6721 new ethics structure & int student 2011

6721 new ethics structure & int student 2011 -...

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Weekend 5:  The Penultimate Weekend!
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Topic: Business Ethics (continued)
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 Business Ethics Exercise:  The $$ auction
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So how do we make sense  of all of this? It’s especially hard in business, because it’s  both an individual and a collective thing Individual  in that you have personal ethical  predispositions Collective  in that you in that you have to live  and work within a larger context (organizational,  professional, institutional) And it can be difficult to fit one to the other Let’s begin on the individual side…
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Individual ethics How do you make decisions? How do you solve ethical dilemmas?
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The trolley dilemma A runaway trolley Five people on board What do you do?
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The trolley dilemma: II A runaway trolley Five people on board What do you do?
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The trolley dilemma A runaway trolley Five people on board We’ll revisit this later
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Individual ethics If we are looking to our own individual  ethics for guidance, we need to  understand them And those of the people around us This need not be complicated
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Exercise 1: What’s my ethical style?
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Rules :  Is what I’m about to do consistent  with my values, my principles, the rules I  live my life by? Results :  Is what I’m about to do going to  help or harm to others?  If so, who, and  how much of each?    Individual ethics Individual ethics
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Rules  (Formalism) Results  (Utilitarianism) These are really all we need But we do need both Different people at the table Different issues on the table Individual ethics Individual ethics
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Most people have at least some  capacity for both Recall the trolley problem Case 1:  Pull the lever.  One dies.  Save  five.   Case 2:  Push the portly guy.  One dies.   Save five.  Equal on utilitarian basis.  But  far fewer opt for this.  Must be a formalist  issue in play. Individual ethics Individual ethics
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A quick recap of Part I: Ethics: It’s a good news/bad news world out  there (but lots of good  ) Business ethics are a special challenge  because your individual ethics intersect with  professional norms and values Thinking about individual ethics needn’t be  (too) complicated:  Rules vs. results These provide the first guide  
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Part II: Values and beyond
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Individual ethics… Are critical, but are applied in a specific  context at work The company The industry The profession professional values are important, too   Collective values
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One VP’s view of business values Some view values very simply
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We love our clients
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6721 new ethics structure & int student 2011 -...

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