Collins3e_DQ07_
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School
University Of Detroit Mercy *
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Course
5210
Subject
Philosophy
Date
Feb 20, 2024
Type
docx
Pages
2
Uploaded by AmadouK
Instructor Resource
Collins, Business Ethics 3e
SAGE Publishing, 2022
Discussion Questions
Chapter 7: Ethics Training 1.
According to the author, “Hard-earned trust can quickly disappear when violated, which can hamper organizational performance.” Can you think of an instance when an organization lost the trust of its employees or stakeholders? If trust is so valuable, how could managers allow this to happen?
Answer:
Enron Corporation is a well-known example of a company that has lost the trust of its stakeholders and employees. Enron was previously regarded as one of the most inventive and prosperous businesses in the US, but financial scandal, corporate fraud, and a serious betrayal of confidence precipitated its stunning collapse in the early 2000s. Enron's demise was caused by major conflicts of interest and unethical behavior fostered by dishonest corporate governance and a dishonest culture.
The Enron case is a prime example of how a company's trust can be undermined and lead to dire outcomes. Building and maintaining trust with employees and stakeholders requires managers to take proactive steps to prioritize ethical conduct, openness, and a positive business culture. Trust is highly important, and its loss can be
avoided with good leadership and a dedication to moral values. When mishandled, hard-earned trust can quickly evaporate, hindering the productivity of the business. In Enron’s case, managers actively promoted short term financial gains at eh expense of cultivating a positive corporate culture that values ethics, integrity, and transparency.
2.
Imagine you heard a manager say, “Given the fast-paced technological, market, and regulatory changes faced by our company, no ‘off-the-shelf’ ethics training could possibly provide value.” How would you respond?
Answer:
I would try to understand the manager's perspective on the customized ethics
training course. In which areas do they think prepackaged ethical training will fall short of expectations?
Instructor Resource
Collins, Business Ethics 3e
SAGE Publishing, 2022
I'll give them the courses and assignments that are typically associated with ethical training. That might be a good place for employees to start because the corporation might find specialized training to be prohibitively expensive. Perhaps, the manager can look into supplementing the regular training program with a portion of the ethical training. To understand these ideas and come to an effective and successful
decision, cooperation with the manager will be required.
3.
Do you think it would be possible for an organization to create and maintain an ethical
culture without the benefit of ethics training and other tools described in this chapter? Why or why not?
Answer:
An organization could hardly create and maintain an ethical culture without the help of ethics education and other strategies discussed in this chapter. Employees who take part in ethics training receive an overview of the moral principles that the organization maintains as well as a framework for making choices that align with the company's core beliefs. Employees may act unethically and damage the firm's reputation if they are not educated on the ethical standards that the company upholds. This can be prevented with the help of these materials and training. It would be impossible for a business to create and preserve an ethical culture without the help of ethics training and the other tools covered in this chapter.
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