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Kenneth Lay

Kenneth Lay. Sherron S. Watkins. Presented by. Liang K. Chen. Bur cu Kapadikligil. David Oehl. BUSINESS ETHICS TODAY. IDS 705. Summer 2002. Overview. Legal vs. Ethical Standards Recognizing and Evaluating Case Examples. Ethical vs. Legal.

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Kenneth Lay

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  1. Kenneth Lay

  2. Sherron S. Watkins

  3. Presented by Liang K. Chen Burcu Kapadikligil David Oehl BUSINESSETHICS TODAY IDS 705 Summer 2002

  4. Overview Legal vs. Ethical Standards Recognizing and Evaluating Case Examples

  5. Ethical vs. Legal Ethics means treating all stakeholders with respect – not just stockholders.

  6. Balance Between Stakeholders & Shareholders Johnson & Johnson Credo Competent Management Responsibility to Community Citizenship

  7. RecognizingEthical Dilemmas Clear Duties Fairness: “Deontology” Vs. “Justice Theory”

  8. Major Ethics Theories Deontology Treat everybody equally Utilitarianism Greatest good for greatest number of people Justice Treat equals equally and unequals unequally

  9. RecognizingEthical Dilemmas Clear Duties Fairness: “Deontology” Vs. “Justice Theory” Competing Claims

  10. RecognizingEthical Dilemmas Four Categories: Ethical and Legal Ethical but Not Legal Not Ethical but Legal Not Ethical and Not Legal

  11. Analyzing Ethical Dilemmas The Secret Test The TV Test The Market Test The MOM Test!

  12. Tyco International, Ltd. Dennis Kozlowski

  13. Utilitarianism: Greatest Good? Deontology: Same Rules for Everyone? MOM?

  14. Conclusion Recognize Ethical Dilemmas Evaluate Ethical Dilemmas Don’t Go It Alone! THANK YOU!

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