Final Project – Business Ethics
For Question – please refer to the word document attached that says “Final Project Rubric”
Final Project Business Ethics
For your Final Project, prepare a report that summarizes the ethical concepts you learned in this class, and that answers the following questions:
1) What is ethics and what does it mean to you?
2) What new knowledge and skills did you gain from the study of Business Ethics that you can apply in the workplace and everyday living?
3) Identify your values and answer the following below:
– Of all the values that matter to you (e.g., honesty, integrity, loyalty, fairness, honor, hope), list the five most important and explain why.
– Explain where you believe you learned each value (e.g., family, school, sports team, belief community, work).
– Include a real or potential ethical challenge you may face in living each value. Be as specific as possible.
-Commit to an action in support of each value. Be specific.
4)Explain the benefits and challenges of employee diversity in the workplace.
5) Compare and contrast the ethical duties managers and employees owe each other in the workplace.
Include references to the textbook and concepts that you learned in this course to support your analysis. Include references to 7-10 sources (5 of which should be academic peer reviewed sources).
Specifications:
Please complete your analysis in a 5-7-page (excluding cover and reference page) Word Document with the following restrictions: 12 Point Font, Times New Roman, Double Spaced, 1 Margins, and a cover page conforming to APA format.Additionally, your project should be in complete sentences with proper grammar and spelling. This is a graduate level course, so your paper should be complete and thorough, and should show an elevated level of analysis compared to that of an undergraduate course. Also, make sure your assignment is organized and answers all of the questions asked.Please include headings in your paper to help organize and identify the different components of your analysis.
Please use APA citation format and attach a Cover Page and Reference page to your report (also in APA format).
Organization:
Please organize your analysis with a clear introduction, body, and conclusion.
See below for guidance for how the paper should look like (outline of the paper):
I. INTRODUCTION:
Introduce the topic of discussion and include a mapping statement thatincludes the key topics of discussion in your analysis section.
II. ANALYSIS:
In the analysis section includes the following sections:
1) What is ethics and what does it mean to you?
2) What new knowledge and skills did you gain from the study of Business Ethics that you can apply in the workplace and everyday living?
3) Identifying your values and answer the following below:
– Of all the values that matter to you (e.g., honesty, integrity, loyalty, fairness, honor, hope), list the five most important and explain why.
– Explain where you believe you learned each value (e.g., family, school, sports team, belief community, work).
– Include a real or potential ethical challenge you may face in living each value. Be as specific as possible.
-Commit to an action in support of each value. Be specific.
4)Explain the benefits and challenges of employee diversity in the workplace.
5) Compare and contrast the ethical duties managers and employees owe each other in the workplace.
III. CONCLUSION:
Briefly reiterate the topic of your paper, and your overall conclusions/thoughts.
Grading Rubric:
Introduction
* Introduce topic and mapping statement
____/15
Analysis
1) What is ethics and what does it mean to you?
2) What new knowledge and skills did you gain from the study of Business Ethics that you can apply in the workplace and everyday living?
3) Identifying your values and answer the following below:
– Of all the values that matter to you (e.g., honesty, integrity, loyalty, fairness, honor, hope), list the five most important and explain why.
– Explain where you believe you learned each value (e.g., family, school, sports team, belief community, work).
– Include a real or potential ethical challenge you may face in living each value. Be as specific as possible.
-Commit to an action in support of each value. Be specific.
4)Explain the benefits and challenges of employee diversity in the workplace.
5) Compare and contrast the ethical duties managers and employees owe each other in the workplace.
