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Understanding Ethics: Mcgraw-Hill

Business Ethics Notes

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Jameson Khoo
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123 views14 pages

Understanding Ethics: Mcgraw-Hill

Business Ethics Notes

Uploaded by

Jameson Khoo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Chapter 1

Understanding
Ethics

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McGraw-Hill Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 1

Understanding Ethics

1-2
Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
“Ethics is about how we meet the challenge
of doing the right thing when that will cost
more than we want to pay”

The Josephson Institute of Ethics

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
What is Ethics?

How people try to live their lives


according to a standard of “right” or
“wrong” behaviors -- in both how we
think and behave toward others and how
we would like them to think and behave
toward us.

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Understanding Right and Wrong
• Developing your own ‘Moral Compass’
• How Should I live?
• The Value of a Value – intrinsic;
instrumental
• Value Conflicts
• Doing The Right Thing
• The Golden Rule – Do unto others as you
would have them do unto you
1-5
Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Theories
• Virtue Ethics
• Utilitarianism (Ethics for the Greater
Good)
• Universal Ethics

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Relativism

Where the traditions of your society,


your personal opinions, and the
circumstances of the present moment
define your ethical principles.

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Dilemmas

Where the decision you must make requires you to


make a ‘right’ choice knowing full well that you are:
– Leaving an equally ‘right’ choice undone.
– Likely to suffer something bad as a result of that choice.
– Contradicting a personal ethical principle in making that
choice.
– Abandoning an ethical value of your community or society
in making that choice.

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Resolving Ethical Dilemmas - I

• Step One: Analyze the consequences.


• Step Two: Analyze the actions.
• Step Three: Make a decision.

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Resolving Ethical Dilemmas - II
• What are the facts?
• What can you guess about the facts you don’t know?
• What do the facts mean?
• What does the problem look like through the eyes of the people
involved?
• What will happen if you choose one thing rather than another?
• What do your feelings tell you?
• What will you think of yourself if you decide one thing or another?
• Can you explain and justify your decision to others?

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Reasoning

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Reasoning

Kohlberg’s Stages of Moral Development:

Level 1: Pre-Conventional:

Stage 1: Punishment & Obedience Orientation


Stage 2: Individualism, Instrumentalism, & Exchange

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Reasoning

Kohlberg’s Stages of Moral Development:

Level 2: Conventional:

Stage 3: “Good Boy-Nice Girl” Orientation


Stage 4: Law & Order Orientation

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.
Ethical Reasoning

Kohlberg’s Stages of Moral Development:

Level 3: Post-Conventional:

Stage 5: Social-Contract Legalistic Orientation


Stage 6: Universal Ethical Principle Orientation

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Copyright © 2012 The McGraw-Hill Companies, Inc. All rights reserved.

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