FB2300 Management Managerial Ethics Jenny Lee Circle the number between 1 to 5 that best represents your own beliefs about business: StrongStrongly DisagreeAgree.

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Presentation transcript:

FB2300 Management Managerial Ethics Jenny Lee

Circle the number between 1 to 5 that best represents your own beliefs about business: StrongStrongly DisagreeAgree 1.Financial gain is all that counts in Business The business world has its own rules Business is like a game – on plays to win Competition forces business managers to resort to shady practices

Four views of Ethics - Utilitarian view of ethics - Rights view of ethics - Theory of justice view of ethics - Integrative social contracts theory

Factors that affect Managerial Ethics - Stage of Moral Development. Preconventional. Conventional. Principles - Individual characteristics - Structural variables - Organization’s culture - Issue Intensity

Toward Improving Ethical Behavior Employee Selection Codes of Ethics and Decision Rules Top Management’s Leadership Ethics Training Independent Social Audits Formal Protective Mechanisms

Faculty of Business : 5 core values Integrity Responsibility Fairness Respect compassion

Case Studies on managerial ethics: 1.“Blow the whistle” Focus on how the students should take up the responsibilities on to maintain the integrity and fairness of the organization. 2.Is it right or wrong to tell a lie? Focus on how the students should respect and be compassion with the employees in the organization.