Objectivity and Transparency - ️️Rationalizations can create hurdles to objectivity
-Some Rationalizations and Hurdles:
-Conflicting Interest - Self Interest, "Inappropriate self-interest)
-"Moral Disengagement" (See Bandura's Moral Disengagement)
-Conflicts of interest can threaten our imp...
BUSMHR 2292
Objectivity and Transparency - ✔️✔️Rationalizations can create hurdles to objectivity
-Some Rationalizations and Hurdles:
-Conflicting Interest - Self Interest, "Inappropriate self-interest)
-"Moral Disengagement" (See Bandura's Moral Disengagement)
-Conflicts of interest can threaten our impartiality
-"Tests" of Ethical Judgement (Paine's). Visibility, Generality, Legacy
West Point - Three Rules of Thumb - ✔️✔️1. does action attempt to deceive or allow
deceit?
2. does action gain or allow gain of privilege or advantage to which i or someone else
would not otherwise be entitled
3. would i be dissatisfied by the outcome if i were on the receiving end of action?
Albert Einstein Quote - ✔️✔️"The intuitive mind is a sacred gift and the rational mind is
a faithful servant."
Paine's 4 Questions for us to consider what Ethical Standard may apply - ✔️✔️1. Is the
action consistent with the actor's basic DUTIES?
2. Does it respect the RIGHTS and other legitimate claims of the affected parties?
3. Does it reflect BEST PRACTICE
4. Is it compatible with the actor's own deeply held COMMITMENTS ("core values")?
Duty - ✔️✔️Requirement to act or not to act towards others
Basic moral duties in law or codes
Right - ✔️✔️Requirement in others to behave in a certain fashion toward you - also
often in law or codes
Converse of duty (Ex: West Point Three Rules of Thumb)
,Paine's Basic Ethics Framework, what was his framework article about? - ✔️✔️-
Markets are amoral, but market participants frequently must make ethical judgements
(Trust)
-Repeats links between ethics and performance
-Despite those links, Paine argues we haven't done a good job of integrating ethics
strategies into management decision making strategies
-Paine suggests a framework for doing so:
-Difficulty is that we often use emotion, rather than reason, to resolve ethical issues.
-Ordinarily, IF we use reason, often it is to attempt to justify our action AFTER THE
FACT
-There CAN be MORE THAN ONE ethical answer
This is a Stakeholder Analysis:
-Figuring anyone who can affect or anyone who is affected by a decision and how
they're affected
What are Best Practices - ✔️✔️Principles or Standards of excellence (ethics codes,
voluntary standards)
Ideals, values, aspirations
Commitments - ✔️✔️Self-chosen or subjective moral convictions (principles, core
values, standards of integrity)
"You can make money without doing evil" - One of Google's "What we believe"
statements
ELI lens info from other quizlet - ✔️✔️add it
Two Approaches to 'Justice' - ✔️✔️1. Distributive Justice
2. Procedural Justice
Distributive Justice - ✔️✔️Concerns the nature of a society just allocation of goods in a
society
Procedural Justice - ✔️✔️The idea of fairness in the processes that resolves disputes
and allocates resources
, concerns the fairness and the transparency of the processes by which decisions are
made
4 Steps suggested in Paine's Framework - ✔️✔️1. Facts and ethical issues
2. Stakeholders
3. Ethical Standards
4. Objectivity & Transparency
Facts and Ethical Issues - ✔️✔️Stop and Critically Think - Emotion can derail
objectivity
Trust "gut" to alert you to issue , but critically examine facts and issues
Appreciate the difficulty and potential bias in fact gathering, in data - facts can be fluid
Stakeholders - ✔️✔️Anyone who can affect, or anyone who is affected by a decision
Ethical Standards - ✔️✔️Duties, Rights, Best Practice, Commitments
Using the lenses to help identify
CODEX principles
Visibility (Test of ethical judgement, Paine) - ✔️✔️Would I be comfortable if this action
were described on the front page of a respected newspaper? -AKA transparency
Generality (Test of ethical judgement, Paine) - ✔️✔️Would I be comfortable if everyone
in a similar situation did this?
Legacy (Test of ethical judgement, Paine) - ✔️✔️Is this how I'd like my leadership to be
remembered?
Bandura's Moral Disengagement - ✔️✔️Moral Self-Regulation System
-Underlying values and standards that potential actions are judged against. (Ex:
"Stealing is wrong; Breaking the law is wrong")
Cognitive Disengagement Processes:
-Moral Justification
-Euphemestic Language ("I'm just borrowing them"
-Advantageous comparison
-Displacement of Responsibility
-Distortion of Consequences
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