ethics in business management powerpoint slides.pptx

7/27/2019 Ethics in Business Management powerpoint slides.pptx

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By Christopher J. Ackerman


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IntroductionWhen building the foundations for a company, ethics

play a huge role in BOTH

Where the company will go.

How it plans to get there.


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When building the business, one must use

an effective blend of strategy and ethics.Both are equally important.

Strategy

-Focus purely on

economics, profits.

-Easy to ignore moralaspects of decisions.

Ethics

-Focus purely on doing

right thing.

-See everything as rightor wrong (black or

white).

(Elms et. al., 2010)


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Frame of Decisions

When dealing with decisions, the frame it is brought

to them in could determine choice made.

If presented in moral frame, makes it easier to do theright thing.

If presented in managerial frame, right choicetougher to recognize.

(Awasthi, 2008)


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Taking Business Ethics Classes The more educated individuals are, the better they will

be able to recognize ethical issues that they come incontact with.

Classes teach following ideals:

Teach ethical theories and stress remembering your

stakeholders. Teaches that good ethics is good business.

Teaches making ethical choices, even if it isnt the mostprofitable choice.

(Aswasthi, 2008)


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Providing Ethical Training Creates appreciation knowing management stresses

ethics.

Employees will carry taught ethics into theperformances of their job.

This will provide for a proficient and pleasant workingenvironment.

(Valentine, 2009)


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Monitoring Management

Triple Bottom Line

Measures effectiveness of businesses by 3 criteria: Satisfying stockholders profit.

Satisfying employees and community.

Responsibility to the planet. (Briginshaw, 2009)

Conduct Employee Surveys Questionnaires (Vo, 2008)


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Conclusion Companys ethics have a huge impact on where

company goes.

Companies doing things the right way are rewarded inthe long run.

Companies trying to cut corners and performunethically will be recognized for what they are.Inevitably, they will usually fail.


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ReferencesAwasthi, V. N., (2008, March). Managerial decision-making on moral issues andthe effect of teaching ethics.Journal of Business Ethics, 78(1-2), 207-223,(doi:10.1007/s10551-006- 9328-6). Retrieved from ABI Inform database.

Briginshaw, J. (2009, Fall). Addressing possible conflicts of ethical management.Interbeing, 3(2), 1-4. Retrieved from ABI Inform database.

Elms, H., Brammer, S., Harris, J. D., & Phillips, R. A. (2010, July). New directions instrategic management and business ethics. Business Ethics Quarterly, 20(3),401-425. Retrieved from Business Source Premier database.

Valentine, S. (2009, Summer). Ethics training, ethical context, and sales andmarketing professionals satisfaction with supervisors and coworkers.Journalof Personal Selling & Sales Management, 29(3), 227-242. Retrieved fromBusiness Source Premier database.

Vo, T. T. (2008, Fall). Rating management behavior and ethics: a proposal toupgrade the corporate governance rating criteria.Journal of Corporation Law,

34,(1), 1-41. Retrieved from Business Source Premier database.

ethics in business management powerpoint slides.pptx

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