tailieunhanh - Lecture Business and society - Chapter 7: Business Ethics Fundamentals

Contents: The Public’s Opinion of Business Ethics; Business Ethics: Meaning, Types, Approaches; Ethics, Economics and Law - A Venn Model; Three Models of Management Ethics?; Making Moral Management Actionable; Developing Moral Judgment; Elements of Moral Judgment | © 2015 Cengage Learning Chapter 7 Business Ethics Fundamentals © 2015 Cengage Learning Learning Outcomes Describe how the public regards business ethics. Define business ethics and appreciate the complexities of making ethical judgments. Explain the conventional approach to business ethics. Differentiate it from the principles approach and ethical tests approach. Analyze economic, legal, and ethical aspects of a decision by using a Venn Model. Identify and explain three models of management ethics. Give examples of each. Describe and discuss Kohlberg’s three levels of developing moral judgment. Identify and discuss the elements of moral judgment. © 2015 Cengage Learning Chapter Outline The Public’s Opinion of Business Ethics Business Ethics: Meaning, Types, Approaches Ethics, Economics and Law - A Venn Model Three Models of Management Ethics? Making Moral Management Actionable Developing Moral Judgment Elements of Moral Judgment Summary © 2015 Cengage Learning Business | © 2015 Cengage Learning Chapter 7 Business Ethics Fundamentals © 2015 Cengage Learning Learning Outcomes Describe how the public regards business ethics. Define business ethics and appreciate the complexities of making ethical judgments. Explain the conventional approach to business ethics. Differentiate it from the principles approach and ethical tests approach. Analyze economic, legal, and ethical aspects of a decision by using a Venn Model. Identify and explain three models of management ethics. Give examples of each. Describe and discuss Kohlberg’s three levels of developing moral judgment. Identify and discuss the elements of moral judgment. © 2015 Cengage Learning Chapter Outline The Public’s Opinion of Business Ethics Business Ethics: Meaning, Types, Approaches Ethics, Economics and Law - A Venn Model Three Models of Management Ethics? Making Moral Management Actionable Developing Moral Judgment Elements of Moral Judgment Summary © 2015 Cengage Learning Business Ethics Scandals The public’s interest in business ethics is at an all-time high, spurred by scandals. The Enron scandal impacted business so greatly it is called “The Enron Effect.” But then followed more scandals: Worldcom, Tyco, Arthur Andersen And then the Wall Street financial scandals: AIG, Bear Stearns, Lehman Bros, Fannie Mae, Freddie Mac, and Bernie Madoff Business will never be the same. © 2015 Cengage Learning © 2015 Cengage Learning The Public’s Opinion of Business Ethics (1 of 2) The public’s view of business ethics has never been very high. Anecdotal evidence suggests that many people see business ethics as an oxymoron, and think that there’s only a fine line between a business executive and a crook. A Gallup poll taken in December, 2012, revealed that only 21 % of the public thought business executives had high or very high ethics. © 2015 Cengage Learning The Public’s Opinion of Business Ethics (2 of 2) National Business Ethics Survey Findings - Observed .