Monitor your own overconfidence stay humble o monitor

Monitor your own overconfidence- stay humble
o Monitor your own rationalizations (page 470)
 Don’t say “ I know I shouldn’t do this, but…”

 Mind the slippery slope- do not disregard even small unethical
decisions in your workplace/relationship, be worried
 Pre script- Visualize yourself doing these things first, think about
what you would do in different scenarios before they actually
happen
 Act courageously, it’s okay to be independent/different
 Advocate effectively- go against the unethical decisions
 Think first.
 Consider problems you may face in your career then write down
how you would ethically solve it before they actually occur

 Fundamental attribution error: people’s tendency to underestimate how
situational factors affect others’ decisions and to overestimate how much
they affect their own
 In other words, people do bad things b/c they are bad but if we do
bad things it’s just because we had to
 =8
 Corporate Social Responsibility (page 474): notion that corporations and
other types of firms have moral responsibilities that are more than just to
maximize profits for their shareholders (nearly unanimous)
 Pro- CSR Responsibilities:
 Guard against doing harm
 Expend money and resources to make the world a better place
 Sustainability: think about well being of future generations
 This is an increasing importance for corporations
 CSR’s cousin
 Group dynamics: groups of employees often behave very
differently than nay single employee would have behaved
in isolation (479)
 Anti- CSR
 John Ladd
 Milton Friedman
 John Marshall
 Corporations are not moral agents and have no moral duty
 Not widely accepted
 Corporations are essentially machines

 Corporate Social Responsiveness:
 Going beyond their duty
 Improving their local community
 Is it appropriate? –different views
 The agents of capital view: they do not owe a duty, they
are agents of capital, not of morality
 Agents of society view: purpose of a corp is to serve the
general welfare of the community, responsiveness is
morally required

 CSR Abroad: 483

 Social enterprise/social entrepreneurship: focus is going more on non-
profits and making companies that benefit the greater good


Corporate Ethics on the global stage: 485
o Ethical complications arise very quickly in foreign matters
o You can “go native” and follow the cultural norms
o Integrated social contract theory
 Middle circle- hypernorms- norms accepted in all cultures
 Next circle- consistent norms
 Next circle- moral free space- unique cultural beliefs
 Out of the circle- illegitimate norms- incompatible with hypernorms
(torture/genocide/mass rape)
How to make sure employees act ethical/moral 487
o Cultivate an ethical culture
 Start with a code of conduct that is created by many people
 Top executives need to follow it completely
 Punish employees that do not follow code
