Transcript FB2300 Management Managerial Ethics Jenny Lee

FB2300 Management
Managerial Ethics
Jenny Lee
Circle the number between 1 to 5 that best represents your own
beliefs about business:
Strong
Strongly
Disagree
Agree
1.
Financial gain is all that counts in Business
1
2
3
4
5
2.
The business world has its own rules
1
2
3
4
5
3.
Business is like a game – on plays to win
1
2
3
4
5
4.
Competition forces business managers to resort to
1
2
3
4
5
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.