Ethics :
Ethics Comes from Greek word “ethos” meaning character or custom
Focus is on character or what it means to be a good person
Social rules that govern and limit our conduct
Morality is the science of right and wrong
Morality-a person’s or group’s standards of right/wrong, good/bad
Business and Organizational Ethics :
Business and Organizational Ethics Business Ethics is the study of right/wrong, good/bad regarding human conduct in a business context
Business-any organization which provides goods or services for profit
Deontological or Nonconsequential approaches look for a guiding principle to help determine right and wrong
Teleological or consequential approaches ask whether an action or process will result in good or bad consequences or ends
Personal Vs. Business Ethics :
Personal Vs. Business Ethics The only business ethic is to make as much profit as possible
In business you do whatever you have to do to survive
Our Claim-There is a direct relationship between personal and business ethics
Giving serious thought and study to ethics prepares people for making better moral decisions in an organizational setting than those who have not
“It’s Good Business,” Robert Solomon :
“It’s Good Business,” Robert Solomon Unethical thinking isn’t just bad business, it is an invitation to disaster.
Ethical errors end careers more quickly than any other mistake in judgment or accounting.
Ethics provides the broader framework within which business life must be understood. “Business is part of life.”
Nothing is more dangerous to business than a tarnished public image.