ethic class
TRANSCRIPT
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BUSINESS ETHICSAN INTRODUCTION
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What is not Business Ethics?1. Ethics is different from religion
2. Ethics is not synonymous with law.
3. Ethical Standards are different fromcultural traits.
4. Ethics is different from feelings.
5. Ethics is not science in the strictestsense of term.
6. Ethics is not just a collection of
values.
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Five Myths About Business Ethics
Myth 1. Ethics is a personal, individual
affair, not a public or debatable
matter.
Myth 2. Business and ethics do not mix.
Myth 3. Ethics in business is relative.
Myth 4. Good business means good ethics.Myth 5. Information and computing are a
moral.
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Types of Ethical Dilemmas
(Source: Brigham Young University School ofBusiness)
1. Taking things that dont belong to you.
2. Saying things you know are not true.
3. Giving or allowing false impression.
4. Buying influence or engaging in conflict
of interest.
5. Hiding or divulging information.
6. Taking unfair advantage.Contd
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7. Committing Acts of PersonalDecadence
8. Perpetrating Interpersonal Abuse
9. Permitting Organizational Abuse10.Violating Rules
11.Condoning Unethical Actions
12.Balancing Ethical Dilemmas
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The Role of Leadership in
Developing an Ethics Program1. Conduct a rigorous self-assessment of
the firms values and its existing
ethics and compliance program.
2. Maintain commitment from top
managers.
3. Publish, post, and make codes ofethics available and understandable.
Contd..
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4. Communicate ethical standards
through multiple channels (e.g.
paper, documents and webpages).
5. Provide timely training to reinforce
knowledge.
6. Provide confidential resources towhom employees can go for advice or
to report their concerns.
7. Ensure consistent implementation.8. Respond and enforce consistently,
promptly, and fairly.
Contd.. 3
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9. Monitor and assess using appropriate
methods.10.Revise and reform to ensure
continuous improvement
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Six leadership styles based on
Emotional Intelligence1. The coercive leader demands instantaneousobedience and focuses on achievement, initiative,
and self-control. Although this style can be very
effective during times of crisis or during a
turnaround, it otherwise creates a negative
climate for organizational performance.
2. The authoritative leader-considered to be one of
the most effective styles-inspires employee to
follow a vision, facilitates change, and creates astrongly positive performance climate.
Contd.
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3. The affiliative leader value people, their emotions, and
their needs and relies on friendship and trust to
promote flexibility, innovation, and risk taking.
4. The democratic leader relies on participation and
teamwork to reach collaborative decisions. The style
focuses on communication and creates a positive
climate for achieving results.
5. The pacesetting leader can create a negative climatebecause of the high standards that he or she sets. This
style works best for attaining quick results from highly
motivated individuals who value achievement and take
the initiatives.
6. The Coaching leader builds a positive climate by
developing skills to foster long term success, delegates
responsibility, and skillful in issuing challenging
assignments.
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Seven Habits of Strong Ethical
Leaders1. Ethical leaders have strong personal character.
2. Ethical leaders have a passion to do right.
3. Ethical leaders are proactive.
4. Ethical leaders consider stakeholders interests.5. Ethical leaders are role models for the
organizations value.
6. Ethical leaders are transparent and actively
involved in organizational decision making.
7. Ethical leaders are competent managers who
take a holistic view of the firms ethical culture.
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New Belgium Brewing Companys Core
Values Producing world-class beers
Promoting beer culture and the responsible
enjoyment of beer
Seeking continuous, innovative quality andefficiency improvements.
Transcending customers expectations.
Practicing environmental stewardship
Kindling social, environmental and culturalchange as a business role model.
Having Fun.