WHAT ETHICS MEAN? WHAT IS ETHICS? How people try to live their lives according to a standard of ―right‖ or ―wrong‖ behavior – in both how we think and behave toward others and how we would like them to think and behave toward us. The principles of right and wrong that are accepted by an individual or a social group. RIGHT AND WRONG UNDERSTAND RIGHT AND WRONG Moral standard are principles based on beliefs of each individual which can come from many different sources: Friends Family Ethnic background Religion School The media—television, radio, newspapers, magazines, the Internet Personal role models/mentors UNDERSTAND RIGHT AND WRONG Your personal set of morals (your morality) represents a collection of all influences (mentioned in previous slide) as they are built up over your lifetime. These standards would then provide a moral compass (a sense of personal direction) to guide you in the choices you make in your life. ETHICAL VS. UNETHICAL BEHAVIOR Ethical Behavior Unethical Behavior Behavior conforms to Behavior that individual beliefs and conforms to social norms about individual beliefs and what is right and social norms about good. what is defined as wrong and bad. AS BEING A STUDENT, WHAT IS YOUR ETHICAL BEHAVIOR? Are they the same? ETHICS VS. LEGALITY WHAT DO YOU THINK? Isit legal to steal your friend’s car? Isit ethical to steal your friend’s car? WHAT DO YOU THINK? Isit legal to buy pirate music, movie? Isit ethical to buy pirate music, movie? HOW ABOUT THIS? Is it legal to steal your friend’s lover? Is it ethical to steal your friend’s lover? HOW ABOUT THIS? Isit legal to lie your parents that you work hard in studying here, but you are not in reality? Isit ethical to lie your parents that you work hard in studying here, but you are not in reality? WHAT IS THE DIFFERENCE BETWEEN LEGALITY AND ETHICS? ETHICS VS. LEGALITY Ethics reflects Legality refers to people’s proper laws we have relations with one written to protect another: ourselves from How should people fraud, theft, and treat others? violence What responsibility should they feel for others? HOW DOES ETHICS DIFFER FROM LEGALITY? Following the law is an important 1st step, but ethical behavior requires more than that. Laws don’t make people honest, reliable, or truthful. Legality is more narrow than ethics. HOW WOULD YOU ACT IN THE FOLLOWING SITUATIONS? 1. You buy a candy bar at the store and pay the cashier with a $5 bill. You are mistakenly given change from a $20 bill. What do you do? HOW WOULD YOU ACT IN THE FOLLOWING SITUATIONS? 2. You are riding in a taxicab and notice a $20 bill that has obviously fallen from someone’s wallet or pocketbook. What do you do? HOW WOULD YOU ACT IN THE FOLLOWING SITUATIONS? 3. You live in a small city that is difficult to find a job. Unfortunately, you have just lost your job at the local bookstore. The best-paying job you can find is at the local meatpacking plant, but you are a vegetarian and feel strongly that killing animals for food is unjust. What do you do? HOW WOULD YOU ACT IN THE FOLLOWING SITUATIONS? 4. You are having a romantic dinner with your spouse to celebrate your wedding anniversary. Suddenly, at the nearby table, a man starts yelling at the young woman he is dining with and becomes so verbally abusive that she starts to cry. What do you do? HOW WOULD YOU ACT IN THE FOLLOWING SITUATIONS? 5. You are shopping in a department store and observe a young man taking a watch from display stand on the jewelry counter and slipping it into his pocket. What do you do? WHAT IS BUSINESS ETHICS? BUSINESS ETHICS Principles and standards that determine acceptable conduct in business The acceptability of behavior in business is determined by customers, competitors, government regulators, interest groups, the public, and each individual’s personal moral principles and value. Stakeholders of business = ? BABARA E-MAIL (Business Ethics A Stakeholder and Issues management Approach: p.363) ABOUT BABARA Single mom, 51 years old, have children to support Have financial problems: student loan, house taxes and insurance payment (-> now she’s putting her house in the market), monthly medicine payment, etc. Now, she works for a firm which apply ―B-10‖ policy to her department. B-10 policy: cut off 10% of employees each year, which means the rest of them need to work harder. Before employee get fired, it requires 2 fault reports. This policy also enable managers only know how to take control of lower employees without understanding how to do jobs. ABOUT BABARA (CON’T) She’s got twice reports: Not following company’s directions She did not get fired due to she went to supervisors and pursued her right. Yet, she has never gotten any promotions from firm for more than 2 years. DISCUSSION: BABARA CASE Questions: 1. What is your reaction to this e-mail? 2. Is Babara’s situation unique, or is she representative of other employees in the workforce? 3. What advice would you offer her? REFERENCES Ghillyer, Andrew W., 2010. Business Ethics A Real World Approach. New York: McGraw Hill. Weiss, Joseph W., 2006. Business Ethics A Stakeholder Issues Management Approach. Toronto: Thomson South-Western.
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