Week 03 CH 03 Ethics and Corporate Responsibility

Week 03 CH 03 Ethics and Corporate Responsibility - Chapter...

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Unformatted text preview: Chapter 3 Ethics & Corporate Responsibility MGT 300 Organization and Management Leadership February 2, 2011 2-2 How is this the best, most important chapter in the textbook? TBFIL 2-3 Learning Objectives LO1 LO1 Describe how different ethical perspectives guide decision making LO2 LO2 Explain how companies influence their ethics environment LO3 LO3 Outline a process for making ethical decisions LO4 LO4 Summarize the important issues surrounding corporate social responsibility LO5 LO5 Discuss reasons for businesses growing interest in the natural environment LO6 LO6 Identify actions managers can take to manage with the environment in mind 2-4 Ethics Ethics : The system of rules that governs the ordering of values Telling the Truth and Lying: Possible Outcomes Table 3.1 2-6 Its a Personal Issue Most of us believe we are ethical but most have unconscious biases that favor ourselves and their own group Managers often:  Hire people who are like them  Think they are immune to conflicts of interest  Take more credit than they deserve  Blame others when they deserve some blame themselves  Fundamental Attribution Error 2-7 Its a Personal Issue Is it ethical to:  Shop online during company time?  Using office equipment for personal use?  Read personal emails while at work? Besides lost productivity, employers are most concerned about: computer users introducing viruses leaking confidential information creating a hostile work environment by downloading inappropriate Web content 2-8 Ethics Ethical issue  Situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong Business ethics  The moral principles and standards that guide behavior in the world of business. 2-9 Ethical Systems Moral philosophy Principles, rules, and values people use in deciding what is right or wrong Five Major Ethical Systems (guidelines) 1. Universalism 2. Egoism 3. Utilitarianism 4. Relativism 5. Virtue Ethics 6. Others? 2-10 Determinants of Ethics 2-11 1. Universalism Universalism...
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Week 03 CH 03 Ethics and Corporate Responsibility - Chapter...

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