Background
Saturday
February
13, 2021
Background
Business Ethics
Today’s Agenda 2/13
1. Do Now: Question
2. Business Ethics
3. Group Work
4. Exit Ticket
DO NOW
On the jamboard, answer the
question “What are ethics?”
ACCOUNTING
Homework:
No homework
Learning Target
I can explain the need for a
code of ethics in accounting
and ethical responsibilities
required of accountants
Do Now:
What are Ethics?
Click on the scales above to access
our jamboard.
Background
What are ethics?
Ethics:
The principles of right and wrong
that guide an individual in making
decisions.
Business Ethics:
The use of ethics in making
business decisions
Three Ethical Frameworks for
Decision Making
The Blanchard-Peale Framework
Markkula Center Framework
The Issue-Contingent Model of
Ethical Decision Making
Three Ethical Frameworks for
Decision Making
The Blanchard-Peale Framework
● One of the best-known ethical
frameworks is also one of the simplest
● Three Questions
○ Is it legal?
○ Is it fair?
○ How does it make me feel?
Three Ethical Frameworks for
Decision Making
Markkula Center Framework
● 5 Dimensions of decision making
○ Utilitarianism- Greater good
○ Rights approach- Preserve dignity
○ Fairness- Justice- All equal
○ Common good approach- Laws
○ Virtue approach- Compassion and Honesty
Three Ethical Frameworks for
Decision Making
Markkula Center Framework
1.
2.
3.
4.
5.
Recognize that there is an ethical choice
Get all the facts
Evaluate the alternatives
Make your decision
Act on your decision
Once you have completed, ask yourself,
“What have I learned from this experience?”
This reflection will help you make ethical
decisions in the future.
Three Ethical Frameworks for
Decision Making
The Issue-Contingent Model of Ethical
Decision Making- Thomas Jones
● Introduced moral intensity and basing
his research on social psychology.
● Decision are made up of:
○ magnitude of consequences,
social consensus
○ probability of effect
○ temporal immediacy
○ concentration of effect.
● Basically, not all decision are the same
5 Steps to Ethical Decisions
1.
2.
3.
4.
Identify the dilemma
Discover the alternative actions
Decide who might be affected.
List the probable effects of the
alternatives
5. Select the best alternative.
Example
Julie is an administrative secretary in a
Human Resources Department. Her good
friend, Ryan, is applying for a job with the
company and she has agreed to serve as
a reference for him. Ryan approaches her
for advice on preparing for the interview.
Julie has the actual interview questions
asked of all interviewees and considers
making him a copy of the list so he can
adequately prepare.
What is her dilemma?
Group Work
Expectations:
-Join the group assigned
-Vent about group work
-
Open the document titled
2/13 Group Work: 5 Steps to Ethical
Decision Making
Assignment:
- Read through the three situations and
describe how you would handle these
situations using the 5 steps to ethical
decision making.
Group Work
Group 1
Anthony
Robert
Sarina
Group 4
Natalie
Tim
Emily
Group 2
Jason
Geri
Radha
Group 5
Amy
Rafi
Linda
Group 3
Kimberly
Dawn
Nick
Group 6
Gina
John
Brendan
To Summarize…
I can explain the need for a
code of ethics in accounting
and ethical responsibilities
required of accountants.