CHAPTER 3

Rules dishonesty is a lack of integrity incomplete

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Unformatted text preview: is a lack of integrity, incomplete disclosure, and an Dishonesty unwillingness to tell the truth (Eg. Lying, cheating, and stealing) unwillingness 10 RECOGNISING AN ETHICAL RECOGNISING ISSUE ISSUE 2. Fairness is the quality of being just, equitable, and 2. quality equitable and impartial. impartial a. In business, equality is about how wealth or a. income is distributed between employees within a income company, a country, or across the globe. company, b. Reciprocity is an interchange of giving and b. receiving in a social relationship. receiving It is the return of small favors of approximately equal value. c. Optimization is the tradeoff between equity c. tradeoff (equality or fairness) and efficiency (maximum efficiency productivity). productivity). 11 RECOGNISING AN ETHICAL RECOGNISING ISSUE ISSUE 3. Integrity refers to being whole, sound, and in 3. an unimpaired condition. an In an organization, it means uncompromising In adherence to ethical values. adherence 4. Honesty, fairness and integrity are the glue 4. Honesty fairness integrity that holds businesses together. that 12 ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS An ethical issue is a problem, situation, or An opportunity that requires an individual, group, opportunity or organization to choose among several choose actions that must be evaluated as right or actions wrong, ethical or unethical. wrong ethical An ethical dilemma is a problem, situation, or An opportunity that requires an individual, group, opportunity or organization to choose among several wrong or unethical actions. or 13 ETHICAL ISSUES AND ETHICAL DILEMMAS IN BUSINESS DILEMMAS A. Misuse of company resources is the leading A. Misuse form of observed misconduct in organizations. form 1. Using company computers for personal 1. business is one of the most common ways employees misuse company resources. employees 2. Many companies, like Boeing, have 2. implemented official policies delineating acceptable use of company resources. acceptable 14 ETHICAL ISSUES AND E...
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This document was uploaded on 03/17/2014.

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