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CHAPTER 2. BUSINESS ETHICS. ETHICS. THE STUDY OF HOW PEOPLE OUGHT TO ACT. NOT HOW THEY ACT. HOW ETHICAL ARE YOU?. Quiz time Quiz rules: Do not put your name on this quiz Do not put your name on this quiz Do not put your name on this quiz. CALLED IN SICK WHEN NOT ILL?.

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chapter 2
CHAPTER 2

BUSINESS

ETHICS

ethics

ETHICS

THE STUDY OF HOW PEOPLE OUGHT TO ACT

how ethical are you
HOW ETHICAL ARE YOU?
  • Quiz time
  • Quiz rules:
    • Do not put your name on this quiz
    • Do not put your name on this quiz
    • Do not put your name on this quiz
slide16
KNOWING YOU HAD LITTLE CHANCE OF GETTING CAUGHT, DRIVEN MORE THAN 20 MPH OVER THE SPEED LIMIT OR RAN A RED LIGHT?
slide17
LIED TO YOUR SPOUSE, PARTNER, SIGNIFICANT OTHER, AND/OR PARENT, ABOUT THE COST OF A RECENT PURCHASE?
slide19
1. 63% 2. 63% 3. 16%

4. 18% 5. 13% 6. 50%

7. 37% 8. 17% 9. 12%

10. 71% 11. 71%

12. 32% 13. 28%

slide20
WHY STUDY

ETHICS

?

key points
KEY POINTS
  • Exploration of real-life business ethics issues
  • Teleological and deontological approaches to ethical issues
  • Corporate ethics codes
  • Lots of rules and thoughts
ethical dilemmas
ETHICAL DILEMMAS

Career and Family:

Are career and family goals ethically compatible?

.

ethical structures
Ethical Structures
  • Religion:
  • Libertarianism:
  • Virtue Ethics:
slide38
TELEOLOGICAL ETHICAL SYSTEMS

SOMETIMES CALLED

CONSEQUENTIAL SYSTEMS

america s moral climate
AMERICA’S MORAL CLIMATE

1.Teens

2. College students

3. Business practices

4. Schools

5. Politics

,ed.

testing honesty around the world
TESTING HONESTY AROUND THE WORLD

Reader’s Digest intentionally “lost” more then 1,100 wallets in 117 cities to see how many would be returned. The wallets contained up to $50 along with a name and phone number.

managerial ethics part i
MANAGERIAL ETHICS: PART I

In a recent study of 600 workers, “Teams that viewed their supervisor as ethical showed a positive correlation with the following outcomes:

managerial ethics part ii
MANAGERIAL ETHICS: PART II

Managers are the ethics teachers of their organizations

corporate ethics codes
Corporate Ethics Codes
  • Address such topics as:
    • relations with government,
    • matters of personal character,
    • product safety,
    • environmental issues,
    • customer/supplier relations,
corporate ethics codes cont d
CORPORATE ETHICS CODES (CONT’D)
  • political contributions,
  • employees’ working conditions,
  • bribery,
  • workplace safety,
  • collective bargaining,
  • freedom of expression and
  • fair trade.
fighting business crime
FIGHTING BUSINESS CRIME
  • The 2002 Sarbanes-Oxley Act
  • Federal sentencing guidelines
  • Whistleblower protection
slide47
ETHICAL CHECK LIST:

WHAT ARE THE FACTS?

WHAT ARE THE CRITICAL ISSUES?

WHO ARE THE STAKEHOLDERS?

WHAT ARE THE ALTERNATIVES?

IS IT LEGAL?

slide48
HOW WOULD IT LOOK IN THE LIGHT OF THE DAY?

WHAT ARE THE CONSEQUENCES?

DOES IT VIOLATE IMPORTANT VALUES?

DOES IT VIOLATE THE GOLDEN RULE?

IS IT JUST?

HAS THE PROCESS BEEN FAIR?

ethical responsibilities
ETHICAL RESPONSIBILITIES
  • TO OTHERS
  • TO CUSTOMERS
  • TO EMPLOYEES
  • TO STAKEHOLDERS
  • TO THE COMPANY
  • TO SOCIETY
  • TO YOURSELF
and remember
AND REMEMBER

EXECUTIVES WHO BEHAVE ETHICALLY HAVE HAPPIER, MORE FULFILLED LIVES

slide51
AND

UNETHICAL BEHAVIOR CAN DESTROY A COMPANY

slide52
CHESTER’S

RULES

FOR

ETHICAL

BEHAVIOR