Chap001
Chapter 1
Ethics & Business
McGraw-Hill/Irwin
Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
ETHICS IS TOUGHER THAN YOU
THINK . . .
A person with outward courage dares to die.
A person with inward courage dares to live.
- Lao Tzu
1-2
CHAPTER OBJECTIVES
After exploring this chapter, you will be able to:
1.
2.
3.
4.
5.
6.
7.
Explain why ethics is important in the business environment.
Explain the nature of business ethics as an academic discipline.
Distinguish the ethics of personal integrity from the ethics of social responsibility. Distinguish ethical norms and values from other business-related norms and values.
Distinguish legal responsibilities from ethical responsibilities.
Explain why ethical responsibilities go beyond legal compliance.
Distinguish ethical decision-making from other practical decision situations. 1-3
OPENING DECISION POINT:
CEMEX
The meaning of “Good”
Purchasers are part of an informal economy, they do not have a regular paycheck from which the company can make deductions.
The social culture of this run of the ladder does not currently foster an environment of saving.
There is an intense resignation about how long it would take to afford any improvements at all.
1-4
OPENING DECISION POINT:
CEMEX
The legal status of property ownership is not always clear and documentation is not present or available with regard to assets or sources of income.
Clients generally try to form savings groups (typically made up of women) called tanda. The tandas often fall apart when everyday issues arise during the course of the week, before each woman has received her share.
1-5
PURPOSE OF OUR DISCUSSION:
LEARNING OBJECTIVES
Sensitivity: To insure that you are aware of/sensitive to ethical issues in all aspects of the business environment and professional exchanges. Skill-building: To provide you with reasoning and decision-making tools to help you think through ethical issues and to
Ethics & Business
McGraw-Hill/Irwin
Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
ETHICS IS TOUGHER THAN YOU
THINK . . .
A person with outward courage dares to die.
A person with inward courage dares to live.
- Lao Tzu
1-2
CHAPTER OBJECTIVES
After exploring this chapter, you will be able to:
1.
2.
3.
4.
5.
6.
7.
Explain why ethics is important in the business environment.
Explain the nature of business ethics as an academic discipline.
Distinguish the ethics of personal integrity from the ethics of social responsibility. Distinguish ethical norms and values from other business-related norms and values.
Distinguish legal responsibilities from ethical responsibilities.
Explain why ethical responsibilities go beyond legal compliance.
Distinguish ethical decision-making from other practical decision situations. 1-3
OPENING DECISION POINT:
CEMEX
The meaning of “Good”
Purchasers are part of an informal economy, they do not have a regular paycheck from which the company can make deductions.
The social culture of this run of the ladder does not currently foster an environment of saving.
There is an intense resignation about how long it would take to afford any improvements at all.
1-4
OPENING DECISION POINT:
CEMEX
The legal status of property ownership is not always clear and documentation is not present or available with regard to assets or sources of income.
Clients generally try to form savings groups (typically made up of women) called tanda. The tandas often fall apart when everyday issues arise during the course of the week, before each woman has received her share.
1-5
PURPOSE OF OUR DISCUSSION:
LEARNING OBJECTIVES
Sensitivity: To insure that you are aware of/sensitive to ethical issues in all aspects of the business environment and professional exchanges. Skill-building: To provide you with reasoning and decision-making tools to help you think through ethical issues and to