1952_Module 3 Ethics - Read-Only.pdf

UN I VERS ITY OF TORONTO UN I VERS ITY OF TORONTO "The phrase 'ethical leadership' is redundant. Leadership can't exist without ethics... and ethics can't exist without leadership." - Sonny Perdue  What is Ethics We all know what is...

UN I VERS ITY OF TORONTO UN I VERS ITY OF TORONTO "The phrase 'ethical leadership' is redundant. Leadership can't exist without ethics... and ethics can't exist without leadership." - Sonny Perdue  What is Ethics We all know what is business ethical, but how do we.)ustlce really define ethics.... ~ ~r- i concept behav.,,. · -;oy conscience i i... good ""' principlesi: ; ==-i~ , c~-=-, right; d ~ i e :!honor e{ a-f'o,ess1ona1 1nl:iegr:tuY Sc:- :, 1ii ~ moral "§ - l - o Ethics is comprised of standards of behavior which are integral to decision-making; core values and ideals that influence the management process at each step and establish a baseline for all relationships , internal and external Need to memorize this definition 4  Ethics vs. Morals Ethics and Morals relate to Ethics Morals "right" and "wrong" conduct Guiding Principles on principles of the which one's Though they are conduct of an judgments of individual or right or wrong sometimes used group are based interchangeably, they are Influenced by Influenced by different: profession , field , society, culture, - Ethics refer to rules provided organization , and religion by an external source, e.g., etc. codes of conduct in Related to Not related to workplaces or principles in professional professional religions work work - Morals refer to an Uniform Vary according individual's own principles compared to to different regarding right and wrong morals cultures and and what societies sanction religions as right and acceptable ~ ~~,~~~s~~~T~~.~~~S1o~g Source- hllns //pediaa corn'diflecence -between·etbics·and-rnmals/  What Comprises Ethics? Ethics involves judgments of an external organization about the rightness or wrongness of professional behaviour There are many ethical codes, but all are concerned with these key components: - Examination of right, wrong, duty, obligation , rights , justice, fairness , etc. - Values that relate to the nature of human conduct - Fairness in response to a given situation - Rules and principles that guide a society - Conduct which produces the greatest happiness or benefit to the greatest number of people - Morality based on rational people's respect for other rational people ~ UNIVERS ITY OF TORONTO ~ SC IIOOL ot CONT INUING STUD II~ Comes from utilitarianism 6  Ethical Leadership It is believed that like values, ethics are learned through the influence of others Ethical leadership builds upon ethics and can be defined as the application of ethics to leadership scenarios It is the ability to motivate, influence, and enable others The project manager should do these things: - Think about what is aligned with the values, best practices, and ethical standards of the project manager's employer and/ or the PMI, whichever is stricter - Communication - Interpersonal relations "Ethics and leadership go hand in hand. An ethical environment is conducive to effective leadership, and effective leadership is conducive to ethics. Ethics and leadership function as both cause and effect" William D. Hitt, Ethics and Leadership ~ UNIVERS I TY OF TORONTO ~ SC IIOOL ot CONT INUING STUD II~  Ethical Principles in Business (1) IC-1.2 Honesty: Leaders are honest and truthful in all their dealings - They do not deliberately mislead or deceive others by misrepresentations , overstatements , partial truths, selective omissions , or any other means Integrity: Leaders demonstrate personal integrity and the courage of their convictions by doing what they think is right even when there is great pressure to do otherwise They will not sacrifice principle for expediency, be hypocritical, or unscrupulous Trustworthiness : Leaders are trust-worthy and forthcoming in supplying relevant information while correcting misapprehensions of facts They make every reasonable effort to fulfill the letter and spirit of their promises and commitments They do not interpret agreements in an unreasonably technical or legalistic manner in order to rationalize non-compliance or create justifications for escaping their commitments ~. cg UNIVERS I TY OF TORON T (? Sourc_e 12 Ethrca/ Pnnciples for Busmes:s Exewhve s, Michael Joesphson, Global Leadership Bulletin, January 13, 2015, &l SC IIOOL ot CONT I NUI NG STU DIU hllns /lwww standardizations om/h111JeJinn p=l3] ~ Ethical Principles in Business (2) IC-1.2 Loyalty: - Leaders demonstrate loyalty to persons and institutions by friendship in adversity, support, and devotion to duty - They do not disclose information learned in confidence for personal advantage - Avoid undue influences and conflicts of interest to safeguard the ability to make independent professional judgments Fairness: - Ethical leaders are fair and do not exercise power arbitrarily nor take undue advantage of other's mistakes or difficulties - They have a commitment to justice, equal treatment of individuals, acceptance of diversity, and are open-minded - They are willing to admit they are wrong and willing to change their positions and beliefs Concern for Others: - Ethical executives are caring , compassionate , benevolent, and kind ~ ~.:.:;M.'~JTJ.Y&i!:Vi'Smlit:~~flfrRtli?,Mtl1 itbu:sifless,'E!lbj~ ~"il'l' a m armer that 0 9 causes the eas arm an~ I e greatest pos1t1ve good ~ Ethical Principles in Business (3) IC-1.2 Law Abiding: - Ethical leaders abide by laws , rules , policies , procedures , and regulations relating to their business activities Respect for Others: - Demonstrate respect for human dignity, autonomy, privacy, rights , and interests of all those who have a stake in their decisions - They treat all people with equal respect and dignity regardless of sex, race, or national origin Commitment to Excellence: - They pursue excellence in performing their duties through constant effort to increase their proficiency in all areas of responsibility - They seek to be well informed and prepared in executing their tasks and making decisions ~ Ethical Principles in Business (4) IC-1.2 Leadership: - Ethical leaders understand their position of leadership and through their own conduct position themselves as a positive ethical role model - They drive to create an environment in which principled reasoning and ethical decision making are highly prized Accountability: - Ethical leaders accept personal accountability for the ethical quality of their decisions - They hold themselves accountable for any misconduct to themselves , their colleagues , their companies , and their communities Reputation and Morale: - They build and protect their organization 's reputation and the morale of its employees - They avoid engaging in any conducts that might undermine the respect of their employees 11  IIJl