SMG SM 131 Lecture Notes - Lecture 13: Ingroups And Outgroups

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Jim Freeman

Document Summary

Unwritten rules we have developed for our interactions with one another. Standards of conduct generally accepted that govern society. Virtues in action: honesty, fairness, and justice. Decisions that are dishonest, unfair and unjust and costly for you and your business. Bias: implicit prejudice, in-group favoritism, overclaiming credit, conflict of interest. Blind spots: ill-conceived goals, motivated blindness, indirect blindness, slippery slope, overvaluing. Bounded ethicality: the idea that even when we try to behave ethically, it is difficult due to a variety of organizational pressures and psychological tendencies. Our sense of ethics are limited by psychological and organizational tendencies. Forms of bias (more personal, the way you are brought up and family, friends, culture) Implicit prejudice: tendency to have unconscious stereotypes, associations or attitudes about other individuals: judging others according to unconscious stereotypes rather than merit. In-group favoritism: tendency to show favor to those individuals that are like you in terms of race, religion, employer, alma mater, etc.