Business Ethics

1
Business Ethics

• For My Friends in BSAD 101
• By Thomas Hilton

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Trust

• Do you want to be trusted?
• Do you want to trust your associates?
• What happens to relationships as trust decreases?
  Increases?

3
Topics for Today

• Definitions
• Examples
• Assignment

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Definitions Ethics

• Rules of right and wrong behavior in a particular
  field

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Definitions Business Ethics

• Rules of right and wrong behavior in business
• Foundation of the trust essential for commerce
• Sometimes arbitrary Gaming Ethics
• Based on universal moral principles

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Definitions AACSB International
Association to Advance Collegiate Schools of
Business

• Accredits Virtually all Reputable US Business
  Schools, Including UWEC
• Aims to Educate Business Leaders
• Business and society are mutually
  interdependent Society depends on business for
  wealth creation while business depends on society
  for an environment wherein it can meet its
  obligation to create that wealth.
• business schools cannot be expected to assume
  total responsibility for ethical debacles in
  business Nonetheless, the time has come for
  business schoolsto renew and revitalize their
  commitment to the centrality of ethical
  responsibility at both the individual and
  corporate levels in preparing business leaders
  for the twenty-first century.
• Ethics Education in Business SchoolsReport of
  the Ethics Education Task Force to AACSB
  Internationals Board of Directorshttp//www.aac
  sb.edu/resource_centers/ethicsedu/eetf.asp

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Definitions AACSB Internationals Four Broad
Ethics Themes

• Responsibility of Business in Society
• Ethical Decision-Making
• Ethical Leadership
• Corporate Governance

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Definitions AACSB Core Business Ethics

• Produce Wealth for Society
• Distribute that Wealth Appropriately
• Enhance these Abilities for the Future

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Three Questions

• What is Wealth?
• Who is Society?
• What is Appropriate?

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CasesAnswer the Three Questions

• Hint Use the Systems View
• Mayo Health System
• Statz Construction
• Aldi International
• Accenture
• Harley Davidson, Inc.

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Personal Connections

• Professional Ethics
• Learn Them
• Use Them
• Influence Others to Use Them
• Support Ethical Management

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Conclusion

• The world runs on information systems
• People run information systems
• The people who run the information systems run
  the world
• Be careful not to break it

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Assignment

• Memo
• One-page Defending Your Opinion of Illegal Music
  File Trading
• Grading
• Content
• Organization
• Language mechanics
• Format
• Deadline
• Email it to me by the start of Wednesdays class