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Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics” Jerry Estenson, Professor.

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Presentation on theme: "Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics” Jerry Estenson, Professor."— 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 ethics Law requires it Lack of knowledge creates risks in the marketplace

3 Foundation of a strong strategy BeliefsValuesPurpose Vision Mission Goals Objectives 3

4 The Legacy Thing Collins and Porras CORE IDEOLOGY –CORE VALUES Organization’s essential and enduring tenets - a small set of guiding principles. Not compromised for financial or individual political gain. –PURPOSE Fundamental reason for existence - A perpetual guiding star on the horizon.

5 Determining if a “Value” is Ethical Serves the end of human well-being Happiness, integrity, meaning, freedom, autonomy, companionship, health. – Smoking is Ok then Ethical 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 law Law is history – ethical decisions are now

8 First Old Dead Guys “ethics deals with no small things, but how we ought to live.” Socrates Ethos 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 Ethics The 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?


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