What Really Motivates People to be Honest in Business
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School
Northeast Community College *
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Course
301
Subject
Philosophy
Date
Dec 6, 2023
Type
docx
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1
Uploaded by chribabl
What Really Motivates People to be Honest in Business?
1. Adam Smith believed that people were motivated by self-interest and their
decision-making
involved a cost-benefit analysis. Immanuel Kant believed that
people had core values that influenced their decision-making without regard to costs
or benefits. Who do you agree with?
Could they both be right?
While I think that both are right to a degree I personally believe in
Kant. I believe most people have an internal conscious that helps
them decipher between right and wrong in their own opinion we
must keep in mind though that everyone has their own perception of
right and wrong. I believe a lot of that has to do with the
environment in which they are raised and the people who surround
them in their everyday lives.
2. What is a protected value? Give an example of a protected value that one might
have in regard
to their professional life.
A protected value is “where you are willing to pay the price to uphold the value to
withstand the temptation to give-in,” according to Alexander Wagner. An example I
think of is a car salesman. Many of them make commission, and selling someone a
vehicle that they would not be able to afford just for the commission..
3. Does the coin-toss experiment support Adam Smith’s theory or does it support
Immanuel Kant’s
theory? Explain.
With 65% of the participants being honest in the experiment it does support Kant’s
theory.
4. Dr. Wagner believes that choosing the right people is more effective in having an
ethical work
environment than having codes of conduct and incentives/disincentives.
Do you agree with
him? Why or why not?
Personally yes, I agree with him. By having the right people in the
workplace, they will already be doing their jobs correctly and will not
need incentives to achieve success. Now showing appreciation after
the fact for a job well done is what most people will respond to. That
could be as simple as a personalized note or even a cash bonus.
This lets your workers know you are not only observant of their
success but that they are appreciated in the work that they do and
will continue that path without having set incentives to go after.
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