ethic class

8/7/2019 ETHIC CLASS

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BUSINESS ETHICSAN INTRODUCTION


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What is not Business Ethics?1. Ethics is different from religion

2. Ethics is not synonymous with law.

3. Ethical Standards are different fromcultural traits.

4. Ethics is different from feelings.

5. Ethics is not science in the strictestsense of term.

6. Ethics is not just a collection of

values.


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Five Myths About Business Ethics

Myth 1. Ethics is a personal, individual

affair, not a public or debatable

matter.

Myth 2. Business and ethics do not mix.

Myth 3. Ethics in business is relative.

Myth 4. Good business means good ethics.Myth 5. Information and computing are a

moral.


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Types of Ethical Dilemmas

(Source: Brigham Young University School ofBusiness)

1. Taking things that dont belong to you.

2. Saying things you know are not true.

3. Giving or allowing false impression.

4. Buying influence or engaging in conflict

of interest.

5. Hiding or divulging information.

6. Taking unfair advantage.Contd


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7. Committing Acts of PersonalDecadence

8. Perpetrating Interpersonal Abuse

9. Permitting Organizational Abuse10.Violating Rules

11.Condoning Unethical Actions

12.Balancing Ethical Dilemmas


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The Role of Leadership in

Developing an Ethics Program1. Conduct a rigorous self-assessment of

the firms values and its existing

ethics and compliance program.

2. Maintain commitment from top

managers.

3. Publish, post, and make codes ofethics available and understandable.

Contd..


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4. Communicate ethical standards

through multiple channels (e.g.

paper, documents and webpages).

5. Provide timely training to reinforce

knowledge.

6. Provide confidential resources towhom employees can go for advice or

to report their concerns.

7. Ensure consistent implementation.8. Respond and enforce consistently,

promptly, and fairly.

Contd.. 3


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9. Monitor and assess using appropriate

methods.10.Revise and reform to ensure

continuous improvement


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Six leadership styles based on

Emotional Intelligence1. The coercive leader demands instantaneousobedience and focuses on achievement, initiative,

and self-control. Although this style can be very

effective during times of crisis or during a

turnaround, it otherwise creates a negative

climate for organizational performance.

2. The authoritative leader-considered to be one of

the most effective styles-inspires employee to

follow a vision, facilitates change, and creates astrongly positive performance climate.

Contd.


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3. The affiliative leader value people, their emotions, and

their needs and relies on friendship and trust to

promote flexibility, innovation, and risk taking.

4. The democratic leader relies on participation and

teamwork to reach collaborative decisions. The style

focuses on communication and creates a positive

climate for achieving results.

5. The pacesetting leader can create a negative climatebecause of the high standards that he or she sets. This

style works best for attaining quick results from highly

motivated individuals who value achievement and take

the initiatives.

6. The Coaching leader builds a positive climate by

developing skills to foster long term success, delegates

responsibility, and skillful in issuing challenging

assignments.


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Seven Habits of Strong Ethical

Leaders1. Ethical leaders have strong personal character.

2. Ethical leaders have a passion to do right.

3. Ethical leaders are proactive.

4. Ethical leaders consider stakeholders interests.5. Ethical leaders are role models for the

organizations value.

6. Ethical leaders are transparent and actively

involved in organizational decision making.

7. Ethical leaders are competent managers who

take a holistic view of the firms ethical culture.


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New Belgium Brewing Companys Core

Values Producing world-class beers

Promoting beer culture and the responsible

enjoyment of beer

Seeking continuous, innovative quality andefficiency improvements.

Transcending customers expectations.

Practicing environmental stewardship

Kindling social, environmental and culturalchange as a business role model.

Having Fun.

ethic class

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