____/50
Conclusion
*Summarize your paper and conclude overall
____/15
Organization/Grammar/Spelling
____/10
Citations and reference page
____/10
TOTAL POINTS
____/100 Lectures/OSX_Ethics_Ch01_PPT.pptx
Business Ethics
Chapter 1 WHY ETHICS MATTER
PowerPoint Image Slideshow
Chapter Outline
1.1 Being a Professional of Integrity
1.2 Ethics and Profitability
1.3 Multiple versus Single Ethical Standards
Figure 1.1
Each of us makes innumerable decisions every day. In a business context, these choices have consequences for ourselves and others whom we must take into account in our decision-making process. (credit: modification of business paper office laptop by rawpixel/Pixabay, CC0)
Learning Objectives
1.1 Being a Professional of Integrity
Describe the role of ethics in a business environment
Explain what it means to be a professional of integrity
Distinguish between ethical and legal responsibilities
Describe three approaches for examining the ethical nature of a decision
Figure 1.2
Stakeholders are the individuals and entities affected by a businesss decisions, including clients, customers, suppliers, investors, retailers, employees, the media, the government, members of the surrounding community, the environment, and even competitors. (credit: modification of Unisex toilets sign by AIGA/United States Department of Transportation, Public Domain)
Extension: Stakeholder v. Shareholder Distinction
All shareholders are stakeholders in a company because they are affected by a companys actions.
Still, not all stakeholders are shareholders. Shareholders specifically hold shares, or stock, in a for-profit firm that is publicly traded.
Traditionally, shareholders have been given preeminence in a companys strategic decisions. Today, however, that priority is weakening as firms accord additional value to other stakeholders, as well.
Figure 1.3
Immanuel Kant was an eighteenth-century philosopher, now associated with deontology, who spent nearly all his professional life teaching at the university in Knigsberg (which today is Kaliningrad, the westernmost point in Russia). (credit right: modification of Kant foto by Becker/Wikimedia Commons, Public Domain)
Feature Box: Ethics Across Time and Culture
Critical Thinking
In the article cited, the authors stress the importance of being well versed in the liberal arts, such as philosophy, history, literature, and in the fine arts to cultivate judgment. How do you think a strong background in the liberal arts would impart practical wisdom or help you make ethical decisions?
Discussion Questions
Some business students believe they should only have to take business courses in their undergraduate curriculum. The article cited suggests otherwise. Where do you believe the truth lies in this issue? What is your rationale?
When Kant speaks of what we have a duty to do, he says this sense of duty is based on a good will that should govern all of our actions. Would you agree with this? Why or why not?
Learning Objectives
1.2 Ethics and Profitability
Differentiate between short-term and long-term perspectives
Differentiate between stockholder and stakeholder
Discuss the relationship among ethical behavior, goodwill, and profit
Explain the concept of corporate social responsibility
Figure 1.4
Warren Buffett, shown here with President Barack Obama in June 2010, is an investor and philanthropist who was born in 1930 in Omaha, Nebraska. Through his leadership of Berkshire Hathaway, he has become one of the most successful investors in the world and one of the wealthiest people in the United States, with an estimated total net worth of almost $80 billion. (credit: President Barack Obama and Warren Buffett in the Oval Office by Pete Souza/Wikimedia Commons, Public Domain)
Figure 1.5
Imagine you are the CEO of a mid-sized firmabout five hundred employeesand your company is publicly traded. To understand what matters most to all your stakeholders, complete the preceding exercise to evaluate the impact of a particular action or decision. (credit: modification of legal pad paper by tswedensky/Pixabay, CC0)
Feature Box: What Would You Do?
Critical Thinking
Which of these opportunities would you pursue and why?
How important an attribute is salary, and at what point would a higher salary override for you the nonmonetary benefits of the lower-paid position?
Discussion Questions
Work-life balancea balance between workplace responsibilities and time to enjoy experiences off the jobcan be an important consideration. What priority do you assign to this balance as you pursue your post-graduate career?
Do you believe you might ever have to decide between salary and the opportunity to have significant relationships, a hospitable work environment, and leisure time outside of work? If you do, how will you make that choice?
Feature Box: Cases from the Real Word
Critical Thinking
Which elements of this case might involve issues of legal compliance? Which elements illustrate acting legally but not ethically? What would acting ethically and with personal integrity in this situation look like?
