Scribd Logo
Upload

Welcome to Scribd!

  • 46 views

    MSL 712: Ethics & Values Based Leadership

    Uploaded by

    Shirsendu Mondol
    This document provides an introduction to business ethics, including definitions of ethics, morality, and moral standards. It discusses arguments for and against business ethics. It also outlines four steps to ethical behavior: recognizing an ethical situation, making an ethical judgment, deciding to act ethically, and carrying out that decision. Finally, it discusses moral responsibility and resolving cross-cultural differences in ethics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    MSL 712: Ethics & Values Based Leadership

    Uploaded by

    Shirsendu Mondol
    46 views16 pages
    This document provides an introduction to business ethics, including definitions of ethics, morality, and moral standards. It discusses arguments for and against business ethics. It also outlines four steps to ethical behavior: recognizing an ethical situation, making an ethical judgment, deciding to act ethically, and carrying out that decision. Finally, it discusses moral responsibility and resolving cross-cultural differences in ethics.

    Original Title

    Lecture 1_PPT 1

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides an introduction to business ethics, including definitions of ethics, morality, and moral standards. It discusses arguments for and against business ethics. It also outlines four steps to ethical behavior: recognizing an ethical situation, making an ethical judgment, deciding to act ethically, and carrying out that decision. Finally, it discusses moral responsibility and resolving cross-cultural differences in ethics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views16 pages

    MSL 712: Ethics & Values Based Leadership

    Uploaded by

    Shirsendu Mondol
    This document provides an introduction to business ethics, including definitions of ethics, morality, and moral standards. It discusses arguments for and against business ethics. It also outlines four steps to ethical behavior: recognizing an ethical situation, making an ethical judgment, deciding to act ethically, and carrying out that decision. Finally, it discusses moral responsibility and resolving cross-cultural differences in ethics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 16

    MSL 712: Ethics & Values

    Based Leadership
    Introduction
    Ethics and Morality
    • Ethics is the study of morality.
    – Morality =The standards that an individual or a group has
    about what is right and wrong, or good and evil.
    • Example: B.F.Goodrich A7-D Fraud
    – Moral Standards = norms about the kinds of actions that
    are morally right and wrong, as well as the values placed
    on what is morally good or bad.
    – Non-Moral Standards: The standards by which we judge
    what is good or bad and right or wrong in a non-moral way.
    Five Characteristics of Moral Standards

    • Involve significant injuries or benefits


    • Not established by authority figures
    (Different from the Law or legal System)
    • Should be preferred to other valuesincluding
    self-interest
    • Based on impartial considerations
    • Associated with special emotions and
    vocabulary.
    What is Business Ethics?
    • Broadly, ethics is the discipline that examines
    one’s moral standards or the moralstandards
    of a society to evaluate their reasonableness
    and their implications for one’slife.
    • Business ethics is a specialized study of moral
    right and wrong that concentrates on moral
    standards as they apply to business
    institutions, organizations, and behavior.
    Arguments Against Business Ethics
    • In a free market economy, the pursuit of profit
    will ensure maximum social benefit so
    business ethics is not needed.
    • A manager’s most important obligation is
    loyalty to the company regardless ofethics.
    • So long as companies obey the law they will
    do all that ethicsrequires.
    Arguments Supporting Business Ethics

    • Ethics applies to all human activities.


    • Business cannot survive without ethics.
    • Ethics is consistent with profit seeking.
    • Customers, employees, and people in general
    care about ethics.
    • Studies suggest ethics does not detract from
    profits and seems to contribute to profits.
    Resolving Cross-Cultural Ethical
    Differences
    • Moral Relativism = the theory that there are no
    ethical standards that are absolutely true and
    that apply or should be applied to the companies
    and people of all societies.
    • Objections to Moral Relativism:
    – Some moral standards are found in all societies;
    – Moral differences do notlogically imply relativism;
    – Relativism has incoherent consequences;
    – Relativism privileges whatever moral standardsare
    widely accepted in asociety.
    Resolving Cross-Cultural Ethical
    Differences
    • According to the Integrative SocialContracts
    Theory (ISCT), there are two kinds of moral
    standards:
    – Hypernorms: those moral standards that should
    be applied to people in allsocieties.
    – Microsocial norms: those norms that differ from
    one community to another and that should be
    applied to people only if their community accepts
    those particular norms.
    Moral Reasoning
    • The reasoning process by which human
    behaviors, institutions, or policies arejudged
    to be in accordance with or in violation of
    moral standards.
    • Moral reasoning involves:
    – The moral standards by which we evaluate things
    – Information about what is being evaluated
    – A moral judgment about what is being evaluated.
    Four Steps Leading to Ethical Behavior

    • Step One: Recognizing a situation is an ethical


    situation.
    – Requires framing it as one that requiresethical
    reasoning
    – Situation is likely to be seen as ethical when:
    • involves serious harm that is concentrated, likely, proximate,
    imminent, and potentially violates our moral standards
    – Obstacles to recognizing asituation:
    • Euphemistic labeling, justifying our actions, advantageous
    comparisons, displacement of responsibility, diffusion of
    responsibility, distorting the harm, and dehumanization,and
    attribution of blame.
    Four Steps Leading to Ethical Behavior

    • Step Two: Judging the ethical course of action.


    – Requires moral reasoning that applies our moral
    standards to the information we have about a
    situation.
    – Requires realizing that information about a
    situation may be distorted by biased theories
    about the world, about others, and aboutoneself.
    Four Steps Leading to Ethical Behavior

    • Step Three: Deciding to do the ethicalcourse


    of action.
    – Deciding to do what is ethical can beinfluenced
    by:
    • The culture of an organization—people’s decisionsto
    do what is ethical are greatly influenced by their
    surroundings.
    • Moral seduction—organizations can also generate a
    form of “moral seduction” that can exert subtle
    pressures that can gradually lead an ethical personinto
    decisions to do what he orshe knows is wrong.
    Four Steps Leading to Ethical Behavior

    • Step Four: Carrying out the ethical decision.

    – Factors that influence whether a person carries


    out their ethical decisioninclude:

    • One’s strength or weakness of will

    • One’s belief about the locus of control of one’s actions


    Moral Responsibility
    • Three Components of Moral Responsibility
    – Person caused or helped cause the injury, or
    failed to prevent it when he or she could and
    should have (causality).
    – Person did so knowing what he or she was doing
    (knowledge).
    – Person did so of his or her own freewill
    (freedom).
    Overall perspective
     Business Organizations—Actors
     Their Actions Towards Different Stakeholders
     Stakeholders have inducements &
    contributions

     Business Organizations interactions with


    A. Society at Large (CSR)
    B. Business Ideologies—Markets Based Economic Systems,
    Shareholders
     C. Immediate Community and environment
     D. Customers
     E. Employees

    You might also like