MKTG 123 CH. 6
CHAPTER 6: ETHICS
Introduction
Ethics = Greater DIfferentiator
The practice of PR is all about earning credibility
Credibility begins with telling the truth
PR must be based on doing the right thing
Ethics should be the great differentiator that separates PR professionals from other professions
What are Ethics?
WATCH VIDEO ON SLIDES !
Ethics theories range from utliltarianism (greatest good for greatest number) to deontology (do what is right though the word should perish)
Right vs. Wrong
Religious beliefs
Acceptable standards of behavior
Public relations professionals are expected to do the right thing. The cardinal rule of PR is to never lie.
Unethical Behavior
Government seems perpetually rocked by ethical scandals
In business, insider trading scandals have dominated the news in recent years
In sports, reputations of legendary baseball players, formerly revered cyclist Lance Armstrong were tarnished by steroid use or illegal doping.
Significance of Ethics ot the Practice of PR
PR Society of America (PRSA) invested $100,000 in revamping its code of ethics
The code of ethics underscored six fundamental values that the PRSA believes are vital to the integrity of the profession.
PRSA Member Code of Ethics 2000
Advocacy
Honesty
Expertise
Independence
Loyalty
Fairness
Doing The Right Thing
Ethics definition by Josephson Institute: standards of conduct that indicate how one should behave based on moral duties and virtues.
Ethics are the values that guide a person, organization, or society–concepts such as right and wrong, fairness and unfairness, honesty, and dishonesty. Ethics depend on culture, religion, education.
Ethical Issues Abound
Investments on ethics and compliance programs
Corporate codes of conduct
Increase public confidence
Stem tide of regulation
Improve internal operations
Respond to transgression
Ethical Violations By Corporate Executives
Madoff’s Ponzi scheme
R. Allan Stanford
Ethics in Business
Corporate Social Responsibility (CSR)
How companies manage business processes for a positive societal impact
Any social institution is responsible for the behavior of its members and may be held accountable for misdeeds
Today’s social responsibility programs are sophisticated
Partial List of Social Responsibility Categories
Product lines
Marketing practicies
Corporate philanthropy
Environmental activities
External relations
Employment diversity in retaining and promoting minorities and women
Employee safety and health
Ethics in Government
23-hour cable news, always on blogosphere increases scrutiny
Corporate Social Responsibility
Ethics in Public Relations
CHAPTER 6: ETHICS
Introduction
Ethics = Greater DIfferentiator
The practice of PR is all about earning credibility
Credibility begins with telling the truth
PR must be based on doing the right thing
Ethics should be the great differentiator that separates PR professionals from other professions
What are Ethics?
WATCH VIDEO ON SLIDES !
Ethics theories range from utliltarianism (greatest good for greatest number) to deontology (do what is right though the word should perish)
Right vs. Wrong
Religious beliefs
Acceptable standards of behavior
Public relations professionals are expected to do the right thing. The cardinal rule of PR is to never lie.
Unethical Behavior
Government seems perpetually rocked by ethical scandals
In business, insider trading scandals have dominated the news in recent years
In sports, reputations of legendary baseball players, formerly revered cyclist Lance Armstrong were tarnished by steroid use or illegal doping.
Significance of Ethics ot the Practice of PR
PR Society of America (PRSA) invested $100,000 in revamping its code of ethics
The code of ethics underscored six fundamental values that the PRSA believes are vital to the integrity of the profession.
PRSA Member Code of Ethics 2000
Advocacy
Honesty
Expertise
Independence
Loyalty
Fairness
Doing The Right Thing
Ethics definition by Josephson Institute: standards of conduct that indicate how one should behave based on moral duties and virtues.
Ethics are the values that guide a person, organization, or society–concepts such as right and wrong, fairness and unfairness, honesty, and dishonesty. Ethics depend on culture, religion, education.
Ethical Issues Abound
Investments on ethics and compliance programs
Corporate codes of conduct
Increase public confidence
Stem tide of regulation
Improve internal operations
Respond to transgression
Ethical Violations By Corporate Executives
Madoff’s Ponzi scheme
R. Allan Stanford
Ethics in Business
Corporate Social Responsibility (CSR)
How companies manage business processes for a positive societal impact
Any social institution is responsible for the behavior of its members and may be held accountable for misdeeds
Today’s social responsibility programs are sophisticated
Partial List of Social Responsibility Categories
Product lines
Marketing practicies
Corporate philanthropy
Environmental activities
External relations
Employment diversity in retaining and promoting minorities and women
Employee safety and health
Ethics in Government
23-hour cable news, always on blogosphere increases scrutiny
Corporate Social Responsibility
Ethics in Public Relations