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Chapter Outline
Business Ethics and Public Opinion What Does Business Ethics Mean? Ethics, Economics and Law: Venn Model Four Important Ethics Questions Three Models of Management Ethics Making Moral Management Actionable Developing Moral Judgment Elements of Moral Judgment Summary
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Introduction
Business Ethics Publics interest in business ethics increased during the last four decades Publics interest in business ethics spurred by the media
Introduction
Inventory of Ethical Issues in Business Employee-Employer Relations Employer-Employee Relations Company-Customer Relations Company-Shareholder Relations Company-Community/Public Interest
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Ethical Problem
1950s
Time
Early 2000s
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Decision or Practice
Prevailing Norms
Regions of Country
Family
Profession
The Individual
Conscience Friends Employer
The Law
Religious Beliefs
Society at Large
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Ethics
Law
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6-14
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15
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6-18
6-19
6-20
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6-22
6-23
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Moral Imagination Moral Identification Moral Evaluation Tolerance of Moral Disagreement and Ambiguity Integration of Managerial and Moral Competence A Senses of Moral Obligation
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MORAL IMAGINATION
This term refers to the ability of a person to recognize that business, moral or ethical relationships do not exist independent of one another but instead are intertwined. A person with moral imaginations is sensitive to ethical issues as he makes business decisions and thinks of the subtle or unforeseen ways people may be hurt by specific decisions. Those with moral imagination see past the bottom-line mentality and recognize that everyday choices have moral and ethical implications
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MORAL EVALUATION
The third element of moral judgment is moral evaluation or using analytical skills to reason out practical decisions. Those competent in moral evaluation use consistency and coherence in their ethical decision making develop systems for making moral decisions and understand and identify moral and economic results of decisions. These people have foresight and make decisions based on a concern for others as well as the goals of the organization.
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Most ethical scandals that organizations have are created as the result of economic decisions. Leaders need to recognize that there are business and economic consequences of ethical decisions, and moral competence is an integral part of managerial or leadership competence. Leaders who understand this element can foresee ethical problems and lead ethical decision making.
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MORAL OBLIGATION
This element is foundational to all the other elements. The person with moral obligation feels a necessity or urgency to act with a concern for justice, due process and fairness to all peoples, groups and communities. This sense of integrity or moral urgency is the motivating force to making moral judgments and implementing ethical decisions.
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