How do you think this breach will affect Equifaxs position relative to those of its competitors? How might it affect the future success of the company?
Was it sufficient for Equifax to offer online privacy protection to those whose personal information was hacked? What else might it have done?
Learning Objectives
1.3 Multiple versus Single Ethical Standards
Analyze ethical norms and values as they relate to business standards
Explain the doctrine of ethical relativism and why it is problematic
Evaluate the claim that having a single ethical standard makes behaving consistently easier
Discussion Points
Yet, does one size fit all when it comes to ethical standards?
When applying an ethical standard in the workplace, is consistency the primary goal to achieve?
Might an ethical business leader sometimes have to implement a flexible standard in order to be as fair as possible? Why or why not? If your answer is yes, explain your rationale.
Feature Box: What Would You Do?
Critical Thinking
How would you handle this situation and why?
Would it matter if the relative were someone closer to you, perhaps a brother or sister?
If so, why?
Discussion Questions
Ultimately, do we typically have different standards for ethical behavior when it comes to family and friends? Is this how it should be?
As a business leader, would you have different standards for ethical behavior on the job when working with family and friends?
This file is copyright 2019, Rice University. All Rights Reserved.
Lectures/OSX_Ethics_Ch02_PPT.pptx
Business Ethics
Chapter 2 ETHICS FROM ANTIQUITY TO THE PRESENT
PowerPoint Image Slideshow
Chapter Outline
2.1 The Concept of Ethical Business in Ancient Athens
2.2 Ethical Advice for Nobles and Civil Servants in Ancient China
2.3 Comparing the Virtue Ethics of East and West
2.4 Utilitarianism: The Greatest Good for the Greatest Number
2.5 Deontology: Ethics as Duty
2.6 A Theory of Justice
Figure 2.1
Their accuracy and practical use in the marketplace made scales, held aloft here by the figure of Justice in Bruges, Belgium, a common symbol in jurisprudence and law in the East and the West. Even today, the concept of counterbalancing different ideas and philosophies underlies many approaches to the law and ethics. (credit: modification of Golden Lady Justice by Emmanuel Huybrechts/Flickr, CC BY 2.0)
Learning Objectives
2.1 The Concept of Ethical Business in Ancient Athens
Identify the role of ethics in ancient Athens
Explain how Aristotelian virtue ethics affected business practices
Figure 2.2
Nicomachean Ethics, by the ancient Greek philosopher Aristotle (a), is a rough collection of Aristotles lecture notes to his students on how to live the virtuous life and achieve happiness; it is the oldest surviving treatment of ethics in the West. The collection was possibly named after Aristotles son. This 1566 edition (b) was printed in both Greek and Latin. (credit a: modification of Aristotle Altemps Inv8575, by Jastrow/Wikimedia Commons, Public Domain; credit b: modification of Aristotelis De Moribus ad Nicomachum by “Aavindraa”/Wikimedia Commons, Public Domain)
Figure 2.3
Penelope and Odysseus in a scene from Homers Odyssey, as depicted in 1802 by the German painter Johann Tischbein. For the ancient Greeks, Penelope represented all the virtues of a loving, dutiful partner. She remained faithful to her husband Odysseus despite his absence of some twenty years during and after the Trojan War. (credit: Odysseus and Penelope by H. R. Wacker and James Steakley/Wikimedia Commons, Public Domain)
Feature Box: Ethics Across Time and Cultures
Critical Thinking
Consider how democracy has expanded since the Golden Age of Greece, eventually including universal suffrage and fundamental rights for everyone. Although we try not to judge cultures today as having right or wrong practices, we often judge earlier cultures and civilizations. How might you assess a practice like slavery in antiquity without imposing modern values on a civilization that existed more than two and a half millennia ago?
Are there absolute truths and values that transcend time and space? If yes, what might these be and where might they come from? If not, why not?
