Chapter 2: Things To Know Flashcards
(46 cards)
Responsibility
The ability or authority to act or decide on one’s own without supervision
Personal and Corporate
In looking for people to hire, you look for three qualities:
1) integrity
2) intelligence
3) energy
And if they don’t have the first, the other two will lol you”
-Warren Buffett
Trust blown destroys
Value
Spider-Man reference to responsibility
With great power comes great responsibility
Volkswagen responsibility
Said all cars were running on clean diesel which was a lie
- put in place a software to say car is in testing mode and running on clean diesel
- costs them 50+ billion dollars
- several execs. in jail
What/How do most people want to do things at their job
Responsibility and ethically, some don’t and get their companies in trouble and they lose millions of dollars
Three steps to teaching ethics
Awareness
Judgement
Behavior
PONG in ethics
Personal
Organizational
National
Global
Which part of ethics PONG is most important
Personal
Ethics Resource Center Statistics and their percent point changes
41% workers observed misconduct (change by 4%)
63% reported observed misconduct (change by 2%): negative
21% perceived retaliation from misconduct report (change by 1%)
9% perceived pressure to commit a misconduct (change by 4%): second lowest number of people
Negative Trend
Five most frequently observed misconduct (ethics resource center)
Discrimination Conflict of Interest Internet Bad Use Abusive Behavior Lying to Employees
Trend on misconduct is
Declining
Sarbanes Oxley Act
Global business ethics survey top misconduct categories
Bribes and Corruption Regulatory Violations Fraud/Lying and Theft Contract Misconduct Employee Abuse
Ethics Basic Definition
Set of Principles
Right Conduct
Underlying Values
Where should start with ethics
Personal values
Example of Ethics
Greys Anatomy
- serial killer wants to kill himself so kid can get organs
- dr Bailey walks in and tells Derek to stop operating bc he’s trying to kill himself anyways
- Derek asks tells her she has to decide whether he’s an executioner or a surgeon
- Bailey tells him to pick up the scalpel
- ethical thing to do
International Business Ethics
Cultural Relativism: every culture/nation I operate in, I do what they say
Moral Absolutism: someone that says MY country, MY company, MY home country protocols
Hyper-Norms
Ethical protocols shared across nations
Custom and Culture vs Ethics
Custom and Culture can be way different in different parts of the world but Ethics is not.
Ethics tends to cross among trading nations
Conventional Approach (Societal Norm Focus)
Comparison of: decision, behavior or practice
To: prevailing Norms of acceptability
What is to what society says is the norm.
Measure and assess what’s happening
Common sense ethics
Principles Approach Moral Reasoning
Individualism (personal interest)
Moral rights (fundamental rights)
Utilitarian (greater good for most)
Justice (fairness and impartiality)
Ethical decision making assessment framework
Structured way to address an ethical issue
Awareness Facts Stakeholder Standards Values Actions
When a male supervisor talks to female employees, he calls them “sweetie”. You his boss hear this. What to do?
Talk to HR and get help
Use the ethical decision making framework to assess the supervisor calling woman “sweetie”
1) ask what’s going on, use of term, sexual harassment
2) find out if everyone is comfortable/ are people complaining abt his actions
3) the stakeholders are everyone that works in the department up to customers, legal advisors, HR etc.
4) standards are company policy, state laws (code of conduct etc)
5) personal values towards situation
6) talk to HR and get help (hostile workplace)
