ETHICS

• Key areas of business objectives most in need attention

  Marketing, Innovation, Resources, Productivity, Social responsibilities, profit objectives
• Lesson 2 = the purpose of establishing business enterprises
• True marketing starts with the customer, not with the product
• Accountability- refers to the acceptance of responsibility for honest and ethical conduct towards others
• Fairness- it is the quality of making judgements that are free from discrimination
• Transparency- It is the process of being open, honest, and straightforward about various company operations
• Technical skills- in compass the ability to apply specialized knowledge or expertise
• Human skills- are the ability to understand, communicate with, motivate, and support other people, both individually and in groups which defines human skills
• Conceptual skills- are the skills in the mental ability that managers must have to analyze and diagnose complex situations
• Responsibility- Part of the responsibility of the worker is to be trustworthy
• Women in organization- Women continue to be appointed to an organization through their personal relationships as well as track records and appropriate expertise
• Lesson 4- common practices in business organization
• Ethics- refers to the moral principles that govern how humans conduct themselves at work and outside
• Business Ethics- also known as corporate ethics, refers specifically to companies and professions
• Ethics covers the following dilemmas

  1. individual rights 2. Our responsibilities 3. Moral decisions 4. The language of what is right and wrong
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  Meta-Ethics - this examines the the nature of moral judgement.
• Normative Ethics- this is study of ethical actions; it looks at the content of moral judgements and the criteria of what is right and wrong
• Descriptive Ethics- looks at what motivates pro-social behavior, how people reason about ethical issues
• Honesty- an ethical director, manager or executive must be honest and truthful in all his or her dealings
• Integrity- ethical executives demonstrate the courage of their convictions and demonstrates personal integrity by doing what they believe
• Trustworthy and promise keeper: they are worthy of trust
• Loyalty- they are loyal to individuals and institutions by support and devotion to duty and friendship in adversity
• Compassion and Empathy- ethical executives are compassionate, empathetic, benevolent, kind and caring.
• Respect- they demonstrate total respect for the human rights, dignity, autonomy, interests, and privacy of everybody who is affected by their decisions
• Law abiding- they respect and abide by the laws, regulations and rules of the marketplace
• Committed to excellence- they aim to perform their duties to the best of their abilities
• Leadership- they aim to be positive ethical role models
• Reputation and morale- they aim to build and maintain the company's good reputation as well as the morale of its workforce
• accountabilty- they accept personal accountability for the ethical quality of their decisions
• philia- love
• sophia- wisdom
• philosophy- is the love of wisdom
• philosophy- is the study of the fundamental nature of knowledge, reality, and existence
• three branches of philosophy- metaphysics, ontology, cosmology
• metaphysics- concerned with reality and existence
• ontology- deals with the nature of existence
• cossmology- which it infects the origin and organization of the universe
• Epistemology- raises the questions about the nature of knowledge
• Deductive reasoning- moving from general to specific
• Inductive reasoning- moves from specific facts to generalization