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î Public¶s interest in business ethics increased
during the last four decades
î Public¶s interest in business ethics spurred by
the media

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î 9mployee-9mployer Relations
9mployee-
î 9mployer--9mployee Relations
9mployer
î Company--Customer Relations
Company
î Company--Shareholder Relations
Company
î Company--Community/Public Interest
Company
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î allup Poll finds that only 17 percent to 20


percent of the public thought the business
ethics of executives to be m  or 
î ×o understand public sentiment towards
business ethics, ask three questions
î Has business ethics really deteriorated?
î Are the media reporting ethical problems more
frequently and vigorously?
î Are practices that once were socially acceptable
no longer socially acceptable?
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Society¶s
9xpectations
of Business
9thics



  

Actual

   Business
9thics

1950s ×ime 9arly 2000s

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î 
 involves a discipline that examines
good or bad practices within the context of a
moral duty
î    
is behavior that is right or
wrong
î Ú  
 include practices and
behaviors that are good or bad

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î  
 
 involves describing,
characterizing and studying morality
î ³What is´
î - 
 
 involves supplying and
justifying moral systems
î ³What should be´

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î Conventional approach to business ethics
involves a comparison of a decision or practice
to prevailing societal norms

Decision or Practice Prevailing Norms


   
- 

Regions of
Ñellow Workers Ñellow Workers
Country

Ñamily Profession
 ©  
ë  
Ñriends 9mployer

×he Law Religious


Society at Large
Beliefs

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Behavior or act compared with


Prevailing norms
that has been
of acceptability
committed

Value judgments
and perceptions of
the observer

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 A style devoid of
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ethical principles and active opposition to
what is ethical.
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 Conforms to high
standards of ethical behavior.
]( ! #  

î Intentional - does not consider ethical factors


î Unintentional - casual or careless about ethical
considerations in business
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î Senior management
î 9thics training
î Self--analysis
Self

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+ 
î Religious values
î Philosophical values
î Cultural values
î Legal values
î Professional values
|
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î Respect for the authority structure
î Loyalty
î Conformity
î Performance
î Results

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Amoral Managers Moral Managers


Moral Imagination
Moral Identification
Moral Evaluation
Tolerance of Moral Disagreement
and Ambiguity
Integration of Managerial and Moral
Competence
A Senses of Moral Obligation
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