Presentation on theme: "Why Study Ethics? Management 117"— Presentation transcript:
1Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics”Jerry Estenson, Professor
2Why? 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
3Foundation of a strong strategy ObjectivesGoalsMissionVisionBeliefsValuesPurpose
4The 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.
5Determining 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
6Ethics determine by Individual thinking for themselves “an unexamined life , is not worth living” Socrates.You therefore will be required to be thoughtful.
7Ethics as the lawLaw is history – ethical decisions are now
8First 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
9Business EthicsThe ethics of those charged with acting on behalf of a business. What should a business manager do in various situations?
10We as educated members of society need ask: How should we live as an individual and a member of society?