Central Georgia Technical College Ethics in Business and At Work

Learning Activity #1
Co. A was founded in Baltimore, MD in 1923. In 1924, Co. A began to manufacture sugar
cookies. The company continued to grow, expand its manufacturing operations until, in
1945, Co. A “went public” and sold its stock on the NYSE for $10/per share. The value of
the stock has increased to a value of $100/per share in 2012.
In 2011, Co. A stated in its annual financial report to stockholders that its 2011
profit was $5 million, when in fact its profit was only $3 million. This error was a typo,
and not an intentional fraudulent act. The new CEO has discovered this falsification and is
concerned about ethical and legal implications.
What is the ethical dilemma? Explain possible consequence of the problem and suggest alternative resolutions to the case.
Learning Activity #2
EXERCISE
Clarifying Your Values
If you wish to be better prepared to make tough ethical decisions at work or elsewhere
in your life, it can be extremely helpful to clarify your personal ethical
values before they’re seriously challenged. Following is a selected list of values.
Feel free to add one or more if you have a deeply held
value that is not represented on this list (it is not meant to be exhaustive). In
priority order (with 1 being the most important value), list from three to six values
that are most important to you personally in making decisions. That’s the
easy part. Next, think seriously about what happens when two or more of these
values conflict. For example, what happens if you value both honesty and success
and they come into conflict? Are you willing to forgo financial success in order to
be completely honest with customers or suppliers? Next, if you’re working, think
about the values of your organization and how those are prioritized. Are there
serious conflicts between your personal values and the organization’s values?
Finally, list those values that you would choose to serve as the basis for business
dealings in an ideal society.
Action orientation
Equality
Helpfulness
Power
Teamwork
Altruism
Excitement
Honesty/Integrity
Promise keeping
Tradition
Authority
Experimentation
Honor
Responsibility
Wealth
Compassion
Fairness/Justice
Initiative
Risk taking
Winning
Competence
Family well-being
Innovation
Respect
Conformity
Flexibility/adaptability
Moderation
Security
Creativity
Freedom
Novelty
Self-discipline
Customer satisfaction
Harmony
Obedience
Status
Diversity
Humility
Order
Success

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