Values & Ethics in Business X420 Discussion Session #80 Kelley School of Business Values Abstract ideals that shape an individual’s thinking and behavior – a moral compass Instrumental values – certain way of behaving is appropriate in all situations – “means”. Terminal values – enduring belief in the attainment of a certain end state – “ends”. A moral compass These abstract ideals can result from Religion Philosophy Family teachings Instrumental values As the means to an
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to answer concerning business ethics in education. 1. To what extent can business education cause or prevent ethical infractions in business? Give arguments for and against. 2. Given the importance of situational factors in shaping ethical decision-making‚ what are the limitations posed by business ethics courses that focus on individual students? How would you design a course to focus primarily on situational issues? 3. What are the main factors encouraging business ethics education‚ and what
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Definition of Ethics: - * Ethics is a branch of Philosophy Concerned with the Study of what is Good and Bad. * We can also define Ethics as “Ethics are Set of Principles or Rules of Conduct used to help to distinguish between Right and Wrong.” Nature and Scope of Ethics: - * Normative Science deals with Judgments of Value and Positive Science deals with Judgments of Facts. * Ethics is a Normative Science. Its Principal Concern is with Human Conduct in respect of its Relation to
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December 6‚ 2012 MGMT 382 TTH10 Business Ethics Final Management in any given industry has to make ethical decisions. In an industry with recurring demand‚ it is the responsibility of management to balance the operations of the firm while making sure the company’s reputation is protected. When trying to figure out what is the most ethical decision‚ management will unavoidably impact all their employees’ lives. Nonetheless‚ an ethical decision must be made to satisfy the needs of the owner
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The different levels of government in the UK P1‚ M1‚ D1 Levels of government and their responsibilities European parliament The responsibility of this government is to draw up a legislation that will have an impact across the EU on certain issues such as The environment environmental policy and environmental protection measures‚ in particular areas concerning: air‚ soil and water pollution‚ waste management and recycling‚ dangerous substances and preparations‚ noise levels‚ climate change‚ protection
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BUSINESS ETHICS INTRODUCTION Ethics concerns an individual’s moral judgments about right and wrong [Lawrence Kohlberg; 1958]. In any business‚ individuals or groups make organizational decision; both are influenced by a company’s corporate culture. The decision to behave ethically in business is a moral one; decision makers must decide what they think is the right course of action. This may involve rejecting the route that would lead to the
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Running Head: Franciscan Values Franciscan Values Cardinal Stritch University Ethics and Social Responsibility for Business Leaders CMB 620 January 8‚ 2012 This paper will compare the Franciscan Values with Kohlberg’s Levels. Cardinal Stritch University is a Catholic Institution of higher education. Cardinal Stritch was found and is sponsored by congregation if the Sister of St. Francis of Assisi. The Franciscan Values are Creating a Caring Community‚ Showing Compassion‚ Reverencing
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happen to them. If Iverson had followed the practical steps of the WPH Framework for Business Ethics‚ he would not be in his current predicament. When making an ethical decision for the company‚ the managers should consider three groups outlined in the WPH Framework for Business Ethics: Who the decision will affect‚ what purpose the company is pursuing‚ and how the business will meet the action-oriented business behavior. When the local sewer authority refused to accept CH2O’s wastewater‚ Iverson
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investors. These include limited access to Government offices‚ cumbersome and multitude paperwork‚ lack of coordination between various departments processing the documentation‚ long waiting period for approvals‚ and above all ambiguous rules. However‚ with the economic reforms of early 1990s‚ the level of bureaucratic hurdles which the MNCs had to overcome‚ gradually reduced making it easier to do business. Corruption is another big hurdle when doing business in India. Areas like electricity supply
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Arguments For and Against Business Ethics Pros Ethics should be brought into a business for many reasons. Ethics govern most of our human activities and because business is a voluntary human activity‚ ethics should also govern businesses. Many businesses will collapse if ethics does not play a major role because many customers‚ employees and managers may come to think that it is acceptable for them to lie to‚ steal from or break arguments with the company. Studies have shown that ethical
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