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B368 Business Issues and Ethics

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B368 Business Issues and Ethics Group 7 Tutorial 1 C.S. Lai Oct. 2011 Your choice of language: English or Cantonese Welcome! today s agenda Introduction 15 mins. – PowerPoint PPT presentation

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Title: B368 Business Issues and Ethics


1
B368 Business Issues and Ethics
  • Group 7
  • Tutorial 1
  • C.S. Lai
  • Oct. 2011

2
Your choice of language English or Cantonese
3
Welcome! todays agenda
  • Introduction 15 mins.
  • Ground rules, QA 15 mins.
  • Importance of Business Ethics 110 mins.
  • Break 10 mins.
  • TMAs 15 mins.
  • QA, Your Suggestions 15 mins.

4
About me
  • B.Sc. (Hons.) in Chemistry (CUHK)
  • M.Sc. in Engineering Business Management
    (Warwick)
  • Supply Chain Procurement Manager of a
    multinational pharmaceutical company
  • Please dont call me Lai Sir, call me CS or Mr.
    Lai
  • To contact me
  • Tel 9807 5176 (Sun/Sat 2000 2200)
  • Please allow your callers ID to be displaced
  • Please leave a message in case the line is busy.
  • Please DONT call during office hours (Mon.
    Fri.).
  • Please DONT call after 2200, I should have
    slept already!
  • Email t441653_at_ouhk.edu.hk

5
About your Course Coordinator
  • Dr. Matthew Yeung
  • Tel 2768 6951
  • Office A826
  • Email myeung_at_ouhk.edu.hk

6
My role as tutor
  • Help everyone of you to complete this course
  • Telephone tutoring, face-to-face sessions, TMAs,
  • OUHK expects me to be a manager (of students
    time), a well informed and sensitive counsellor
    and an effective administrator and NOT to
    transmit knowledge to your students
  • Lecturing for more than one third of the
    tutorial time should be considered too much

7
About the Course Aims
  • Introduce the theories and practices of business
    ethics.
  • The primary function is not to change students'
    personal values rather, it is to raise students'
    awareness of business ethical issues and to
    develop an ethical mindset so that they consider
    ethics when analysing business cases and making
    business decisions

8
Contents
  • The course covers the following topics
  • The importance of business ethics
  • Making ethical business decisions
  • Tools and techniques to manage business ethics
  • Corporate issues and business ethics
  • Stakeholder issues and business ethics
  • The stakeholder society

9
Assessments
  • 4 tutorials
  • 1 workshop
  • 2 TMAs
  • 1 Examination

10
Please.
  • Speak out
  • Ask questions
  • Share your thoughts
  • Make mistakesand
  • Enjoy!

11
One last thing
  • Please ensure your phone doesnt ring during the
    tutorial
  • If you need to use your phone, please use the
    area outside the classroom
  • Thanks!

12
Introducing Business Ethics
13
Activity
  • What is Business Ethics? Please find some
    examples that is within the scope of Business
    Ethics.
  • Why do you study this course?
  • How can this course help you in your career?

14
Overview
  • What is business ethics?
  • Why is business ethics important?
  • Globalization a key context for business ethics?
  • Sustainability a key goal for business ethics?
  • Europe a key perspective on business ethics?

15
What is business ethics?
  • Business ethics is the study of business
    situations, activities, and decisions where
    issues of right and wrong are addressed.

16
What is business ethics
  • Examples
  • The case of copy data files (individual employee)
  • The case of lax site supervision (management)
  • The case of pharmaceutical pricing (strategy)
  • Can you think of some more examples? What are the
    ethical issues involved?

17
Case Study (Ethical Dilemma 1)
  • Your friend is working in a bar
  • He undercharges you whenever you drink there.
  • Please discuss the questions in the textbook.

18
Ethics and the law
Ethics
Law
19
Ethics in Action 1.1
  • Are certain products inherently unethical? Why?
  • What are the reasons for the company being an
    ethical or unethical organization?
  • If youre the marketing manager of the
    controversial product, how would you suggest the
    product be marketed to highlight their ethical
    qualities?

