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    Values & Ethics in

    Business

    Door to your Personality

    http://www.slideshare.net/humn

    abilal/business-ethics-lecture-2-

    3-12621969

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    Values

    Abstract ideals that shape an individuals

    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.

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    A moral compass

    These abstract ideals can result from

    Religion

    Philosophy

    Family teachings

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    Instrumental values

    As the means to an end they become

    the ingrained ways of behavior:

    Rituals

    Good habits

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    Terminal valuesWith the end always in sight:

    Heaven

    Respect

    Financial Success

    Personal Independence Power

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    Ethics

    The study ofmoral obligation

    involving the distinction between

    right and wrong.

    Business Ethics: right or wrong in

    the workplace value

    management.

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    Two Areas of BusinessEthics

    Moral mazesRIGHT vs. RIGHT

    Obvious mischief

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    Common Misconduct

    in Organizations Misrepresenting hours worked

    Employees lying to supervisors

    Management lying to employees,customers, vendors or the public

    Misuse of organizational assets

    Lying on reports/falsifying records

    Sexual harassment

    Stealing/theft

    Accepting or giving bribes or kickbacks

    Withholding needed information fromemployees, customers, vendors or public

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    Common Causes of

    Unethical Behavior

    Pressure

    Fear

    Greed

    Convenience

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    Causes of Unethical

    Behavior (contd) Following bosss directives

    Meeting overly aggressive

    business/financial objectives

    Helping the organization survive

    Meeting schedule pressures

    Be a team player (group think)

    Resisting competitive threats Advancing own career

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    Ethical Dilemmas

    Making decisions under stress or

    dealing with complex issues that

    have no clear indication of what isright or wrong.

    There are NO simple ethical dilemmas

    all have layers of meaning and effect.

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    1999 T.Y. LEE 12

    What is an ethicaldilemma? It is a Conflict

    between ... ones personal and professional values

    two values/ethical principles

    two possible actions each with reasonsstrongly favorable and unfavorable

    two unsatisfactory alternatives

    ones values/principles and onesperceived role

    the need to actand the need to

    reflect

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    1999 T.Y. LEE 13

    Can ethical dilemma be

    avoided?You can avoid ethical

    dilemmas! But...

    You cannotcompletelyavoid ethicaldilemmas!

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    1999 T.Y. LEE 14

    You can avoid ethical

    dilemmas! An Example Your placement is in a school, you should

    give prior thought to how you wouldrespond when a child reveals abuse orneglect.

    Find out how yourfield instructorwants

    you to handle these situations. What information does the school expect

    you will share with concerned teachers?

    The principal?

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    1999 T.Y. LEE 15

    You cannot completely

    avoid ethical dilemmas! It is best to prepare yourselffor

    them by examining your own values

    from time to time

    and learning all you can about: how past ethical problems in your

    placement settings were resolved.

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    The simple step of a simple

    courageous man is to not takepart in the lie, not to support

    deceit. Let the lie come into the

    world, even dominate the world,

    but not through me.

    -- Alexander Solzhenitsyn