Discussion Question
Also consider how women were typically excluded from formal education in ancient Greece, as education was considered preparation for a career in the professional world, which was restricted to men. Does this practice discount any of the positive values of antiquity?
Feature Box: Ethics Across Time and Cultures
Critical Thinking
How is the ancient concept of distributive justice understood in todays political debate?
What are the underlying values that inform each side of the debate (e.g., values like wealth maximization and corporate social responsibility)?
Can these sides be reconciled and, if so, what must happen to bring them together? Does virtue have a role to play here; if so, how?
Learning Objectives
2.2 Ethical Advice for Nobles and Civil Servants in Ancient China
Identify the key features of Confucian virtue ethics
Explain how Confucian virtue ethics can be applied to contemporary business
Discussion Point
Similar to Aristotle, who prepared young men for service in business, government, and the law in ancient Greece, Confucius trained young men to serve as officials in the emperors administration. How might these ancient Confucian ethical values complement those found in Aristotelian virtue ethics?
Figure 2.4
Confucius (Kung Fu-tzu or Master Kung), depicted here in front of the Confucius Temple in Beijing, lived during a turbulent period in Chinas history. He sought to end violence and chaos through a return to order, harmony, and reverence, especially within the family. (credit: KongZi, Confucius Temple with Gold Roof, Main Statue by klarititemplateshop.com/Flickr, CC BY 2.0)
Feature Box: What Would You Do?
Critical Thinking
If you were Yijing, what would you have done?
Discussion Questions
If, like Yijing, you had initially agreed to disguise yourself as a man, would you have thrown off this pretense once you had enabled the business to become even more profitable?
If Yijing had a daughter, what role might her mother have given her in the family business?
Figure 2.5
The Analects of Confucius is a collection of Confuciuss teachings and sayings regarding the virtuous life and how to attain harmony. They were compiled by his followers and written with ink and brush on strips of bamboo. (credit: Rongo Analects 02 by Fukutaro/Wikimedia Commons, Public Domain)
Learning Objectives
2.3 Comparing the Virtue Ethics of East and West
Compare the origins and goals of virtue ethics in the East and the West
Describe how these systems each aimed to establish a social order for family and business
Identify potential elements of a universally applied business ethic
Discussion Point
Despite the fact that all ethics, including business ethics, is conditioned by time, culture, and geography, do similarities between virtue ethics in the East and the West demonstrate that some ethical values are constant and objective? Why or why not?
Figure 2.6
The Aristotelian and Confucian systems of virtue ethics have in common the theme of control, as this comparison shows. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license)
Feature Box: What Would You Do?
Critical Thinking
What do you suppose Confucius and Aristotle, teachers of virtue ethics, would say about the Colombians case, and how would they go about assessing responsibility? What would they identify as the crime committed? Would they think the executives at Chiquita had acted prudently, cravenly, or deceitfully?
What would you do if confronted with this case?
Discussion Question
How might your perspective on this change depending on whether you were an executive at Chiquita or a Justice Department government official?
Learning Objectives
2.4 Utilitarianism: The Greatest Good for the Greatest Number
Identify the principle elements of Jeremy Benthams utilitarianism
Distinguish John Stuart Mills modification of utilitarianism from Benthams original formulation of it
Evaluate the role of utilitarianism in contemporary business
Discussion Points
Some claim that business leaders make utilitarianism their go-to instrument for determining ethical business strategy. Would you agree with this assessment? If so, what might render utilitarianism an attractive mechanism for determining the right course of action for a company?
Regardless of the extent to which utilitarianism functions commonly in business decision-making, what weaknesses would you identify in this ethical system?
Figure 2.7
At his request, Jeremy Benthams corpse was laid out for public dissection, as depicted here by H.H. Pickersgill in 1832. Today, his body is on display as an auto-icon at University College, London, a university he endowed with about half his estate. His preserved head is also kept at the college, separate from the rest of the body.) (credit: Mortal Remains of Jeremy Bentham, 1832 by Weld Taylor; H. H. Pickersgill/Wikimedia Commons, CC BY 4.0 International)
Feature Box: Ethics Across Time and Cultures
Critical Thinking
What do you think of Benthams final request? Is it the act of an eccentric or of someone deeply committed to the truth and courageous enough to act on his beliefs?
