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BUSINESS ETHICS 1030 060508 tu

BUSINESS ETHICS 1030 060508 tu - BUSINESS ETHICS Presented...

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Unformatted text preview: BUSINESS ETHICS Presented by: LEO PHOEBE HILL LIYAH Definition of "BUSINESS ETHICS" Business ethics is a form of the art of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. EASY or HARD? Preprandial Activity If you knew a woman who was pregnant, who had 8 kids already, three of whom were deaf, two of whom were blind, one mentally retarded, and she had syphilis; would you recommend that she have an abortion? QUESTION 2 It is time to elect the world leader, and your vote counts. Here are the facts about the three leading candidates: CANDIDATE A Associates with crooked politicians, and consults with astrologists. He's had two mistresses. He also chain smokes and drinks 8 to 10 martinis a day. CANDIDATE B He was kicked out of office twice, sleeps until noon, used opium in college and drinks a quart of whiskey every evening. CANDIDATE C He is a decorated war hero. He's a vegetarian, doesn't smoke, drinks an occasional beer and hasn't had any extramarital affairs. Whats your choice? CANDIDATE A Franklin D. Roosevelt the thirty-second president of US He was a central figure of the 20th century during a time of worldwide economic crisis and world war. CANDIDATE B Winston Churchill He served as Prime Minister of the UK from 1940 to 1945 and again from 1951 to 1955. A noted statesman and orator, Churchill was also known as an officer in the British army, a historical writer, and an artist. CANDIDATE C Ah........ ARE YOU GUYS SURE ABOUT THIS? Adolph..... Hitler..... By the way, how many of you would answer "YES" to first Question? If you say YES... You just killed Beethoven What can help you with making a business ethical decision? Four Ethical rules Utilitarian rule Moral rights rule Practical rule Justice rule Utilitarian rule Utilitarian rule: An ethical decision is a decision that produce the greatest good for the greatest number of people. Moral rights rule Decision that best maintains and protects the fundamental or inalienable rights and privileges of the people affected by it. People Company Moral rights rule Ethical dilemma P How should managers do? Individual ethics Personal standards and values that determine: How people view their responsibilities to others How they should act in situations when their own self-interests are at stake Individual ethics Duty-based Goal-based Right-based Justice Rule and 0rganizational Ethics Justice Rule Definition: An ethical decision is a decision that distributes benefits and harms among people and groups in fair, equitable, or impartial way. Mr Graw-Hill Irwin Gareth R Jonnifer M george"comtemporary management 5th edition 2 How do managers operate the justice rule Managers should distribute the outcome for stakeholders in fair or equitable ways. For example: workers who have the same level or same skill ability. They should be paid similar. Treat each other impartial It is necessary treat impartial each other in a company. Organizational Ethics Definition: The guiding practices and beliefs through which a particular company and its managers view their responsibility toward their stakeholders. Mr Graw-Hill Irwin Gareth R Jonnifer M george"comtemporary management p150 Who makes the code of ethics The individual ethics of a company especially top manager has a vital role to make the organization's code of ethics. For example: Johnson & Johnson code of ethics--its credo--reflect its concern well for its stakeholders. Mr Graw-Hill Irwin Gareth R Jonnifer M george"comtemporary management p150 Why makes all the codes of ethics In some cases, manager or employee may behave unethical. For example: case 1 Case 1:Personal interest or others Managers may confront ethical issue when weighing their personal interests against the effects of action on others. For example: bribe or not bribe it is a problem. solution Solution way one: a company's top managers endorse the ethical principle in its corporate credo so that they can prevent their employee from going astray. Solution way two: that a strong code of organizational ethics can help people behave in a right way or appropriate way. Practical ethics 1. Acceptable values or standards 2. Communicate to the affected groups 3. Significant approve Are women better than men in making ethical decisions? Women may be more concerned with others than men. Women are high self-monitoring Men are high self-consciousness Self consciousness Attentive to information Highly awared of one's internal state Self monitoring Based on situational information Minimal correclation Fun Game You and your group have been working straight for 2 months, that means no holidays at all. One of your group member asks for 5 days off because his/her mom had a car accident, he/she wants to go home and take care his/her mom. 3 more days, your project will be finished. Without this person, the project cant be carried on. The question is: Would you let this person go home or ask him/her to stay and be responsible to his/her part of job. Reference List Gareth R. Jones, Jennifer M. George, 2006, "Ethics and Social Resbonsibility", Contemporary Management, 5th edition, McGraw-Hill, Boston Saundra H. Glover, George A. Munchus, 2002, "Gender Differences in Ethical Decision Making", Women in Management Review,volume 17, number 5, pp. 217-227, MCB UP Limited A. Chapman, 2006, "Ethical Exercise", Business Balls, http://www.businessballs.com/ethics.htm Thank You ! and Have a nice day. ...
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