20
Defining morality, ethics and ethical theory
  • Morality is concerned with the norms, values and
    beliefs embedded in social processes which define
    right and wrong for an individual or a community.
  • Ethics is concerned with the study of morality
    and the application of reason to elucidate
    specific rules and principles that determine
    right and wrong for any given situation.
  • These rules and principles are called ethical
    theories.

21
The relationship between morality, ethics and
ethical theory
22
Why is business ethics important?
  1. Power and influence of business in society
  2. Potential to provide major contribution to
    society
  3. Potential to inflict harm
  4. Increasing demands from stakeholders
  5. Lack of business ethics education or training
  6. Continued occurrence of ethical infractions
  7. Evaluating different ways of managing business
    ethics
  8. Interesting and rewarding

23
Types of misconduct employees observed among
co-workers
Source Ethics Resource Center (2005)
24
Globalization a key context for business ethics?
25
What is globalization?
  • According to Scholte (2000) globalization is not
  • internationalization
  • liberalization
  • universalization
  • westernization
  • Globalization is the progressive eroding of the
    relevance of territorial bases for social,
    economic and political activities, processes and
    relations
  • deterritorialization

26
Relevance of globalization for business ethics
  • Cultural issues
  • Legal issues
  • Accountability issues
  • Globalization can affect all stakeholders of the
    corporation

27
Ethical impacts of globalization
28
Sustainability a key goal for business ethics?
29
Corporate commitments to sustainability
30
Defining sustainability
  • Sustainable development is development that meets
    the needs of the present without compromising the
    ability of future generations to meet their own
    needs. (World Commission on Environment and
    Development 1987)
  • Sustainability refers to the long-term
    maintenance of systems according to
    environmental, economic and social considerations

31
The three components of sustainability
Economic
Social
Environmental
32
Activity
  • Think about the sustainability of current
    transport systems. Are they sustainable? In what
    aspects they are not sustainable?
  • How business ethics is related to sustainability?

33
Triple bottom line
  • Coined by John Elkington
  • Bottom line thinking suggests sustainability as a
    goal
  • Three dimensions
  • Environmental perspectives
  • Economic perspectives
  • Social perspectives

34
Europe a key perspective for business ethics?
35
European vs alternative approaches to business
ethics
  • Who is responsible for ethical conduct in
    business?
  • Who is the key actor in business ethics?
  • What are the key ethical guidelines for ethical
    behaviour?
  • What are the key issues in business ethics?
  • What is the most dominant stakeholder management
    approach?

36
Differences in business ethics between Europe,
the US Asia
37
Summary
  • Definition of business ethics
  • Business ethics is vital for business in
    contemporary capitalism
  • Global view is essential to understand ethical
    issues
  • Sustainability is an important goal for business
    ethics
  • Europe has a distinctly different perspective on
    business ethics issues

38
About submitting TMA
  • By Post or by Online Submission.
  • Send your TMA well before the due dates.
  • You should submit each assignment by the cut-off
    date. Late submissions cannot be accepted.
  • If you send by post, enclose the TMA form,
    acknowledge card with stamp
  • Put down my CORRECT address
  • DONT use registered mail. I NORMALLY IGNORE
    REGISTERED MAIL!

39
TMAs
  • You MUST pass (i.e. 40) BOTH assignments and
    final examination in order to pass the course
  • Keep a copy of each assignment
  • TMA should arrive MY MAILBOX on / before the due
    date
  • 7 days extensions will NOT normally be granted,
    unless you have GOOD reasons and with prior
    permission. (Do you know the official procedure
    of requesting extension?)
  • OUHK does not accept postal loss as a reason for
    extension

40
Reminders
  • TMA 1 due on Nov. 25, 2011.
  • Next meeting Nov. 6, 2011 _at_ OUHK

41
Enjoy the course and Good Luck See you next
time
To download this presentation http//alumni.cuhk
.edu.hk/cslai
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