Do you believe it makes sense to continue to honor Benthams request today? Why is it honored? Do requests have to make sense? Why or why not?
Figure 2.8
In On Liberty (1859) (a), John Stuart Mill (b) combined utility with human rights. He emphasized the importance of free speech for correcting error and creating value for the individual and society. (credit a: modification of On Liberty (first edition title page via facsimile), by Yodin/Wikimedia Commons, Public Domain; credit b: modification of John Stuart Mill by London Stereoscopic Company, c1870, by Scewing/Wikimedia Commons, Public Domain)
Extension: The Intellectual Team of John Stuart Mill and Harriet Taylor Mill
John Stuart Mill dedicated On Liberty to his wife, Harriet Taylor Mill (18071858). The book was published a year after her death, and J.S. Mill still deeply felt his loss. Each spouse was an accomplished writer in his or her own right. Some commentators note that each served as a trusted editor to the other. Though the nineteenth century did not feature many celebrated women writers, particularly in political science, J.S. Mill publicly noted the intellectual debt that he owed to his wife. By all accounts, she credited him in the same way. (credit: modification of work Harriet Mill from NPG by anonymous by National Portrait Gallery/Wikimedia Commons, Public Domain)
Learning Objectives
2.5 Deontology: Ethics as Duty
Explain Immanuel Kants concept of duty and the categorical imperative
Differentiate between utilitarianism and deontology
Apply a model of Kantian business ethics
Discussion Point
Explain the strengths and weaknesses of utilitarianism and deontology.
Figure 2.9
First published in 1781, Immanuel Kants Critique of Pure Reason provided a new system for understanding experience and reality. It defended religious faith against atheism and the scientific method against the skepticism of the Enlightenment. (credit a: modification of Immanuel Kant (1724-1804), by Daube aus Bblingen/Wikimedia Commons, Public Domain; credit b: modification of Title page of 1781 edition of Immanuel Kant’s Critique of Pure Reason., by Tomisti/Wikimedia Commons, Public Domain)
Feature Box: What Would You Do?
Critical Thinking
It has been said that in Kantian ethics, duty comes before beauty and morality before happiness. Can you think of other instances when it is appropriate to break one moral code to satisfy another, perhaps greater one? What are the deciding factors in each case?
What would you do if you were Jean Valjean?
Discussion Points
Some commentators claim that Kantian ethics privileges extenuating circumstances in understanding our motive for acting as we do. For example, if you extend leniency in a criminal case due to the circumstances in which a perpetrator found him or herself, this is an instance of applying a Kantian scale.
Similarly, whenever you forgive the actions of someone who unintentionally hurt you, this, too, is an application of Kantian ethics.
Feature Box: Cases from the Real World
Critical Thinking
How might the Categorical Imperative become a part of organizational culture? Could it ever work in business?
Do you see the Categorical Imperative as applicable to your own interests and hope for a career?
Learning Objectives
2.6 A Theory of Justice
Evaluate John Rawlss answer to utilitarianism
Analyze the problem of redistribution
Apply justice theory in a business context
Discussion Points
John Rawls thought himself to be a utilitarian, so he regarded his theory to be more of a modificationor radical transformationof utilitarianism.
With regard to justice theory in a business context, might this conflict with the obligation many senior business leaders feel to return the greatest profit to shareholders?
Figure 2.10
The veil of ignorance in Rawlss original position. Those in the original position have no idea who they will be once the veil (wall) has been lifted. Rawls thought such ignorance would motivate people in the community to choose fairly. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license)
Feature Box: What Would You Do?
Critical Thinking
What are you willing to give up so that seniorswhoever they might beare afforded care and security in their later years?
