#15 Business Ethics

#15 Business Ethics - Business Ethics is not the same...

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Unformatted text preview: Business Ethics is not the same subject as personal ethics Ethics is about decisions and behaviors involving equity (fairness/justice), rights, honesty, integrity, and the well being of others .. However. Organizations make decisions through a multi-step approach 1. 1. goals 2. 2. strategy 3. 3. structure : policy and procedures 4. 4. tactics :implementation by individuals and groups . Groups norms, traditions and cultural meanings influence 5. 5. audits :measurement of outcomes 6. 6. incentive systems :reward and punishment Organizations have internal and external behaviors 1. Organizations have internal behaviors within groups, among groups, and between individuals and groups . 2. External behaviors include the collective actions of the organization and actions by individual agents of the firm They affect individuals, groups, other organizations, and the environment Think Systemically 1. To manage an organizations ethical responsibilities effectively, you must learn to think systemically . a. See the structures that underlie complex situations b. Discern whether change would have high or low leverage c. A systemic approach requires personal mastery (skill and discipline), mental models, shared vision, and team learning. Organizational integrity (the...
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#15 Business Ethics - Business Ethics is not the same...

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