ETHICS

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					CHAPTER 2


BUSINESS
 ETHICS



            1
ETHICS

   THE STUDY OF HOW
  PEOPLE OUGHT TO ACT



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NOT HOW
THEY ACT
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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                           5
CALLED IN SICK WHEN
      NOT ILL?




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TAKEN OFFICE SUPPLIES
  FROM AN EMPLOYER
  FOR PERSONAL USE?


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TAKEN ANYTHING
VALUABLE FROM AN
  EMPLOYER FOR
 PERSONAL USE?

                   8
MISSTATED FACTS ON A
     RESUME/JOB
    APPLICATION?


                       9
SHIFTED BLAME TO A
  CO-WORKER FOR
SOMETHING YOU DID?


                     10
BEEN UNDERCHARGED
  OR RECEIVED TOO
MUCH CHANGE FROM A
  CASHIER AND NOT
    TOLD THEM?

                     11
DOWNLOADED MUSIC
  FROM AN INTERNET
SITE WITHOUT PAYING
       FOR IT?

                      12
“CHEATED” ON YOUR TAX
     RETURN (NOT
  DECLARED INCOME OR
    OVER-REPORTED
     DEDUCTIONS?

                    13
SWITCHED PRICE TAGS
TO GET A LOWER PRICE
 ON SOMETHING YOU
  WANTED TO BUY?

                   14
LIED TO FRIENDS OR
  FAMILY MEMBERS
    ABOUT THEIR
  APPEARANCES TO
AVOID HURTING THEIR
     FEELINGS?
                      15
 KNOWING YOU HAD
  LITTLE CHANCE OF
  GETTING CAUGHT,
DRIVEN MORE THAN 20
MPH OVER THE SPEED
 LIMIT OR RAN A RED
       LIGHT?
                      16
LIED TO YOUR SPOUSE,
PARTNER, SIGNIFICANT
    OTHER, AND/OR
  PARENT, ABOUT THE
   COST OF A RECENT
      PURCHASE?
                   17
LIED TO YOUR SPOUSE,
PARTNER, SIGNIFICANT
  OTHER, ABOUT YOUR
  RELATIONSHIP WITH
   ANOTHER PERSON?

                   18
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%
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WHY STUDY
 ETHICS
    ?


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WORLDCOM




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HEALTHSOUTH




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24
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ImClone




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WORLDCOM




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HEALTHSOUTH




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ImClone




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              KEY POINTS

   Exploration of real-life business ethics
    issues
   Teleological and deontological approaches
    to ethical issues
   Corporate ethics codes
   Lots of rules and thoughts



                                            33
LAW AND ETHICS
MAY NOT ALWAYS
    AGREE!

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SOMETIMES IT IS ETHICAL
 TO COMMIT AN ILLEGAL
  ACT AND SOME LEGAL
  ACTS ARE UNETHICAL


                      35
 ETHICAL DILEMMAS


 Career and Family:
    Are career and
family goals ethically
     compatible?
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         Ethical Structures

   Religion:

   Libertarianism:

   Virtue Ethics:
                              37
 TELEOLOGICAL
ETHICAL SYSTEMS
    SOMETIMES CALLED



CONSEQUENTIAL
   SYSTEMS
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DEONTOLOGICAL
ETHICAL SYSTEMS

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 AMERICA’S MORAL CLIMATE

1.Teens
2. College students
3. Business practices
4. Schools
5. Politics
                           40
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.

                                         41
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:

                                 42
MANAGERIAL ETHICS: PART II



Managers are the ethics teachers
    of their organizations




                               43
    Corporate Ethics Codes

 Address      such topics as:
  relationswith government,
  matters of personal character,

  product safety,

  environmental issues,

  customer/supplier relations,


                                    44
CORPORATE ETHICS CODES
       (CONT’D)
 political contributions,
 employees’ working conditions,

 bribery,

 workplace safety,

 collective bargaining,

 freedom of expression and

 fair trade.


                                   45
FIGHTING BUSINESS CRIME

 The   2002 Sarbanes-Oxley Act

 Federal   sentencing guidelines

 Whistleblower   protection

                                    46
ETHICAL CHECK LIST:

WHAT ARE THE FACTS?
WHAT ARE THE CRITICAL ISSUES?
WHO ARE THE STAKEHOLDERS?
WHAT ARE THE ALTERNATIVES?
IS IT LEGAL?

                            47
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?


                               48
ETHICAL RESPONSIBILITIES
          TO OTHERS
        TO CUSTOMERS

        TO EMPLOYEES

      TO STAKEHOLDERS

       TO THE COMPANY

          TO SOCIETY

         TO YOURSELF



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  AND REMEMBER


EXECUTIVES WHO BEHAVE
ETHICALLY HAVE HAPPIER,
 MORE FULFILLED LIVES



                          50
        AND


UNETHICAL BEHAVIOR CAN
  DESTROY A COMPANY




                         51
CHESTER’S
  RULES
   FOR
 ETHICAL
BEHAVIOR

            52
WHEN IN DOUBT,
    DON’T


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IF IT SMELLS BAD, IT
    PROBABLY IS


                   54
 IF IT SOUNDS TO
GOOD TO BE TRUE,
  IT PROBABLY IS

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 NEVER DO ANYTHING YOU
WOULD BE EMBARRASSED TO
TELL YOUR MOTHER ABOUT




                      56

				
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