Should you have to pay into a system that provides medical coverage to other people less health conscious than you? Why or why not?
Discussion Questions
As a business leader, would you feel an obligation to pay for equal health benefits for all of your employees, regardless of whether they practiced a healthy lifestyle? Why or why not?
If it could be demonstrated that private primary education is more effective than public education, what might justice theory pose as a response?
This file is copyright 2019, Rice University. All Rights Reserved.
Lectures/OSX_Ethics_Ch03_PPT.pptx
Business Ethics
Chapter 3 DEFINING AND PRIORITIZING STAKEHOLDERS
PowerPoint Image Slideshow
Chapter Outline
3.1 Adopting a Stakeholder Orientation
3.2 Weighing Stakeholder Claims
3.3 Ethical Decision-Making and Prioritizing Stakeholders
3.4 Corporate Social Responsibility (CSR)
Figure 3.1
Starbucks, based in Seattle, Washington, is a company with more than 250,000 employees and locations across the globe. It directly affects countless stakeholders beyond its institutional investors and millions of customers, from coffee growers and milk producers, to urban and suburban communities and developers, to local, state, and national governments. (credit: modification of StarbucksVaughanMills by Raysonho/Wikimedia Commons, CC0)
Learning Objectives
3.1 Adopting a Stakeholder Orientation
Identify key types of business-stakeholder relationships
Explain why laws do not dictate every ethical responsibility a company may owe key stakeholders
Discuss why stakeholders welfare must be at the heart of ethical business decisions
Figure 3.2
Maryland Lieutenant Governor Boyd Rutherford hosts a small-business stakeholder roundtable discussion. Governments consider local businesses to be stakeholders in economic decision-making. Small businesses have their own local and regional stakeholders, who are influenced by the products and services they offer and the decisions they make in building their businesses. (credit: modification of Lt. Governor Host MBE_Small Business Stakeholders Roundtable Discussion by Maryland GovPics/Flickr, CC BY 2.0)
Feature Box: Cases from the Real World
Critical Thinking
Does the requirement to walk an average of eight or nine miles at a fast pace every day strike you as a reasonable expectation for employees at Amazon, or any other workplace? Why or why not? Should a company that wants to impose this requirement tell job applicants beforehand?
Is it ethical for customers to patronize a company that imposes this kind of requirement on its employees? And if not, what other choices do customers have and what can they do about it?
The centers general manager may have been exaggerating about the Amazon Pace to impress upon his visitors how quickly and nimbly pickers fill customer orders for the company. If not, however, is such a pace sustainable without the risk of physiological and psychological stress?
Feature Box: What Would You Do?
Critical Thinking
Would your business be driven primarily by a particular social mission or by economics?
How do you think stakeholder relationships would influence your approach to business? Why?
Discussion Questions
Would your business instead be driven by some combination of these motives?
How might you prioritize different stakeholder claims?
Arguably, the primary objective of a for-profit business is to make money. Might a commitment to a social mission help or hinder this objective? Why or why not?
Learning Objectives
3.2 Weighing Stakeholder Claims
Explain why stakeholders claims vary in importance
Categorize stakeholders to better understand their claims
Discussion Points
All stakeholders claims are important, but different claims still may vary in importance.
How does categorizing your stakeholders help you to better understand them and the claims they could have on your company?
Among your stakeholders, would you assign the highest priority to stockowners, or to customers/clients, or to employees? How would you prioritize these and why?
Figure 3.3
This Edsel Pacer was manufactured in 1958, the first year of production of the ill-fated Ford model, which ceased production in November 1959. (credit: modification of Edsel Pacer 2-door Hardtop 1958 front by Redsimon/Wikimedia Commons, CC BY 2.5)
Figure 3.4
Grouping stakeholders into meaningful categories according to relationship types allows an organization to prioritize stakeholders claims. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license)
Feature Box: Cases from the Real World
Critical Thinking
In its corporate credo, Johnson & Johnson identifies multiple stakeholders: users of its products (output), employees (input), employees families (diffused linkage), and the government (enabling linkage). Applying Grunig and Hunts theory, do you believe Johnson & Johnson acted as an enlightened company that includes and communicates with a variety of publics?
