Members of organizations are continually making decisions that have important consequences for themselves and the firms for which they work. In some cases these decisions affect human well being and social welfare and thus have important ethical impacts for those affected by the decisions.This study examines if certain strategic situations (enhancement of firm profits versus personal economic well being) cause decision makers to act more or less ethically. A questionnaire consisting of two vignettes which depicted actual business situations was used (...) to collect data from 171 managers of a large Southeastern financial and communication conglomerate. Results from multivariate repeated measures tests suggest that managers will vary their level of ethical response when faced with a situation where their own economic well being is at stake. (shrink)

This article discusses the integration of principle-based ethics into business ethics education. It explains how several pedagogical innovations were successfully undertaken in over 20 business ethics courses taught since 2018 to enhance active student engagement with a principle-based ethical framework central to decision making in the complex environment that many organizations face on a day-to-day basis. The teaching initiatives used include case-based projects and discussions, a personal code of ethics developed by each student, and an arts-inspired presentation as well as (...) a student integrity and citizenship rubric assessing students’ ethical conduct throughout each course. To date, this approach to principle-based ethics education seems to deliver very promising results. (shrink)

While many may see the board game “Monopoly” as nothing more than a means of entertainment, it carries with it the potential to be used as an instrument for teaching ethical principles of business. This article makes a case that Monopoly be used to teach business ethics by providing the opportunity for a rich discussion regarding the dangers of concentrated wealth, collusion, and having an end goal that forces you into bankrupting your opponents and becoming the most cutthroat capitalist on (...) the board. Victory is achieved only by the self-serving actions of the individual; attempts at prosperity, generosity, and unity serve only to place the ethically minded player at a disadvantage. The article first provides an overview of the business principles on which Monopoly is based, and then discusses the disconnects between business ethics and winning at Monopoly, and how these disconnects can be used as a teaching tool. (shrink)

Over the past two years, the College of Business (COB) profiled in this article spent time reflecting on where it had been, what it was doing, and where it needed to go in terms of teaching ethics. Based on this analysis, the COB developed an initiative to teach ethics to students, faculty, business people, government employees and officials, and others across its state so all of key stakeholder groups would have a greater appreciation for the benefits of ethical decision-making, the (...) need to exhibit ethical leadership, and the role that business and the free enterprise system can play in promoting the need to earn one’s reputation by doing the right thing. The current article discusses the process the COB followed to implement their ethics initiative. (shrink)

Managers throughout the world regularly face ethical dilemmas that have important, and perhaps complex, professional and personal implications. Further, societal consequences of decisions made can be far-reaching. In this study, 210 financial services managers from Australia, Chile, Ecuador and the United States were queried about their ethical beliefs when faced with four diverse dilemmas. In addition, the situational context was altered so the respondent viewed each dilemma from a top management position and from a position of economic hardship. Results suggest (...) a complex interaction of situation, culture and issue when individuals make ethical judgments. Specifically, Chileans were found to have different beliefs about sex discrimination and child labor dilemmas when compared to their colleagues from the other three nations. Chileans and Australians also disagreed on the bribery dilemma. Anglo managers were more likely than Latin American managers to change their ethical responses when the situation was altered. For multinational firms interested in maintaining healthy ethical climates, the findings suggest that culturally contingent ethical guidelines, or policies adapted to the local customs, must be considered. Further, managers must remain aware of issues related to specific situations, both internal and external, that would cause subordinates to alter their moral judgment. (shrink)

A critical concern for firms pursuing international expansion strategies involves identifying countries that offer a good fit with the firm's overall ethical orientation. Unfortunately, little has been written to aid firms in identifying countries that offer this type of fit. This paper presents a model that combines the concepts of strategic management, cross-cultural management, business ethics, and the management science technique of goal programming. The purpose of the model is to aid managers in identifying countries for international expansion that offer (...) the best fit with the firm's ethical orientation. The paper also extends the existing literature on cross-cultural management and business ethics by applying a computer optimization model to evaluate potential countries for international expansion in a way that has not been done before. (shrink)