FB2300 Management Managerial Ethics

1. FB2300 ManagementManagerial Ethics Jenny Lee

2. Circle the number between 1 to 5 that best represents your own beliefs about business: • Strong Strongly • Disagree Agree • Financial gain is all that counts in Business 1 2 3 4 5 • The business world has its own rules 1 2 3 4 5 • Business is like a game – on plays to win 1 2 3 4 5 • Competition forces business managers to resort to • shady practices 1 2 3 4 5

3. Four views of Ethics • Utilitarian view of ethics • Rights view of ethics • Theory of justice view of ethics • Integrative social contracts theory

4. Factors that affect Managerial Ethics • Stage of Moral Development • . Preconventional • . Conventional • . Principles • Individual characteristics • Structural variables • Organization’s culture • Issue Intensity

5. Toward Improving Ethical Behavior Employee Selection Codes of Ethics and Decision Rules Top Management’s Leadership Ethics Training Independent Social Audits Formal Protective Mechanisms

6. Faculty of Business : 5 core values Integrity Responsibility Fairness Respect compassion

7. 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. • 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.