03 - MGMT - Chapter04 - 4 Roadmap Why act ethically...

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Roadmap Why act ethically? Corporate Wrongdoers Workplace Deviance U.S. Sentencing Commission Guidelines Some Notable Ethical Issues in Management Influences on Ethical Decision Making Practical Steps to Ethical Decision Making Social Responsibility
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Ethics The set of moral principles or values that defines right and wrong for a person or group Principles of right and wrong are
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Why Act Ethically? First and foremost, managers must act ethically because it First and foremost, managers must act ethically because it is is Doing so can also help an organization maintain Doing so can also help an organization maintain and enhance its and enhance its
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Corporate Wrongdoers
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Corporate Wrongdoers (continued)
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Corporate Wrongdoers (continued)
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Common Kinds of Workplace Deviance Workplace deviance – unethical behavior that violates organizational norms about right and wrong.
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U.S. Sentencing Commission Guidelines must abide by the U.S. Sentencing Commission Guidelines - Companies can be prosecuted and punished for employees’ actions even if These guidelines encourage businesses to take proactive steps that will
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Punishments can be severe The guidelines, however, impose smaller fines on companies that and voluntarily U.S. Sentencing Commission Guidelines
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Some Notable Ethical Issues in Management Self-dealing Information manipulation Anticompetitive behavior Opportunistic exploitation Environmental degradation Substandard working conditions Corruption
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Occurs when managers take advantage of their position and act in their own best interests rather than in the firm’s best interests Classic examples: - - - Self-dealing
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Self-dealings
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