Ethics: The Fabric of
Business
A DVD and Discussion Guide
presented by the
Video Overview
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SHRM Foundation’s 4th DVD
Filmed at Lockheed Martin Headquarters
Featuring Wayne Cascio
Comprehensive Interviews
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Officers, Managers, and Employees
Video Synopsis
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Introduction
Ethical Violations
Company Overview
Lead by Example
Walk the Talk
Good Ethics is
Good Business
Role of HR
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Business Information
Advice for CEOs
Advice for Small Firms
Issues and Solutions
Performance Reviews
Conclusion
Five Important Lessons
Lockheed Martin Overview
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Global Operations
135,000 Employees
5 Business Areas
Aeronautics
 Space Systems
 Electronic Systems
 Information and Technology Services
 Integrated Systems and Solutions
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Ethics at Lockheed Martin
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Foundation
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Far Reaching
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All levels of the Organization
Training
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Corporate Vision and Values
Awareness, Business Conduct, Code of Ethics
Accountability
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Ethics HelpLine, Department, Committee
5 Important Lessons
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Buy-in from top management
Delivery of consistent message
Repetition through internal communication
Annual training for everyone
Ethics component in performance reviews
Why is management buy-in
critical to building an ethical
organization?
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Consistency
Demonstration
Emulation
How can organizational
communication build an
ethical foundation?
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Management demonstration
Internal accountability controls
Communication mediums
What are some important
aspects of an effective Ethics
Reporting System?
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Familiarity and Accessibility
Security
Resolution
What role does training
play in fostering
organizational ethics?
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Increases awareness
Communicates expectations
Transfers skills and behaviors
What are the benefits of
linking performance to
ethical standards?
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Diagnosis
Accountability
Method
How do ethical companies
start down the road to
becoming unethical?
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Management
Culture
Employees
What is HR’s contribution to
the ethical framework of an
organization?
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Decision-making process
Policies and procedures
Positive work environment
How does the culture of an
organization impact its
ethical behavior?
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Defines values
Models integrity
Creates buy-in
How does employee
empowerment foster ethical
decision-making?
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Trust
Psychological contracts
Unbiased experts
What are the ethical
challenges in managing a
global workforce?
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Adaptation
Local Practices
Accountability
HRCI Certifications
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PHR
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SPHR
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Operations/Technical Generalist
Strategic/Policy Generalist
GPHR
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International Generalist
SHRM
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Founded in 1948
200,000 members
Resources
SHRM website
 HR Magazine
 White papers
 Research surveys
 SHRM Information Center
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Presented by the
SHRM Foundation
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501(c)(3)
Founded in 1966
Educational initiatives
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Books, videos, DVDs, and scholarships
Funding of HR research projects
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>85% - published book, article, presentation