03 May QuestionBusiness Ethics assignment
Question
Business Ethics assignment
Preparation for the midterm:
· Financial Disaster of 2008: Who were the main players? What are some main ethical dilemmas that lead to the disaster? What were the results for the disaster?
· Why bother teaching ethics? Support your answer with at least 3 well developed points
· Be familiar with the Bernie Madoff story as well as his view of what happened
· Be able to describe the three main ethical philosophies, as well as their advantages and challenges. Be able to take a case and analyze it from the three different philosophies.
· Identify and be able to use the 9 steps to ethical decision making in business. You will be given a case that you will need to work through using the 9 steps.
· Be able to discuss in detail, with examples Dan Ariely’s fudge factor. Include what can be done to minimize a person’s fudge factor and how it can be applied in the workplace.
· Jonathan Haidt uses the metaphor of an elephant and a rider to describe ethical decision-making behavior. Be able to explain the metaphor, what does the elephant and rider represent? How does his view of ethical decision making differ from more traditional vies put forward by Bentham and Kant.
· Be familiar with the Ford Pinto case. Be able to discuss Denny Gioia’s personal experience at Ford and his involvement with the case. How did this case reveal the power of context which was able to influence even a seemingly well-intentioned morally grounded individual like Gioia.
· Be able to explain Kohlberg’s stages of moral development and how they can be related to the 60-minute piece dealing with moral development in children.
· Be familiar with the different bias that affect decision making in ethical dilemmas.
· Be able to explain the terms; power of fairness, conflict of interest, discrimination, customer confidence, use of corporate resources and whistleblower.
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