Ethics: The Fabric of Business A DVD and Discussion Guide presented by the

Video Overview SHRM Foundation’s 4 th DVD SHRM Foundation’s 4 th DVD Filmed at Lockheed Martin Headquarters Filmed at Lockheed Martin Headquarters Featuring Wayne Cascio Featuring Wayne Cascio Comprehensive Interviews Comprehensive Interviews Officers, Managers, and Employees Officers, Managers, and Employees

Video Synopsis 1. Introduction 2. Ethical Violations 3. Company Overview 4. Lead by Example 5. Walk the Talk 6. Good Ethics is Good Business 7. Role of HR 8. Business Information 9. Advice for CEOs 10. Advice for Small Firms 11. Issues and Solutions 12. Performance Reviews 13. Conclusion 14. Five Important Lessons

Lockheed Martin Overview Global Operations Global Operations 135,000 Employees 135,000 Employees 5 Business Areas 5 Business Areas Aeronautics Aeronautics Space Systems Space Systems Electronic Systems Electronic Systems Information and Technology Services Information and Technology Services Integrated Systems and Solutions Integrated Systems and Solutions

Ethics at Lockheed Martin Foundation Foundation Corporate Vision and Values Corporate Vision and Values Far Reaching Far Reaching All levels of the Organization All levels of the Organization Training Training Awareness, Business Conduct, Code of Ethics Awareness, Business Conduct, Code of Ethics Accountability Accountability Ethics HelpLine, Department, Committee Ethics HelpLine, Department, Committee

5 Important Lessons Buy-in from top management Buy-in from top management Delivery of consistent message Delivery of consistent message Repetition through internal communication Repetition through internal communication Annual training for everyone Annual training for everyone Ethics component in performance reviews Ethics component in performance reviews

Why is management buy-in critical to building an ethical organization? Consistency Consistency Demonstration Demonstration Emulation Emulation

How can organizational communication build an ethical foundation? Management demonstration Management demonstration Internal accountability controls Internal accountability controls Communication mediums Communication mediums

What are some important aspects of an effective Ethics Reporting System? Familiarity and Accessibility Familiarity and Accessibility Security Security Resolution Resolution

What role does training play in fostering organizational ethics? Increases awareness Increases awareness Communicates expectations Communicates expectations Transfers skills and behaviors Transfers skills and behaviors

What are the benefits of linking performance to ethical standards? Diagnosis Diagnosis Accountability Accountability Method Method

How do ethical companies start down the road to becoming unethical? Management Management Culture Culture Employees Employees

What is HR’s contribution to the ethical framework of an organization? Decision-making process Decision-making process Policies and procedures Policies and procedures Positive work environment Positive work environment

Defines values Defines values Models integrity Models integrity Creates buy-in Creates buy-in How does the culture of an organization impact its ethical behavior?

How does employee empowerment foster ethical decision-making? Trust Trust Psychological contracts Psychological contracts Unbiased experts Unbiased experts

What are the ethical challenges in managing a global workforce? Adaptation Adaptation Local Practices Local Practices Accountability Accountability

HRCI Certifications PHR PHR Operations/Technical Generalist Operations/Technical Generalist SPHR SPHR Strategic/Policy Generalist Strategic/Policy Generalist GPHR GPHR International Generalist International Generalist

SHRM Founded in 1948 Founded in ,000 members 200,000 members Resources Resources SHRM website SHRM website HR Magazine HR Magazine White papers White papers Research surveys Research surveys SHRM Information Center SHRM Information Center

Presented by the SHRM Foundation 501(c)(3) 501(c)(3) Founded in 1966 Founded in 1966 Educational initiatives Educational initiatives Books, videos, DVDs, and scholarships Books, videos, DVDs, and scholarships Funding of HR research projects Funding of HR research projects >85% - published book, article, presentation >85% - published book, article, presentation