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FB2300 Management Managerial Ethics

This comprehensive overview examines managerial ethics and the beliefs that shape business practices. It addresses key ethical views such as utilitarianism and rights ethics, while highlighting factors affecting ethical behavior, including moral development stages and organizational culture. The text emphasizes the importance of core values like integrity, respect, and fairness, providing case studies that prompt discussion on ethical dilemmas. Strategies for improving ethical behavior, such as ethics training and leadership practices, are also explored, inviting reflection on individual responsibilities within organizations.

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FB2300 Management Managerial Ethics

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  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.

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