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CSE 4317 1 CSE Senior Design II Ethics in Business(or, just Ethics) Mike O’Dell Most of this presentation is derived from a presentation entitled “Business Ethics 101” delivered by Albert D. Hoppe at the 2007 AAPL Annual Meeting in New Orleans, LA. Exercises are taken from the Hoffberger Center at the University of Baltimore. Ethics, simply defined “Ethics is about how we meet the challenge of doing the right thing when that will cost us more than we want to pay.” CSE 4317 * From Maxwell, Ethics 101, p.18 A “Viable Moral System” Textbook author and ethicist Jacques Thiroux states that the following five principles are necessary for any ethical system to successfully govern human morality: 1. The value of life principle 2. The principle of goodness or rightness 3. The principle of justice or fairness 4. The principle of truth-telling or honesty 5. The principle of individual freedom CSE 4317 * Two Key Aspects of Ethics There are two key aspects of ethics: The first involves the ability to discern right from wrong, good from evil, and propriety from impropriety. The second involves the commitment to do what is right, good and proper. Ethics entails action; it is not just a topic to mull or debate.” CSE 4317 * From Maxwell, Ethics 101, p.18 Ethics In the Workplace In a recent workplace survey, 43% of employees admitted to having engaged in at least one unethical act in the last year, and 75% observed such an act and did nothing about it. (John Maxwell, Ethics 101, p. 10) Another recent survey found that 82% of business executives admitted to cheating at golf, and 72% believed that actions in business and golf parallel each other. (John Maxwell, Ethics 101, p. 74) CSE 4317 * Three Quick Tests The SELF TEST, a.k.a. the butterfly test The AUTHORITY TEST, a.k.a. what would mother say? The PUBLIC SCRUTINY TEST, a.k.a. what would the neighbors think? CSE 4317 * Common Rationalizations The Josephson Institute of Ethics has compiled a list of common rationalizations u