So there was little impact made in the way of ethical behavior
There was a little change though in specific areas * New Rigor
We are going to run into these situation and we are not being trained to do what we run into them
We are now trying to be prepared for those situation
MBA training for ‘value conflicts’
20% not at all, 58% somewhat
Conflicts arise every three months
Trying to get business schools to inject some kind of trying in the B school
Relevance
new business environment more transparency
NGO in influence (interest groups influence they can punish you if you don’t do what they want you to do)
Global impact- labor and child issues
Wider focus is required
Organizing principles required
These should be your value sand ethics
Values and ethics
Values
Desirable principle or quality
They are universal despite socioeconomic background, we all value the same thing (even prisoners)
Why do we break them if we all believe in them?
Ethics
Get it from the slides on how to define
Ethical dilemmas
Individual vs. community
Dilemmas occurs when you run into right vs. right
The life boat example – the boat only holds a certain number and everyone will not fit
What do you think is the right choice?
Don’t we all have an equal right, so how are we going to decide who gets on the boat?
Can you sacrifice the right of the individual for the right of the community?
Justice vs. Mercy
Neighbor is a single father but he is a heavy drinker, he is in a hit and run, do you turn him in?
If you turn him in the children’s lives are ruined, what would you do?
This is fairly common especially in the work place, ppl do something illegal do you turn them into the company?
Small wrong but a large penalty
Truth vs. loyalty
A client massages the sales forecast – she always overestimated them she has a heart attack and you get the job, do you continue to over estimate them?
It comes