U.S. business leaders are often accused of acting on a short-term obsession with profitability at the expense of the long-term interests of their corporation. Which aspects of the Tylenol crisis demonstrate a short-term perspective? Which show the value of a longer-term perspective?
Learning Objectives
3.3 Ethical Decision-Making and Prioritizing Stakeholders
Identify the factors that would affect stakeholder prioritization
Explain why priorities will vary based upon the interest and power of the stakeholder.
Describe how to prioritize stakeholder claims, particularly when they conflict
Discussion Points
How may your priorities change over time?
How do you prioritize stakeholder claims when members of your management team disagree about how to prioritize them?
Figure 3.5
Stakeholder priority can be expressed as a relationship between the stakeholder groups influence or power and the interest the stakeholder takes in the relationship. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license)
Feature Box Idea: What Would You Do?
Critical Thinking
Describe the passenger stakeholder claims on Malaysia Airlines.
Describe the government stakeholder claims on Malaysia Airlines.
What would you advise Bellew to identify as a prioritythe demand from pilgrims for easy travel at a reduced price or the demand from the government for profitable operations?
Discussion Question
Explain how you would balance demands from different stakeholders that are at variance with each other.
Feature Box: Ethics Across Time and Cultures
Critical Thinking
Does IKEA have a system to influence stakeholder behavior? If so, describe the system and explain who changes more under the system, IKEA or its consumers.
Does IKEAs strategy reflect a normative approach to managing stakeholder claims? If so, how?
Learning Objectives
3.4 Corporate Social Responsibility (CSR)
Define corporate social responsibility and the triple bottom line approach
Compare the sincere application of CSR with its use as merely a public relations tool
Explain why CSR ultimately benefits both companies and their stakeholders
Discussion Point
Do you think it is genuinely possible to apply the values of CSR and have that application also carry a public-relations value for your firm?
Figure 3.6
The three components of the triple bottom line are interrelated. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license)
Feature Box: Cases from the Real World
Critical Thinking
Does the use of CAFOs compromise Ben and Jerrys mission? Why or why not?
Has the growth of Ben and Jerrys contributed to any form of greenwashing by the parent company, Unilever? If so, how?
Discussion Question
Ben and Jerrys success, coupled with the close integration of its mission into its operations have influenced other companies to follow suit. Would you predict this effect on other firms will continue, or is it simply chic to do so now?
This file is copyright 2019, Rice University. All Rights Reserved.
Lectures/OSX_Ethics_Ch04_PPT.pptx
Business Ethics
Chapter 4 THREE SPECIAL STAKEHOLDERS: SOCIETY, THE ENVIRONMENT, AND GOVERNMENT
PowerPoint Image Slideshow
Chapter Outline
4.1 Corporate Law and Corporate Responsibility
4.2 Sustainability: Business and the Environment
4.3 Government and the Private Sector
Figure 4.1
The Japanese concept of nemawashi broadly means laying the groundwork or building strong roots. In a business ethics context, nemawashi means building a strong foundation for an action or project by reaching out to all stakeholders and seeking their input, demonstrating how much the organization values their opinion as it builds support from the ground up. (credit: OpenStax)
Learning Objectives
4.1 Corporate Law and Corporate Responsibility
Explain how investors and owners benefit from doing business as a corporate entity
Define the concept of shareholder primacy
Discuss the conflict between shareholder primacy and corporate social responsibility
Figure 4.2
Corporate shareholders elect directors who appoint the companys officersall of whom benefit from limited liability. (credit: OpenStax)
Figure 4.3
A corporations typical stakeholders include (but are not limited to) its customers or clients, the community in which it operates, the natural environment, i
