Ethics

Ethics are rules that help us tell the difference between right and wrong

Based on values Values are – what we think is

important These help us decide between

right and wrong decisions.

Ethical Behaviour

Do you value Friendship?

If so, would you: Steal from a friend Lie on a friend Betray a friend

What do you Value?

Your answers to the previous questions are an example of how your Morals are developed.

Morals are – Rules you use to decide what’s good and what’s bad.

Morals

Morals and Values work together to create an Ethical Code or a set of behaviours/principles that people, institutions and businesses abide by.

Code of Ethics

Does this school have a Code of Ethics? Question

Refer to text page 78 for the Rogers Communications Inc. Official Code of Ethics

Every Business has a Code of

Ethics

Tough problems or questions that have to do with morality and ethics are known as Ethical Dilemmas.

There are ALWAYS potential “right” and “wrong” answers.

When a business makes a decision that weighs it’s morals and values against it’s profitability, it runs into a Ethical Dilemma.

Black/White/Grey

Downsizing of Staff Dealing with harmful

environmental chemicals Antitrust issues Employee rights Discrimination against

women/minorites

Examples of Ethical Dilemmas

Businesses Face

In business, there is a model that we can follow in order to make the BEST decision possible.

So How do we solve ethical Dilemmas?

Who will be Helped by the decision?

Who will be Harmed by the decision?

What are the pros of the decision? What are the cons of the decision? Will the decision survive the test of

time?

Ethical Dilemma Resolution Model

Workbook: Page 36 and 37 Homework