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  • Building Foundations with Ethics and Strategy

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    lms12884
    147 tayangan9 halaman
    This document discusses the importance of business ethics when building a company. It argues that both strategy and ethics are equally important, as strategy focused solely on profits can ignore moral aspects, while ethics focused solely on doing right can see issues as black and white. It also discusses how framing decisions in a moral versus managerial frame can influence choices, and how business ethics education and training can help employees recognize ethical issues and make ethical choices that are good for business long-term. Monitoring management through measures like triple bottom line and employee surveys can also help ensure ethics are followed.

    Deskripsi Asli:

    Tips on Ethics in business

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    Ethics in Business Management powerpoint slides.pptx

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    This document discusses the importance of business ethics when building a company. It argues that both strategy and ethics are equally important, as strategy focused solely on profits can ignore moral aspects, while ethics focused solely on doing right can see issues as black and white. It also discusses how framing decisions in a moral versus managerial frame can influence choices, and how business ethics education and training can help employees recognize ethical issues and make ethical choices that are good for business long-term. Monitoring management through measures like triple bottom line and employee surveys can also help ensure ethics are followed.

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    Attribution Non-Commercial (BY-NC)
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    147 tayangan9 halaman

    Building Foundations with Ethics and Strategy

    Diunggah oleh

    lms12884
    This document discusses the importance of business ethics when building a company. It argues that both strategy and ethics are equally important, as strategy focused solely on profits can ignore moral aspects, while ethics focused solely on doing right can see issues as black and white. It also discusses how framing decisions in a moral versus managerial frame can influence choices, and how business ethics education and training can help employees recognize ethical issues and make ethical choices that are good for business long-term. Monitoring management through measures like triple bottom line and employee surveys can also help ensure ethics are followed.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 9

    By Christopher J.

    Ackerman

    Introduction
    When building the foundations for a company, ethics

    play a huge role in BOTH


    Where the company will go. How it plans to get there.

    When building the business, one must use an effective blend of strategy and ethics. Both are equally important.
    Strategy -Focus purely on economics, profits. -Easy to ignore moral aspects of decisions. Ethics -Focus purely on doing right thing. -See everything as right or wrong (black or white).
    (Elms et. al., 2010)

    Frame of Decisions
    When dealing with decisions, the frame it is brought

    to them in could determine choice made.


    If presented in moral frame, makes it easier to do the

    right thing.
    If presented in managerial frame, right choice

    tougher to recognize.
    (Awasthi, 2008)

    Taking Business Ethics Classes


    The more educated individuals are, the better they will

    be able to recognize ethical issues that they come in contact with.


    Classes teach following ideals: Teach ethical theories and stress remembering your stakeholders. Teaches that good ethics is good business. Teaches making ethical choices, even if it isnt the most profitable choice.
    (Aswasthi, 2008)

    Providing Ethical Training


    Creates appreciation knowing management stresses

    ethics.
    Employees will carry taught ethics into the

    performances of their job.


    This will provide for a proficient and pleasant working

    environment.
    (Valentine, 2009)

    Monitoring Management
    Triple Bottom Line Measures effectiveness of businesses by 3 criteria:

    Satisfying stockholders profit. Satisfying employees and community. Responsibility to the planet. (Briginshaw, 2009)

    Conduct Employee Surveys


    Questionnaires

    (Vo, 2008)

    Conclusion
    Companys ethics have a huge impact on where

    company goes.
    Companies doing things the right way are rewarded in

    the long run.


    Companies trying to cut corners and perform

    unethically will be recognized for what they are. Inevitably, they will usually fail.

    References
    Awasthi, V. N., (2008, March). Managerial decision-making on moral issues and the effect of teaching ethics. Journal of Business Ethics, 78(1-2), 207-223, (doi:10.1007/s10551-006- 9328-6). Retrieved from ABI Inform database. Briginshaw, J. (2009, Fall). Addressing possible conflicts of ethical management. Interbeing, 3(2), 1-4. Retrieved from ABI Inform database. Elms, H., Brammer, S., Harris, J. D., & Phillips, R. A. (2010, July). New directions in strategic management and business ethics. Business Ethics Quarterly, 20(3), 401-425. Retrieved from Business Source Premier database. Valentine, S. (2009, Summer). Ethics training, ethical context, and sales and marketing professionals satisfaction with supervisors and coworkers. Journal of Personal Selling & Sales Management, 29(3), 227-242. Retrieved from Business Source Premier database. Vo, T. T. (2008, Fall). Rating management behavior and ethics: a proposal to upgrade the corporate governance rating criteria. Journal of Corporation Law, 34,(1), 1-41. Retrieved from Business Source Premier database.

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