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Introduction to the Field and Goals of Financia... > Ethics: An Overview
Ethics: An Overview
• Defining Ethics
• Ethics Training
• Culture and Ethics
• The Manager's Role in Ethical Conduct
• Blurring Ethical Lines
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Introduction to the Field and Goals of Financia... > Ethics: An Overview
Defining Ethics
• Ethical behavior is based on written and unwritten codes of principles and values
held in society.
• Ethics reflect beliefs about what is right, what is wrong, what is just, what is
unjust, what is good, and what is bad in terms of human behavior.
• Ethical principles and values serve as a guide to behavior on a personal level,
within professions, and at the organizational level.
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Introduction to the Field and Goals of Financia... > Ethics: An Overview
Ethics Training
• There are four components of moral behavior: moral sensitivity, moral judgment,
moral motivation, and moral character.
• To make moral assessments, one must first know what an action is intended to
accomplish and what its possible consequences will be on others.
• Studies have uncovered four skill sets that play a decisive role in the exercise of
moral expertise: moral imagination, moral creativity, reasonableness, and
perseverance.
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Introduction to the Field and Goals of Financia... > Ethics: An Overview
Culture and Ethics
• Culture refers to the outlook, attitudes, values, goals, and practices shared by a
group, organization, or society.
• Interpretation of what is moral is influenced by cultural norms, and different
cultures can have different beliefs about what is right and wrong.
• According to the theory of cultural relativism, there is no singular truth on which to
base ethical or moral behavior, as our interpretations of truths are influenced by
our own culture.
Cultural map of the world
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Introduction to the Field and Goals of Financia... > Ethics: An Overview
The Manager's Role in Ethical Conduct
• Personal values provide an internal reference for what is good, beneficial,
important, useful, beautiful, desirable, and constructive.
• Personal values take on greater meaning in adulthood as they are meant to
influence how we carry out our responsibilities to others.
• To make ethical and moral choices, one needs to have a clear understanding of
one's personal values.
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Introduction to the Field and Goals of Financia... > Ethics: An Overview
Blurring Ethical Lines
• Identifying the ethical choice can be difficult, since many situations are ambiguous
and facts are subject to interpretation.
• In organizations, employees can look to the code of ethics or the statement of
values for guidance about how to handle ethical gray areas.
• Individual ethical judgement can be clouded by rationalizations to justify one's
actions.
This way to ethics
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Appendix
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Introduction to the Field and Goals of Financia...
Key terms
• behavior The way a living creature acts.
• business ethics The branch of ethics that examines questions of moral right and wrong arising in the context of business
practice or theory.
• ethics The study of principles relating to right and wrong conduct.
• ethics The study of principles relating to right and wrong conduct.
• ethnocentric Of the idea or belief that one's own culture is more important than, or superior to, other cultures.
• goodwill The ability of an individual or business to exert influence within a community, club, market, or another type of group,
without having to resort to the use of an asset (such as money or property).
• moral relativism Refers to any of several philosophical positions concerned with the differences in moral judgments among
different people and across different cultures.
• norms According to sociologists, social norms are the laws that govern society's behaviors.
• norms Rules or laws that govern a group's or a society's behaviors.
• norms According to sociologists, social norms are the laws that govern society's behaviors.
• value A standard by which an individual determines what is good or desirable; a measure of relative worth or importance.
• values A collection of guiding principles; what one deems to be correct, important, and desirable in life, especially regarding
personal conduct.
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Introduction to the Field and Goals of Financia...
Cultural map of the world
This diagram attempts to plot different countries by the importance of different types of values.
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Introduction to the Field and Goals of Financia...
This way to ethics
Ethical decisions are not always clear-cut.
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Flickr. "That Way | Flickr - Photo Sharing!." CC BY http://www.flickr.com/photos/justinbaeder/194066146/ View on Boundless.com
Introduction to the Field and Goals of Financia...
What are the three central components of business ethics?
A) Personal, professional and corporate.
B) Personal, managerial and organizational.
C) Moral, mission and strategy.
D) Practical, tangible and intangible.
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Introduction to the Field and Goals of Financia...
What are the three central components of business ethics?
A) Personal, professional and corporate.
B) Personal, managerial and organizational.
C) Moral, mission and strategy.
D) Practical, tangible and intangible.
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Introduction to the Field and Goals of Financia...
Which of the four central moral reasoning components refers to
the way in which persistence, despite fatigue or the temptation of
a simpler or easier path, reflects morality?
A) Moral character
B) Moral motivation
C) Moral judgment
D) Moral sensitivity
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Introduction to the Field and Goals of Financia...
Which of the four central moral reasoning components refers to
the way in which persistence, despite fatigue or the temptation of
a simpler or easier path, reflects morality?
A) Moral character
B) Moral motivation
C) Moral judgment
D) Moral sensitivity
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Introduction to the Field and Goals of Financia...
Moral ________ is best defined as an individual's ability to
achieve 'proportionality' relative to understanding the perspective
or viewpoints of others.
A) creativity
B) reasonableness
C) perseverance
D) imagination
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Introduction to the Field and Goals of Financia...
Moral ________ is best defined as an individual's ability to
achieve 'proportionality' relative to understanding the perspective
or viewpoints of others.
A) creativity
B) reasonableness
C) perseverance
D) imagination
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Introduction to the Field and Goals of Financia...
