Lecture notes LEB 320F
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This 2 page Class Notes was uploaded by Cameron Vine on Tuesday February 2, 2016. The Class Notes belongs to LEB 320F at University of Texas at Austin taught by Bradley Gold in Summer 2015. Since its upload, it has received 150 views. For similar materials see Foundations of Business Law & Ethics in Business at University of Texas at Austin.
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Date Created: 02/02/16
LEB Paper guidelines and Notes 02/02/2016 ▯ Due February 18 th 1 Page paper Identifying an ethical issue in a business and trying to get this business to avoid point z (prison, fines, loss of jobs, loss of respect, company closes) Picking a more obscure issue, use citations DON’T WRITE ABOUT WHOLE FOODS,VOLTSWAGEN, JACK ABRAMOFF, FIFA, MARTIN SCHRELLY, NESTLY IN AFRICA Point X is when anyone in the organization identifies the problem o Steps towards the process 1. Narrowly identify the issue Heres whats going on, tell them about it (couple sentences) 2. What rules apply in the situation Moral minimum, state the rules that apply (should barely have a paragraph by now) 3. Look at the issue from as many perspectives as possible (why would someone have done this something, or why should someone have not done something, cashier point of view like whole foods 4. How do we stop this problem before it gets worse or gets to point Z (be a business problem solver) ▯ ▯ ▯ Definitions ▯ ▯ Over optimism thinking that bad things are not going to happen to you o Getting in the car and not putting on your seatbelt o The assumptions of how the world is going to conform to you Over confidence What you project out to the world o Usually quite irrational Self serving Bias selectively screen information and deny information that runs contrary to your opinion o When an athlete wins, youre the shit, but when you lose it’s the referees fault when you get a bad grade in a class it’s the teachers fault Framing coporate communication, setting the tone for the conversation for customer or other businesses. Setting the conversation in texts o Marketing, communication, has to due with packaging ( the colors on the packaging in a grocery store, all natural How you talk to customers Role Morality having two completely different roles at work compared to what you do at home. You should have the same morals at all times even though you’re in different places Cognitive Dissonance involves the positions based on issues and opinions and screening the issues you do like and conforming the issues you don’t like Sunk Cost The more we have invested in something the more we are tuned into something o How Vegas wins their money, people get engaged in something because they actually think they are going to win Tangible and the Abstract/Moral Distance contract if something has happened to close friend or family member, then you too will care about this something just like your relatives or family members too o Gluten content people care about it because it affects people you love If it doesn’t affect you then why should you care about this something Time delay trap why we get hangovers, its tomorrow why would I care, Im gonna have this one drink now Lost Aversion people hate to lose things more or less as much as they hate to gain things o Cant let emotion dictate your decisions Teflonic identity maneuvering ▯ ▯
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