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should not be excuses for engaging in unethical behavior?

26 / 01 / 2019 Certificate III In Patisserie

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Module Discussion Topic:Financial executives insist that there should be no separation between an individual’s personal ethics and his or her business ethics. “It’s a jungle out there” and “business is business” should not be excuses for engaging in unethical behavior. Many firms have ethics codes which are based on economically rational concepts such as integrity and trustworthiness, which guide the decision maker in attempting to increase shareholder wealth. Of course, some employees sometimes choose to not comply with their firm’s ethics code.What are potential risks to the public and to stakeholders? Please explain how Saint Leos core value of integrity is reflected in your answer.Introduction of DQ5For project selection and capital budgeting decisions, say you are the financial analyst involved in analyzing these projects and making recommendations for these decisions. You own stock in the Company which is significant to your own personal net worth. You work in a team of people, and find out that a particular project being evaluated will have potentially short-term negative impacts on the firm’s profits, but could be a big winner. You may need to sell your stock in the short-term to put a down payment on a house. See the conflict that is potentially evolving here? Do you see what the dilemma is for the financial analyst? St. Leos Core Values of IntegrityThe First Florida Catholic UniversityMission & Values Saint Leo University is a Catholic, liberal arts-based university serving people of all faiths.Rooted in the 1,500-year-old Benedictine tradition, the university seeks balanced growth in mind, body, and spirit for all members of its community. At University Campus, at education centers, and through the Center for Online Learning, Saint Leo University offers a practical, effective model for life and leadership in a challenging world; a model based on a steadfast moral consciousness that recognizes the dignity, value, and gifts of all people.To accomplish its mission, the university community creates a student-centered environment in which the love of learning is of prime importance. Members of the community are expected to examine and express their own values, listen respectfully to and respond to the opinions of others, serve the community in which they live, welcome others into their lives, and care for all of Gods creations.Core ValuesExcellence
Saint Leo University is an educational enterprise. All of us, individually and collectively, work hard to ensure that our students develop the character, learn the skills, and assimilate the knowledge essential to become morally responsible leaders. The success of our University depends upon a conscientious commitment to our mission, vision, and goals.Community
Saint Leo University develops hospitable Christian learning communities everywhere we serve. We foster a spirit of belonging, unity, and interdependence based on mutual trust and respect to create socially responsible environments that challenge all of us to listen, to learn, to change, and to serve.Respect
Animated in the spirit of Jesus Christ, we value all individuals unique talents, respect their dignity, and strive to foster their commitment to excellence in our work. Our communitys strength depends on the unity and diversity of our people, on the free exchange of ideas, and on learning, living, and working harmoniously.Personal Development
Saint Leo University stresses the development of every persons mind, spirit, and body for a balanced life. All members of the Saint Leo University community must demonstrate their commitment to personal development to help strengthen the character of our community.Responsible Stewardship
Our Creator blesses us with an abundance of resources. We foster a spirit of service to employ our resources for University and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo Universitys mission and goals.Integrity
The commitment of Saint Leo University to excellence demands that its members live its mission and deliver on its promise. The faculty, staff, and students pledge to be honest, just, and consistent in word and deed.It’s a Jungle Out ThereThis is one of the great excuses used by people to try to justify engaging in unethical behaviors. ‘It’s a Dog-Eat-Dog World’ is a similar saying. It even gets more serious sometimes: ‘Do You Want to Keep Your Job’? ‘Didn’t You Just Buy a New House’? ‘Didn’t You Just Have a Child’? As project selection and capital budgeting normally involve very significant decisions to be made by financial executives, you can see how challenging it might be and how ethics might be a consideration in certain cases for certain people in certain circumstances…….

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