reputation and five minutes to ruin it.” - Warren Buffett Ethical Values Ethics is based on fundamental values that we all share regardless of race, religion, ethnicity, or background: – Trustworthiness – Loyalty – Responsibility – Respect – Fairness – Compassion Ethical Dilemmas A situation in which a difficult choice has to be made between two courses of action, either of which entails transgressing a moral principle. Ethical Dilemmas An ethical dilemma occurs when choices, although having potential for personal or organizational benefit, may be considered unethical. Ethical dilemmas include: • Discrimination • Sexual harassment • Conflicts of interest • Customer confidence Ethical Dilemmas Ethical behavior leading to a dilemma can be rationalized by convincing yourself that: • Behavior is not really illegal. • Behavior is really in everyone’s best interest. • Nobody will ever find out. • The organization will “protect” you. • Everyone is doing it SOME ETHICAL DILEMMAS
1.Should I support my bosses’ incorrect views?
2.Should I sign a false document? 3.Should I accept a gift from a client? 4.Should I give preferential treatment to a boss’s friend? LET’S TALK!