Chapter 1 Business Ethics
chapter 1
BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT
|TOPICS COVERED |
1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED? 1.7 PLAN OF THE BOOK
|lecture outline |
1.1 Business Ethics and the Changing Environment
Businesses and governments operate in changing technological, legal, economic, social, and political environments with competing stakeholders and power claims. Stakeholders are individuals, companies, groups, and nations that cause and respond to external issues, opportunities, and threats. Disruptive technologies, increased working hours, increased personal and professional stress create pressure on stakeholders. Examples include: Enron, Adelphia, and others; excessive CEO pay and poor corporate performance; new regulation (eg., Sarbanes-Oxley Act of 2002); and increased outsourcing.
A. Seeing the “Big Picture”
1. Thomas Friedman has written a vivid account of the accelerating trend toward globalization in The Lexus and the Olive Tree.
B. Environmental Forces and Stakeholders
1. Organizations are embedded in and interact with multiple changing local, national, and international environments.
2. The economic environment continues to evolve into a more global context of trade, markets, and resource flows.
3. Technologically, the advent of electronic communication and the Internet is changing economies, industries, companies, jobs, and the way business is conducted.
4. Politically, the fall of communist regimes and the
BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT
|TOPICS COVERED |
1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED? 1.7 PLAN OF THE BOOK
|lecture outline |
1.1 Business Ethics and the Changing Environment
Businesses and governments operate in changing technological, legal, economic, social, and political environments with competing stakeholders and power claims. Stakeholders are individuals, companies, groups, and nations that cause and respond to external issues, opportunities, and threats. Disruptive technologies, increased working hours, increased personal and professional stress create pressure on stakeholders. Examples include: Enron, Adelphia, and others; excessive CEO pay and poor corporate performance; new regulation (eg., Sarbanes-Oxley Act of 2002); and increased outsourcing.
A. Seeing the “Big Picture”
1. Thomas Friedman has written a vivid account of the accelerating trend toward globalization in The Lexus and the Olive Tree.
B. Environmental Forces and Stakeholders
1. Organizations are embedded in and interact with multiple changing local, national, and international environments.
2. The economic environment continues to evolve into a more global context of trade, markets, and resource flows.
3. Technologically, the advent of electronic communication and the Internet is changing economies, industries, companies, jobs, and the way business is conducted.
4. Politically, the fall of communist regimes and the