Presentation on theme: "Why Study Ethics? Management 117"— Presentation transcript:
1 Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics”Jerry Estenson, Professor
2 Why? Need to be prepared for careers in business Many have been harmed by lack of attention to ethicsLaw requires itLack of knowledge creates risks in the marketplace
3 Foundation of a strong strategy ObjectivesGoalsMissionVisionBeliefsValuesPurpose
4 The Legacy Thing Collins and Porras CORE IDEOLOGYCORE VALUESOrganization’s essential and enduring tenets - a small set of guiding principles. Not compromised for financial or individual political gain.PURPOSEFundamental reason for existence - A perpetual guiding star on the horizon.Use the scenario where an individual is an intellectual worker in California. There income is 100% mobile as is their work location. Make the case on why they should stay in California and pay the extra 1% tax.
5 Determining if a “Value” is Ethical Serves the end of human well-beingHappiness, integrity, meaning, freedom, autonomy, companionship, health.Smoking is Ok thenEthical if promote well-being in an impartial way.Malden Mills – ethical, well-being, bad outcome
6 Ethics determine by Individual thinking for themselves “an unexamined life , is not worth living” Socrates.You therefore will be required to be thoughtful.
7 Ethics as the lawLaw is history – ethical decisions are now
8 First Old Dead Guys“ethics deals with no small things, but how we ought to live.” SocratesEthos became ethics – customary (the rule of tribal norms)Philosophical ethics – seeks a reasoned analysis of custom and a reasoned defense of how we “ought” to live
9 Business EthicsThe ethics of those charged with acting on behalf of a business. What should a business manager do in various situations?
10 We as educated members of society need ask: How should we live as an individual and a member of society?