BUSINESS ETHICS


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1 : Business Ethics 1 BUSINESS ETHICS Bill Baddorf WDBaddorf@ngu.edu 915-3654
2 : Business Ethics 2 Ethics Test Quick and easy … First thought that comes to your mind.
3 : Business Ethics 3 QUICK TEST OF YOUR ETHICS BELIEFS Answer each question with your first reaction. Circle the number, from 1 to 4, that best represents your beliefs if 1 represents “Completely Agree” and 4 represents “Completely Disagree.” I consider myself the type of person who does whatever it takes to get the job done, period. 1 2 3 4 Ethics should be taught at home and in the family, not in professional or higher education. 1 2 3 4 I believe that the “golden rule” is that the person who has the gold rules. 1 2 3 4 Rules are for people who don’t really want to make it to the top of a company. 1 2 3 4 Acting ethically at home and with friends is not the same as acting ethically on the job. 1 2 3 4 I would do what is needed to promote my own career in a company, short of committing a serious crime. 1 2 3 4 Cutthroat competition is part of getting ahead in the business world. 1 2 3 4 Lying is usually necessary to succeed in business. 1 2 3 4 I would hide truthful information about someone or something at work to save my job. 1 2 3 4 I consider money to be the most important reason for working at a job or in an organization. 1 2 3 4 Add up all the points. Total Score is _________
4 : Business Ethics 4 Self Grading of Test Add up all the numbers you circled. What was your grade? 10? 15? 30? 40? …………………………………………….. The lower the score, the more questionable are your ethical principles regarding business activities. 10 is the lowest … 40 is the highest. Consider why you answered as you did.
5 : Business Ethics 5 R Business ethics is about relationships, values, justice, and identity (personal, professional, corporate, national, and global). Why does the corporation exist? What is its raison d’etre? How are we going to treat stakeholders? What’s a stakeholder? What is our purpose, our values, our culture?
6 : Business Ethics 6 RWe need an ethical framework to figure this all out! To make decisions that matter. To collect and analyze our thoughts. To decide what is right: Ethically Morally Economically Socially Legally Spiritually … and often these disagree!!!
7 : Business Ethics 7 RFoot Stomper #1 – Classical ethical principles remain constant! What is the source of the most classical source of ethics? The BIBLE! (keep these Scriptures in mind for your Operations Manual)
8 : Business Ethics 8 RSource of all Truth Heb 13:8 Jesus Christ is the same yesterday and today and forever. NASU Matt 5:18 "For truly I say to you, until heaven and earth pass away, not the smallest letter or stroke shall pass from the Law until all is accomplished. NASU 2 Tim 3:16-17 16 All Scripture is inspired by God and profitable for teaching, for reproof, for correction, for training in righteousness; 17 so that the man of God may be adequate, equipped for every good work. NASU
9 : Business Ethics 9 Housekeeping Attendance Roster (pass in Ethics Pledge – print name – top right) Syllabus Ethics Pledge 7 step Case Analysis Principles of Operations Journal
10 : Business Ethics 10 Ethics – what is it? Webster: Relating to, or treating of morals. Science of morals, moral principles, rules of conduct. Weiss: Asking what is “right and wrong, good and bad, and harmful and beneficial…” Bruce Kaye: (Law, Morality and the Bible) “The ultimate goal of the day-to-day ethical actions of the Christian is the glory of God.” World café: how did you describe Ethics?
11 : Business Ethics 11 Chapter One Business Ethics, the Changing Environment, and Stakeholder Management Business Ethics: A Stakeholder and Issues Management Approach, 4e, Joseph W. Weiss Copyright ©2006 by South-Western, a division of Thomson Business & Economics. All rights reserved.
12 : Business Ethics 12 Recent Examples of Ethical Events in Corporate America Scandals Enron Tyco WorldCom, etc. Excessive CEO pay and poor firm performance Sarbanes-Oxley Act of 2002 Outsourcing trends
13 : Business Ethics 13 Figure 1.1: Environmental Dimensions Affecting Industries, Organizations, and Jobs
14 : Business Ethics 14 Figure 1.2: Primary vs. Secondary Stakeholder Groups
