Presented by Liang K. Chen Burcu Kapadikligil David Oehl BUSINESSETHICS TODAY IDS 705 Summer 2002
Overview Legal vs. Ethical Standards Recognizing and Evaluating Case Examples
Ethical vs. Legal Ethics means treating all stakeholders with respect – not just stockholders.
Balance Between Stakeholders & Shareholders Johnson & Johnson Credo Competent Management Responsibility to Community Citizenship
RecognizingEthical Dilemmas Clear Duties Fairness: “Deontology” Vs. “Justice Theory”
Major Ethics Theories Deontology Treat everybody equally Utilitarianism Greatest good for greatest number of people Justice Treat equals equally and unequals unequally
RecognizingEthical Dilemmas Clear Duties Fairness: “Deontology” Vs. “Justice Theory” Competing Claims
RecognizingEthical Dilemmas Four Categories: Ethical and Legal Ethical but Not Legal Not Ethical but Legal Not Ethical and Not Legal
Analyzing Ethical Dilemmas The Secret Test The TV Test The Market Test The MOM Test!
Tyco International, Ltd. Dennis Kozlowski
Utilitarianism: Greatest Good? Deontology: Same Rules for Everyone? MOM?
Conclusion Recognize Ethical Dilemmas Evaluate Ethical Dilemmas Don’t Go It Alone! THANK YOU!