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skills such as coherence and consistency that have proved to be fictive principles in other contexts 4. Tolerance of moral disagreement: An extension of managerial aptitude that is present in practically all decision making situations managers face 5. Integration of managerial and moral competence: A necessary capability to make ethical decision in organizations 6. Sense of moral obligation: The foundation for all the capacities and the key to the processChapter 8: Managerial and Organizational Ethics Personal Level Ethics Challenges: 1. Should I cheat on my income tax return 2. Should I tell my professor I need this course to graduate this semester when I really don’t 3. Should id download music from the internet 4. Should I connect this TV cable in my new apartment and not tell the cable company Managerial and Organizational Ethics Level: 1. Should I set high performance goals for my work team to benefit the organization even though I know it may cause them to cut corners 2. Should I over report the actual time I worked on this project hoping to get paid overtime
3. Should I authorize a subordinate to sidestep company policy so that we can close the deal and be rewarded by month’s end4. Should I misrepresent the warranty time on some product I’m selling in order to get the sale Industry or Professional Level: 1. Is this safety standard we electrical engineers have passed really adequate for protecting the consumer in this age of do-it-yourselfers 2. Is this standard contract we realtors have adopted really in keeping with the financial disclosure laws that have been strengthened 3. Is it ethical for telemarketers to make cold calls to prospective clients during the dinner hour when we suspect they will be home 4. Is it ethical for accountants to allow a restatement of earnings that can cause investors to lose money and confidence in the market Societal and Global Levels8.2 -Conflict of Interest: present when an individual has to choose between his or her interests and the interests of someone else or some other group -Principle of ethics: a principle of business ethics is an ethical concept, guideline, or rule that, if applied when you are faced with an ethical decision or practice, will assist you in taking the ethical course of action Types of Ethical Theories: - Teleological Theories: focus on the consequences or results of the actions they produce-Utilitarianism is the major principle and it recommends taking the action that results in the greatest good for the greatest number - Deontological Theories: Focus on duties like a manager having a duty to tell the truth when they are doing business - Aretaic Theories: Goodness or virtue -Principle of Utilitarianism: a consequential principle and asserts we should always as so as to produce the greatest ratio of good to evil for everyone. Forces decision maker to think of the welfare of everyone -It ignores actions that may be inherently wrong -May come in conflict with the ideas of justice and rights -Kant’s Categorical Imperative: a duty based principle. A duty is an obligation and argues that a