1. Why Study Ethics? Management 117
Joseph Desjardins Author “Business Ethics”
Jerry Estenson, Professor

2. Why? Need to be prepared for careers in business
Many have been harmed by lack of attention to ethics
Law requires it
Lack of knowledge creates risks in the marketplace

3. Foundation of a strong strategy
Objectives
Goals
Mission
Vision
Beliefs
Values
Purpose

4. The Legacy Thing Collins and Porras
CORE IDEOLOGY
CORE VALUES
Organization’s essential and enduring tenets - a small set of guiding principles. Not compromised for financial or individual political gain.
PURPOSE
Fundamental reason for existence - A perpetual guiding star on the horizon.
Use the scenario where an individual is an intellectual worker in California. There income is 100% mobile as is their work location. Make the case on why they should stay in California and pay the extra 1% tax.

5. Determining if a “Value” is Ethical
Serves the end of human well-being
Happiness, integrity, meaning, freedom, autonomy, companionship, health.
Smoking is Ok then
Ethical if promote well-being in an impartial way.
Malden Mills – ethical, well-being, bad outcome

6. Ethics determine by Individual thinking for themselves
“an unexamined life , is not worth living” Socrates.
You therefore will be required to be thoughtful.

7. Ethics as the law
Law is history – ethical decisions are now

8. First Old Dead Guys
“ethics deals with no small things, but how we ought to live.” Socrates
Ethos became ethics – customary (the rule of tribal norms)
Philosophical ethics – seeks a reasoned analysis of custom and a reasoned defense of how we “ought” to live

9. Business Ethics
The ethics of those charged with acting on behalf of a business. What should a business manager do in various situations?

10. We as educated members of society need ask:
How should we live as an individual and a member of society?