Managing Ethics and Social Responsibility

Managing Ethics and Social Responsibility

Week 7

Copyright ©2013 by South-Western, a division of Cengage Learning. All rights reserved.

Lecture Outline

• Managing Ethics• What is Managerial Ethics?• Ethical Dilemmas• Criteria for Ethical Decision Making• Three Levels of Personal Moral Development

• Social Responsibility• What is Corporate Social Responsibility?• Evaluating Corporate Social Responsibility• Sustainability


What is Managerial Ethics?

• Ethics - code of moral principles and values that govern the behaviors of right or wrong– Standards about good/bad

• People in organizations have divergent views about right/wrong- complex


Three Domains of Human Action


Ethical Management Today• 55% of survey respondents think that cheating in

business is more common than 10 years ago• More businesses are being associated with greed,

deceit, and irresponsibility• Managers are responsible for setting an ethical

climate and act as models• Executive compensation has become a hot issue

related to ethical management• What about Ghana?


Discussion Question

• Do you believe it is ethical for organizational managers to try to get access to and scrutinize Facebook pages of employees or job applicants?


Examples of Unethical and Illegal Organizational Behavior


Ethical Dilemmas

What potential ethical dilemmas do anticipate to encounter in the work place after graduation?What ethical dilemmas do you face as students?


Criteria for Ethical Decision Making

• Utilitarian Approach – Example

• Individualism Approach : egoism– Example

• Moral-Rights Approach : the right of free speech, the right to due process, and the right to life and safety, no one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment.

– Example• Justice Approach: Distributive & procedural– Example


Virtue Ethics and Practical Approaches

• Virtue ethics approach: moral behavior stems from personal virtues

• Practical approach: prevailing standards of the profession, larger society and stakeholder interests


Factors that shape managers’ ethical decision making

• Personality• Personal needs• Family influence• Religion• Organizational values• Organizational culture


Three Levels of Personal Moral Development


What is Corporate Social Responsibility?

• Distinguishing right from wrong; doing right• Good corporate citizenship• Make choices that contribute to society as well as

the organization• Organizational Stakeholders –?


Major Stakeholders Relevant to Monsanto Company


Sustainability

Sustainability – economic development that generates wealth and meets the needs of current population while preserving the

environment for the needs of future generations


Evaluating Corporate Social Responsibility


Managing Company Ethics and Social Responsibility

Code of Ethics

Ethical Structures

Whistle-blowing


Building an Ethical Organization


The Business Case for Ethics and Social Responsibility

• Ethics and social responsibility is an important business issue

• Stakeholders are pushing more initiatives and issues

• The connection between ethics and financial performance has been widely debated

• What do you THINK?


Some questions to consider• Identify important stakeholders for an organization and discuss

how managers balance the interests of various stakeholders.

• A noted business executive said, “A company’s first obligation is to be profitable. Unprofitable enterprises can’t afford to be socially responsible.” Discuss why you agree or disagree with this statement.

– THANK YOU, Any Questions?

Date post:	25-Feb-2016
Category:	Documents
Upload:	dung
View:	226 times
Download:	0 times

Managing Ethics and Social Responsibility

Documents