Transcript Why Study Ethics?
Why Study Ethics? Management 117 Joseph Desjardins Author “Business Ethics” Jerry Estenson, Professor 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 Foundation of a strong strategy Objectives Goals Mission Vision Beliefs Values Purpose 3 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. 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 Ethics determine by • Individual thinking for themselves – “an unexamined life , is not worth living” Socrates. • You therefore will be required to be thoughtful. Ethics as the law • Law is history – ethical decisions are now 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 Business Ethics • The ethics of those charged with acting on behalf of a business. What should a business manager do in various situations? We as educated members of society need ask: • How should we live as an individual and a member of society?