5-6 Ethical Origins o Professional ethics: values and standards used by groups of managers in the workplace. applied when decisions are not clear-cut ethically Example: physicians and lawyers have professional associations that enforce these Individual ethics values of an individual resulting from their family upbringing If behavior is not illegal, people will often disagree on if it is ethical Ethics of top managers set the tone for firms " win/MeGraw-HHill CThe McGraw-Hill Companies, Inc, 2000Irwin/McGraw-Hill ©The McGraw-Hill Companies, Inc., 2000 5-6 Ethical Origins ⚫Professional ethics: values and standards used by groups of managers in the workplace. ◼ Applied when decisions are not clear-cut ethically. ◼ Example: physicians and lawyers have professional associations that enforce these. ⚫Individual ethics: values of an individual resulting from their family& upbringing. ◼ If behavior is not illegal, people will often disagree on if it is ethical. ◼ Ethics of top managers set the tone for firms