Presentation Chapter 3

Presentation Chapter 3 - Introduction to Business Ethics...

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Click to edit Master subtitle style Introduction to Business Ethics Chapter III
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Ethics Definition
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Ethics Questions How do you approach issues of ethics and values? Are your approaches different in your personal and professional lives? What are the ethical issues resulted from the current crisis? Have policymakers, regulators, businesses, educators and even our society lost their value base? What is an ethical behavior? Are our ethical standards of public trust, honesty, sensitivity, fairness and values absolute or do they change depending on the context? Can morality be defined apart from a religious basis? Is the ethics of capitalism are different than the ethics of civil society? http://www.videosurf.com/video/business-experts-on-the-role-of-ethics-in- , VIDEO
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Click to edit Master subtitle style Chapter Objectives: Present the definition of ethics in general and business ethics in particular. • Recognize the need for a code of ethics that is upheld especially by setting the right “tone at the top”. • Become familiar with the SEC rules and regulations related to ethics. • Provide an overview of listing standards and suggestions relating to ethics. • Understand the board’s role in setting the company’s ethical codes. • Recognize the benefits of and need for an ethical workplace. • Identify incentive programs and their roles in promoting an ethical workplace. • Illustrate that actions speak louder than words in promoting an ethical workplace. • Discuss the integration of business ethics into the business curriculum. • Provide an example of proficient implementation of an ethical code by examining the Defense Industry Initiatives on Business Ethics and Conduct. Video ( Video)
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Click to edit Master subtitle style Key Terms Business ethics Code of Ethics Committee of Sponsoring Organizations Of the Treadway Committee (COSO) Conference board Defense Industry Initiatives on Business Ethics and Conduct Ethical Behavior Ethical Incentives Ethical Sensitivity
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Click to edit Master subtitle style Ethical Theories There are several broadly accepted ethical theories. - Consequentialist Theory - Nonconsequentialist Theory - The Individualist Dimension of Ethical Decision - Collectivist Theory - Metaethics - Normative Ethics - Business Ethics - http://video.pbs.org/video/1479100777 , VIDEO, Mind over money.
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Ethical Theory Prescribes a principle that provides the overriding justifying reason for pursuing any course of action by answering the following questions Is the behavior or action consistent with the overall basic duties of the individual in question? Does the behavior or action acknowledge and respect the underlying rights of all the individuals who will be impacted by the action? Would the behavior or action be considered the best
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This note was uploaded on 02/24/2011 for the course ACCT 7050 taught by Professor Razai during the Spring '11 term at U. Memphis.

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Presentation Chapter 3 - Introduction to Business Ethics...

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