MGMT 202 1st Edition Lecture 1 Outline of Current Lecture I. Breaches of Trust in Employment SectorsA. Business sectorB. Government sectorC. Non-profit sectorII. Trends in Recent Ethical Breaches in SocietyIII. Model for Ethical Decision-MakingA. Stake-holder analysisB. FinancialC. Legal D. EthicalIV. Testing the Model: Employers Using Facebook in Hiring ProcessCurrent LectureTYPES OF EMPLOYMENT SECTORS:Business, government, non-profits – need all of themBreach of shareholder trust in business (private) sector – if it’s dealt with properly, you can recover – people may still want the business’ product even if they disagree with the business’ values, decisions, etcBreach of public trust in government sector – e.g., Lagoyavich (sp?)Breach of community trust in non-profit – American Red Cross example – no one has to give to any non-profits so when one breaks peoples’ trust, it can hurt the rest of the non-profits -Non-profit can’t distribute dividends-Non-profits are rare outside the USTrends in recent ethical breaches in societyEthics resource center data: A. observed misconduct higher in larger organizations – easier to get away with things; more anonymityB. differences in observed misconduct across sectors (29% non-profit, 31% business, 38% government) – government is highest because there is a strict code of conduct that can be reported againstA model for ethical decision-making:Stake-holder analysisFinancialLegalEthicalA. Who are the stakeholders involved? Think about someone other than yourself. Suppliers, distributors, environment, employees, shareholders, etc. We can’t be lazy or biased; this takes time, commitment, and critical thinking.B. Understand the financial considerations – a temporary loss can be good in the long run if you’re trying to gain market share. Tylenol case…C. Legal regulations – know the law, anticipate major changes that could be coming in the futureRemember, not everything that’s ethical is legalD. Ethical is foundation of the pyramid – am I ends-based or means-based? E.g., doing anything to get an A is being ends-based.Testing the model on a case – should employers use Facebook in the hiring process?Define stakeholders – employers, current employees, prospective employees, customers, etc – anyone who will be affectedFinancial implications – you want to retain employees for a while to be most profitable in your businessLegal considerations – you CAN do it legally, as long as you don’t discriminate (gender, race, age,religion, political position, etc)Finally, ethical considerations – there are many, and each company may decide
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