FB2300 Management

Managerial Ethics

Jenny Lee

Circle the number between 1 to 5 that best represents your own beliefs about business:

StrongStrongly

DisagreeAgree

1. Financial gain is all that counts in Business 1 2 3 4 5

2. The business world has its own rules 1 2 3 4 5

3. Business is like a game – on plays to win 1 2 3 4 5

4. Competition forces business managers to resort to

shady practices 1 2 3 4 5

Four views of Ethics

- Utilitarian view of ethics

- Rights view of ethics

- Theory of justice view of ethics

- Integrative social contracts theory

Factors that affect Managerial Ethics

- Stage of Moral Development

. Preconventional

. Conventional

. Principles

- Individual characteristics

- Structural variables

- Organization’s culture

- Issue Intensity

Toward Improving Ethical Behavior

Employee Selection

Codes of Ethics and Decision Rules

Top Management’s Leadership

Ethics Training

Independent Social Audits

Formal Protective Mechanisms

Faculty of Business : 5 core values

IntegrityResponsibility

FairnessRespect

compassion

Case Studies on managerial ethics:

1. “Blow the whistle”

Focus on how the students should take up the responsibilities on to maintain the integrity and fairness of the organization.

2. Is it right or wrong to tell a lie?

Focus on how the students should respect and be compassion with the employees in the organization.