COMMERCE 3S03 Lecture Notes - Lecture 6: The Wall Street Journal, Carly Fiorina, Performance Appraisal

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 3S03
• Professor: Carolyn Capretta

Document Summary

Week 5 chapter 6: becoming an ethical manager. Ethics: code of conduct of moral principles and values that governs the behaviours of a person or group with respect to what is right or wrong. Gut instinct 3 models to frame your decision. W(cid:396)o(cid:374)g is (cid:449)(cid:396)o(cid:374)g e(cid:448)e(cid:374) if e(cid:448)e(cid:396)(cid:455)o(cid:374)e is doi(cid:374)g it. Right is (cid:396)ight e(cid:448)e(cid:374) if (cid:455)ou"(cid:396)e the o(cid:374)l(cid:455) o(cid:374)e doi(cid:374)g it. Some executives are preoccupied with their own importance: these managers take every opportunity to feed their greed or nourish their egos, pay more attention to gaining benefits for themselves, rather than for the company or the larger society. Unethical managers focus on their own needs and goals: concerned only with their own needs; these managers take all the credit for successes. Unethical managers fail to speak up against acts they believe are wrong: (cid:862)bei(cid:374)g o(cid:374)e of the gu(cid:455)s! (cid:863) E(cid:454)a(cid:373)ple: ha(cid:373)ilto(cid:374), o(cid:374)t. fi(cid:396)es (cid:1006)9 (cid:272)it(cid:455) (cid:449)o(cid:396)ke(cid:396)s o(cid:448)e(cid:396) (cid:862)i(cid:374)app(cid:396)op(cid:396)iate (cid:271)eha(cid:448)iou(cid:396)(cid:863) a(cid:272)(cid:272)usatio(cid:374)s.