15 : Business Ethics 15 Secondary Stakeholders Local community groups Special-interest groups Consumer groups Environmental groups Media Society-at-large American Civil Liberties groups Should managers pay attention to the needs of these groups? What priority should they have?
16 : Business Ethics 16 What is Business Ethics? Laura Nash has defined business ethics as “the study of how personal moral norms apply to the activities and goals of commercial enterprise,” as dealing with three basic areas of managerial decision making: Choices about what the laws should be and whether to follow them Choices about economic and social issues outside the domain of law Choices about the priority of self-interest over the company’s interests
17 : Business Ethics 17 Unethical Business Practices of Employees Showing respect to those who act unethically Abusive or intimidating behavior Misrepresentation of hours worked Lying Withholding information Context issues: Companies in transition (mergers, downsizing) Younger managers and employees with lower tenure in the organization
18 : Business Ethics 18 When Organizations Do Well in Regard to Ethics Top management keeps promises and discusses the importance of ethics Good role models for ethical behavior; honesty and respect practiced more Less unethical behavior observed since 2000 More misconduct being reported by employees since 2000
19 : Business Ethics 19 Where the Most Unethical Behavior Happens Government Sales Law Media Finance Medicine Banking Manufacturing
20 : Business Ethics 20 The Costs of Doing Business Unethically Billions of dollars each year in lawsuits and settlements Deterioration of relationships Damage to reputation Declining employee productivity, creativity, and loyalty Ineffective information flow throughout the organization Absenteeism and turnover Theft (est. $600 billion annually)
21 : Business Ethics 21 Figure 1.3: Business Ethics Levels
22 : Business Ethics 22 Key Questions if Faced with an Ethical Dilemma What are my core values and beliefs? What are the core values and beliefs of my organization? Whose values, beliefs, and interests may be at risk in this decision? Why? Who will be harmed or helped by my decision or by the decision of my organization? How will my own and my organization’s core values and beliefs be affected or changed by this decision? How will I and my organization be affected by the decision? WHAT’s MISSING HERE??
23 : Business Ethics 23 Key Questions if Faced with an Ethical Dilemma #1: What does the Bible say? This is the reason for the Principles of Operation Journal … what does the Bible say? Are my “core beliefs and beliefs of my organization” more or less important than what the Bible says?
24 : Business Ethics 24 Ps 119:11 11 Your word I have treasured in my heart, That I may not sin against You. Ps 119:89 Forever, O LORD, Your word is settled in heaven. Ps 119:105 Your word is a lamp to my feet And a light to my path. Ps 119:133 133 Establish my footsteps in Your word, And do not let any iniquity have dominion over me. Ps 119:140 140 Your word is very pure, Therefore Your servant loves it. Ps 119:160 160 The sum of Your word is truth, And every one of Your righteous ordinances is everlasting. John 17:17-18 A Sanctify them in the truth; Your word is truth.
25 : Business Ethics 25 Aaron Feuerstein Malden Mills Fire Jewish – relying on lessons from the Torah Kept everyone on salary while closed Rebuilt & borrowed $ to upgrade “I did it because it was the right thing to do” DO RIGHT BECAUSE IT’S RIGHT TO DO RIGHT!
26 : Business Ethics 26 Homework Today’s: 2, 3, 6, 7, 8, (9/10think on those) Review Ethical Dilemma: You’re on the Hot Seat Questions 1 - 3
27 : Business Ethics 27 Ethics The Law of Christ John 15:8-11 8 "My Father is glorified by this, that you bear much fruit, and so prove to be My disciples. 9 "Just as the Father has loved Me, I have also loved you; abide in My love. 10 " If you keep My commandments, you will abide in My love; just as I have kept My Father's commandments and abide in His love. 11 " These things I have spoken to you so that My joy may be in you, and that your joy may be made full. NASV
28 : Business Ethics 28 See You Thursday! Build on a good foundation

 

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Business Ethics. 19. Where the Most Unethical Behavior Happens. Government; Sales; Law; Media; Fina    more
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