspective Customers/Consumers F I R M Government & Regulators Shareholders/ Owners/Investors Employees/Managers Local Communities Suppliers & Business  Partners
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