what is ethics?
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What Is Ethics?
Dr. Sharon GreenDepartment of Management
and Finance
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Where are we starting from?
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What is ‘Ethics’?
ethics |ˈeθiks| |ˈɛθɪks| |ˈɛθɪks|plural noun
1 [usu. treated as pl. ] moral principles that govern a person's or group's behavior • the moral correctness of specified conduct: the ethics of child labor.
2 [usu. treated as sing. ] the branch of knowledge that deals with moral principles.
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What do we mean by ‘Moral’?
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moral moral |ˈmôrəl; ˈmär-|adjective concerned with the principles of right and wrong
behavior and the goodness or badness of human character • concerned with or adhering to the code of interpersonal behavior that is considered right or acceptable • holding or manifesting high principles for proper conduct
a lesson, esp. one concerning what is right or prudent, that can be derived from a story, a piece of information, or an experience.
morals: a person's standards of behavior or beliefs concerning what is and is not acceptable for them to do • standards of behavior that are considered good or acceptable
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What do we mean by ‘Responsible’responsibleresponsible |riˈspänsəbəl| adjective having an obligation to do something, or having control
over or care for someone, as part of one's job or role
being the primary cause of something and so able to be blamed or credited for it
(of a job or position) involving important duties, independent decision-making, or control over others
(responsible to) having to report to (a superior or someone in authority) and be answerable to them for one's actions
capable of being trusted : a responsible adult
morally accountable for one's behavior 5
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What do we mean by ‘Prudential’?prudential |proōˈden ch əl| adjective
involving or showing care and forethought, especially in business and financial matters.
prudent |ˈproōdnt| adjectiveacting with or showing care and thought for
the future : No prudent money manager would authorize a loan without first knowing its purpose.
shrewd in the management of of practical affairs. Frugal.
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Are you a…
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or a
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Do you know the difference…
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Do you already have all the…
ANSWERS
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Do we have an ‘ethical sense’?
Where and how do we sense right and wrong?
Is there an ‘ethical sense’ that is like our senses of sight, hearing, smell, touch?
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Moral Intelligence
Moral intelligence (MI)The capacity to determine how universal
human principles should be applied to our personal values, goals, and actions (Lennick & Kiel, 2005).
Important “differentiating competency”.MI is a “soft” skill.MI makes a significant difference in
organizational effectiveness.Moral intelligence provides a basis for
insight.
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Moral Intelligence
Four + 2 Principles of Moral Intelligence
IntegrityResponsibilityCompassionForgiveness
Imagination Courage
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Compassion
Responsibility
Forgiveness
Moral CompetencyIntegrity
N
S
W
E
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Moral Competency
“In their decision-making role, executive ethical leaders are thought to hold to a solid set of ethical values and principles.”
From “Moral Person and Moral Manager” by Trevino, Hartman & Brown, 2000
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Universal Principles
IntegrityResponsibilityCompassionForgivenessGenerosityCommitment to
a transcending power
JusticeTemperance/
Self-DisciplineHumilityCare for living
things and the environment
Wisdom Courage
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Business Ethics: What is it?
Is “business ethics” an oxymoron?Oxymoron: a combination of contradictory
or incongruous words; e.g., cruel kindness.
Should we be cynical about the potential for ethical action in today’s businesses?Cynical: believing that people are
motivated only by self-interest; distrustful of human sincerity or integrity; pessimistic.
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How Cynical Are We?
What was your cynicism quotient?Possible outcomes from 10 to 50, where
50 is COMPLETELY CYNICAL.Plot the class.What are the implications for managing
ethics in an organization?
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Expand your peripheral vision
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Ethical Decision Making Process
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EthicalEthicalAwarenessAwareness
EthicalEthicalJudgmentJudgment
EthicalEthicalBehaviorBehavior
Characteristics of Individuals
Characteristics of Organizations
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Thriving at Work Without Selling Your Soul
Understand the difference between healthy vs. unhealthy compromise
Know how to redefine the game and engage at a higher level
Strengthen your ability to engage at a higher level in a wide range of circumstances
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Why be ethical?
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It Pays to be Ethical
22WME: World’s Most Ethical Companies (from Ethisphere)
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Mechanical Brake Systems MBS
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3,125 full-time employees116 part-time employees
Started in Union CityBy Floyd & Jake Jenner
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Meet Mr. Steve Lee, CEO of MBS
CEO and President of MBS for the last ten years
Background in finance, no manufacturing experience
End MBS’ pension plan and sharply reduce health care benefits?
What is the ethical choice? What do you recommend?
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Design for Ethics & Responsibility: D4E&RDeliverables
20 minute Team PresentationOur Target OrganizationOur research processOur findings (ethical issues, current state of ethics
and social responsibility, examples)Our recommendations, including implementation
7-10 page Management ProposalFollowing the same format, a written proposal to
management of the Target Organization
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Design for Ethics & Responsibility: D4E&RProcess
Meet your team and make Team Agreements Identify your Target OrganizationSecondary Research divided among Team
MembersField Research divided among Team Members
Cultural AssessmentEthics Audit (B Corps)
Analyze results and interpret(re)Design for Ethics & ResponsibilityPlan and complete your Presentation/Proposal
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Team Problem Solving: Dialectic Process
Problemas Given
ProblemChosen
ProblemDefined
SolutionChosen
SolutionImple-
mented
InformationGathering
Visioning/Exploration
IdeaGetting Participation
PrioritySetting
ProblemDefinition
DecisionMaking
Planning
Leader Detective Inventor Coordinator
SituationAnalysis
ProblemAnalysis
SolutionAnalysis
ImplementationAnalysis
Green
Mode
Red
Mode
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Team Leaders & Team MembersDecide who will take leadership responsibility
each week, post your schedule to Blackboard.Take your Team Leader responsibilities
seriously. Practice assertive leadership skills. Practice integrity, responsibility, compassion and
forgiveness
Take your Team Member responsibilities seriously. Support the Team Leader. Come prepared, participate and don’t block work.
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Reading & Class Prep for Next WeekManaging Business Ethics Chapter 2Moral Intelligence Chapters 3 & 4The Compromise Trap Chapters 1 & 2Class Prep
Values Ranking Survey (Blackboard) Worksheets 1 & 3 in L & K (pp. 41 & 51) Identify your favorite ‘moral virus’ (L&K Ch. 4 &
BB) Communicate with your team about possible TOs
and your Team Contract Begin Secondary Research for D4E&R
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Values Ranking
Complete the Personal Values Ranking, providing ranks for your terminal values and your instrumental values separately. Attempt to rank all of the values.
Write a one-to-two paragraph commentary and interpretation of your rankings. What was your experience of completing the rankings? What do your value rankings say about you as a business professional? How do your values guide your ethical choices?