CHAPTER OPENING PROFILE
WomenVenture (Text pages 108-109)
The opening chapter profile features Tené Wells, president of WomenVenture, a nonprofit organization that was founded on social responsibility and continued to thrive based on it. The goal of the organization is to teach women of all ages and levels of education and income how to thrive economically.
Tené is herself a graduate of one of the organization’s programs. She came to WomenVenture to get help
creating a resume for a better job. After a 20-year career at Honeywell and Medtronic, she became president of the group that helped launch her.
LECTURE OUTLINE
LECTURE NOTES
I. ETHICS IN BUSINESS
A. Recent scandals at WorldCom, Tyco, and
ImClone have focused attention on the
subject of ethics.
1. What can be done to restore trust in
the free-market system?
2. Those that have broken the law need
to be punished accordingly.
3. Also helpful: New laws making accounting records more transparent and
more laws making businesspeople
more accountable.
B. The American public has deep concerns
about the honesty of businesspeople.
C. Congress has passed new laws intended
to make business more responsive to ethical concerns.
POWERPOINT 4-1
Chapter Title
(Refers to text page 108)
POWERPOINT 4-2
Learning Objectives
(Refers to text page 109)
CRITICAL THINKING
EXERCISE 4-1
Ethical Dilemmas
This exercise presents ten
examples of ethical dilemmas for students to evaluate.
(See complete exercise on
page 4.Error! Bookmark
not defined. of this manual.)
II. ETHICS DEFINED
►
LEARNING OBJECTIVE 1
Define ethics. (Text page 110)
A. ETHICS refers to the standards of moral
behavior; that is, behavior that is accepted
by society as right vs. wrong.
1. Many Americans have few moral absolutes and make decisions situationally.
4.1
POWERPOINT 4-3
Ethics Defined (Refers to
text pages 110-113)
TEXT REFERENCE
Real World Business Apps
(Box in text on page 111)
LECTURE OUTLINE
2.
LECTURE NOTES
However, a general agreement exists
in society as to what is right and
wrong.
3. Religion and culture are usually our
sources of ethics, but these two factors vary among people.
B. Even in today’s diverse culture, there are
still common standards of ethical behavior.
1. Integrity, respect for human life, selfcontrol, honesty, courage, and selfsacrifice are right.
2. Cheating, cowardice, and cruelty are
wrong.
3. All major religions support a version of
the golden rule.
C. Ethics is not the same thing as the law.
1. An action for which you could be fined
or imprisoned is ILLEGAL.
2. Usually something that is illegal is also
unethical, but something unethical
doesn’t have to be illegal.
3. Ethical standards are “right-vs.-wrong”
behavior according to society.
4. Determining the right ethical course
can be difficult.
4.2
Marge Green is a human
resource assistant at a medium-size insurance company.
Her boss has just asked her to
develop an ethics standards
program for the company.
She begins by doing some
basic research on ethics, including concepts covered in
this chapter.
CRITICAL THINKING
EXERCISE 4-2
Ethics in the Workplace
This exercise presents four
situations involving workplace ethics. Student are
asked to identify their immediate reaction. (See complete
exercise on page 4.Error!
Bookmark not defined. of
this manual.)
TEXT REFERENCE
Ethical Challenge: Ethical
Culture Crash
(Box in text on pages 112113)
Motorola proudly proclaims
that it is dedicated to “uncompromising integrity.”
However, when operating in
other countries, cultural
norms are often very different.
INTRODUCTION TO BUSINESS: Instructor’s Resource Manual