1. First, watch the "C Neck" video at the link:
Topic: Ethics/Decision Making
Meeting Recording:
https://player.mediaamp.io/p/U8-EDC/Z10ANGjRH9T0/embed/select/media/ooiWkN320D8k?
form=html
2. Second, Read below. Below will tell you everything else you need to do for this week.
CONTENT:
Topic 1: Ethics An Overview
I. Make sure to read chapter 2, "Ethics and Social Responsibility". Know all the definitions for
the following key terms:
KEY TERMS
Accommodative approach 57
Articles of incorporation 57
Code of conduct 50
Commitments 53
Community principle 49
Conventional stage 44
Corporate social responsibility (CSR) 55
Defensive approach 57
Distributed justice principle 50
Earned-income activities 60
Enterprising nonprofits 60
Ethical dilemma 43
Ethics 42
Externality 45
Global level of ethics 47
Global warming 57
Your MGT 300 Work for the Week of March 1st and March 8th
Imperfect duties 53
Individual rights principle 49
Legal principle 49
Long-term principle 49
Perfect duties 53
Postconventional stage 44
Preconventional stage 44
Principle-based management 50
Proactive approach 56
Reactive approach 57
Rights 53
Social consequence ventures 60
Social entrepreneurs 58
Social entrepreneurship 58
Social purpose ventures 59
Social responsibility 55
Societal norms 44
Stakeholders 45
Standards of excellence 53
Sustainability 58
Utilitarian principle 49
Venture philanthropy funding 60 Virtuous principle 49 Whistleblowers 46
Topic 2: Decision Making
I. Make sure to read, Chapter 6 (Making Effective Decisions), and know all the definitions for the
key terms:
KEY TERMS:
Adaptive management 149
Anchoring and adjustment heuristics 155
Availability heuristics 155
Bounded rationality 154
Brainstorming 159
Classical model 150
Common-information bias 156
Confirmation bias 156
Decision-making 148
Decision-making style 152
Delphi technique 160
Escalation of commitment 156
Framing bias 156
Groupthink 159
Heuristics 155
Hindsight bias 156
Intuition 155
Nominal group technique (NGT) 162
Nonprogrammed decision 149
Production blocking 159
Programmed decision 149
Reasoned judgment 152
Representativeness heuristic 155
Satisficing 154
Sunk cost bias 156
Tolerance for ambiguity 152
Value orientation 152
APPLICATION:
I. In Neck's opening video he explained the four views of ethics. Related to Neck's opening
video, please now watch the following video at the link: https://youtu.be/RAi7vhVfZ1c
Put yourself in the shoes of the bridge worker. You have to make one or two decisions. There
are no other alternatives. You either save the train of passengers or save your child. What do
you do? Then ask yourself WHY you would make that decision? Then see if your WHY fits one
of the four views of ethics in the video.
II. In Neck's opening video, he explain three factors that influence ethical decision making
(stage of moral development, the environment, and issue intensity). Watch the following clip
from the movie COURAGEOUS.
https://www.youtube.com/watch?v=tw84M32yV0k
Use these three factors towards ethical decision making to explain WHY the young man made
the decision he did.
FINAL QUOTE:
Integrity is doing the right thing even when no one
is watching. C. S. Lewis
BONUS MATERIAL:
MOTIVATING AND INSPIRING MORAL STORY
DECISION MAKING
This is a motivating moral story of a washer man who went to sell his donkey with his son and made a fool of
himself with his bad decision making.
A washer man was taking his old donkey to the market with his son riding the donkey. Some people who saw this,
said, “What a son that makes his old father walk”.
The son felt embarrassed, got down and decided to let his father ride the donkey. Some people who saw this, said,
“What a set of foolish father and son. They have a donkey and yet one of them is walking”.
Now based on this input, the father and the son made their second decision and both of them started riding the
donkey together. Some people who saw this, said, “What a merciless pitiable act. Two people riding on a poor old
donkey?”
Based on the new remarks the father and son did analysis of the situation and took yet another decision. They both
got down and carried the donkey all the way.
They were too tired by the time they reached the market, tripped over a stone and fell down injuring themselves and
killing the donkey they brought this far to sell.
Moral of this Inspiring Motivating Story
“What people think is their problem. Make decisions based on what you think.”
source: https://motivating-story.blogspot.com/2008/08/motivating-moral-story-of-decision.html
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