Cultural relativism, or the concept that there are different sets of
norms, values and ethics on the global level, is the antithesis of
_______.
A) morality
B) moral relativism
C) unethical behavior
D) universalism
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Introduction to the Field and Goals of Financia...
Cultural relativism, or the concept that there are different sets of
norms, values and ethics on the global level, is the antithesis of
_______.
A) morality
B) moral relativism
C) unethical behavior
D) universalism
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Introduction to the Field and Goals of Financia...
According to Shivam Sherman, which age group generally falls
into the socialization period?
A) 11-19
B) 0-7
C) 8-13
D) 13-21
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Introduction to the Field and Goals of Financia...
According to Shivam Sherman, which age group generally falls
into the socialization period?
A) 11-19
B) 0-7
C) 8-13
D) 13-21
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Introduction to the Field and Goals of Financia...
Large corporations often have the stigma of focusing on
________ instead of ________.
A) people; profits
B) ethics; strategy
C) strategy; ethics
D) profits; people
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Introduction to the Field and Goals of Financia...
Large corporations often have the stigma of focusing on
________ instead of ________.
A) people; profits
B) ethics; strategy
C) strategy; ethics
D) profits; people
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Introduction to the Field and Goals of Financia...
Robert Prentice hypothesizes that ________ can strongly
influence ethical decision making.
A) culture
B) strategy
C) personality
D) self-image
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Introduction to the Field and Goals of Financia...
Robert Prentice hypothesizes that ________ can strongly
influence ethical decision making.
A) culture
B) strategy
C) personality
D) self-image
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Introduction to the Field and Goals of Financia...
Attribution
• Wikipedia. "Value (personal and cultural)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Value_(personal_and_cultural)
• Wikipedia. "norms." CC BY-SA 3.0 http://en.wikipedia.org/wiki/norms
• Wiktionary. "value." CC BY-SA 3.0 http://en.wiktionary.org/wiki/value
• University of Texas. "Ethics in Business: Not Always an Easy Road, But Always the Right One | Texas Enterprise." CC BY-SA
http://www.texasenterprise.utexas.edu/article/ethics-business-not-always-easy-road-always-right-one
• Wiktionary. "business ethics." CC BY-SA 3.0 http://en.wiktionary.org/wiki/business+ethics
• Wikipedia. "norms." CC BY-SA 3.0 http://en.wikipedia.org/wiki/norms
• Wikipedia. "Business ethics." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Business_ethics
• University of Texas. "Prentice Examines Roots of Ethical Decision Making | Texas Enterprise." CC BY-SA
http://www.texasenterprise.utexas.edu/article/prentice-examines-roots-ethical-decision-making
• Wikibooks. "Introduction to Moral Reasoning/Why Study Moral Reasoning?." CC BY-SA 3.0
http://en.wikibooks.org/wiki/Introduction_to_Moral_Reasoning/Why_Study_Moral_Reasoning%253F
• Wikipedia. "Lawrence Kohlberg's stages of moral development." CC BY-SA 3.0
http://en.wikipedia.org/wiki/Lawrence_Kohlberg's_stages_of_moral_development
• Connexions. "Moral Exemplars in Business and Professional Ethics." CC BY 3.0 http://cnx.org/content/m14256/latest/
• Wikibooks. "Introduction to Moral Reasoning/What is Moral Reasoning?." CC BY-SA 3.0
http://en.wikibooks.org/wiki/Introduction_to_Moral_Reasoning/What_is_Moral_Reasoning%253F
• Wikipedia. "Moral reasoning." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Moral_reasoning
• Wiktionary. "goodwill." CC BY-SA 3.0 http://en.wiktionary.org/wiki/goodwill
• Wiktionary. "ethics." CC BY-SA 3.0 http://en.wiktionary.org/wiki/ethics
• Wikispaces. "Ethics in PR - Cultural Relativism." CC BY-SA http://ethicsinpr.wikispaces.com/Cultural+Relativism
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• Wiktionary. "ethnocentric." CC BY-SA 3.0 http://en.wiktionary.org/wiki/ethnocentric
Introduction to the Field and Goals of Financia...
• Wikipedia. "norms." CC BY-SA 3.0 http://en.wikipedia.org/wiki/norms
• Wikipedia. "Value (personal and cultural)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Value_(personal_and_cultural)
• Wikipedia. "moral relativism." CC BY-SA 3.0 http://en.wikipedia.org/wiki/moral%20relativism
• Wikispaces. "Ethics in PR - Cultural norms." CC BY http://ethicsinpr.wikispaces.com/Cultural+norms
• Wikipedia. "Culture." CC BY-SA 3.0 http://simple.wikipedia.org/wiki/Culture
• Wikispaces. "ccit333 - Ethics and Design." CC BY-SA http://ccit333.wikispaces.com/Ethics+and+Design
• Wikibooks. "Introduction to Philosophy/What is Ethics." CC BY-SA 3.0
http://en.wikibooks.org/wiki/Introduction_to_Philosophy/What_is_Ethics
• Wikipedia. "Normative ethics." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Normative_ethics
• Wikipedia. "Meta-ethics." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Meta-ethics
• Wikipedia. "Ethics." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Ethics
• Wikipedia. "Applied ethics." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Applied_ethics
• Wiktionary. "values." CC BY-SA 3.0 http://en.wiktionary.org/wiki/values
• Wiktionary. "behavior." CC BY-SA 3.0 http://en.wiktionary.org/wiki/behavior
• Wiktionary. "ethics." CC BY-SA 3.0 http://en.wiktionary.org/wiki/ethics
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