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business
business ethics
Questions and Answers of
Business Ethics
How might a defender of the liberal model criticize the human fulfi llment model of work?
How can work become meaningful under the liberal model of work?
How does the Greek philosophical notion of a telos relate to the human fulfi llment theory of work?
What are the two different trends within the conventional view of work?
If not for wages, why work? If you were granted extra time in each day would you choose to spend any of it at work?
What factors other than wages would influence you to change jobs?To take a job? To quit a job? Other than wages, what are the three most important aspects of any job you would seek?
Could you ever envision a point in your own life before retirement when you would be willing to trade wages and income for more leisure time? Besides taking time away from work to raise a family,
Compare the benefits one might receive from working at Mozilla to work at Microsoft, or work at Grameen Bank to work at a local bank. How are they likely to differ? How are they likely to be similar?
Describe a framework for evaluating the rights and responsibilities of employees.
Describe a framework for evaluating business’s ethical responsibilities to employees.
Explain business’s responsibility for providing employees with meaningful work.
Explain the variety of meanings and values attributed to work.
Examine the goals and values of your own career and workplace decisions.
Put yourself in the position of someone who is establishing an organization from the ground up. What type of leader would you want to be?How would you create that image or perception? Do you create a
You are aware of inappropriate behavior and violations of your fi rm’s code of conduct throughout your operation. In an effort to support a collegial and positive atmosphere, however, you do not
What are some of the greatest benefi ts and deleterious costs of compliancebased cultures?
One element that surely impacts a fi rm’s culture is its employee population.While a corporate culture can shape an employee’s attitudes and habits, this will be more easily done if people with
Now that you have an understanding of corporate culture and the variables that impact it, how would you characterize an ethically effective culture, the one that would effectively lead to a profi
Changing a corporate culture is very diffi cult. Imagine that you are asked by your chief executive to help move your fi rm toward the use of a triple-bottom-line accounting model in which
Consider how you evaluate whether a fi rm is “one of the good guys” or not. What are some of the factors that you use to make this determination?Do you actually know the facts behind each of
To help understand an organizational culture, think about some organization to which you belong. Does your company or school or fraternity/sorority have its own culture? How would you describe it?
Does Jobs have a responsibility (ongoing? immediate?) to Apple’s investors, board of directors, employees, and/or customers to inform them about his health?
Who are the stakeholders with regard to Jobs’s health?
What responsibilities does the Apple board of directors have to the investing public? Do you think they fulfilled their responsibilities in this case?
If Apple did not have a legal duty to disclose the facts of Jobs’s health, would it be ethical to issue misleading information?
From what you’ve just read, was Apple forthright and honest in its public statements? What facts lead you to this conclusion? What other facts would you want to know?
Discuss the role of assessment, monitoring, and auditing of the culture and ethics program.
Integrate ethics within a fi rm.
Explain how various reporting mechanisms such as ethics hotlines and ombudsman can help.
Discuss the role of mission statements and codes in creating an ethical corporate culture.
Discuss the role of corporate leadership in establishing the culture.
Explain the stakeholder theory of corporate social responsibility, its ethical rationale, and two challenges to it.
How does the modifi ed version of the economic model with its notion of a “moral minimum” differ from the economic model of corporate social responsibility?
Explain the philanthropic model of corporate social responsibility. To what degree do you think it differs from the economic model?
What are the two ethical justifi cations for the economic model of corporate social responsibility? What are the most signifi cant challenges facing these justifi cations?
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
Is Walmart’s strategy to encourage suppliers to produce green products in sustainable ways ethically equivalent to the “reverse auction” strategy to get suppliers to reduce prices?
Does Walmart have any responsibilities to its suppliers other than those specified in their contracts?
Walmart’s wages are above the legally required minimum wage, and health benefits are not legally mandated. Are there reasons for a business to take actions not required by law but which might
Economists define costs in terms of opportunities forgone. What opportunities are forgone by Walmart’s “everyday low price” marketing strategy?Who pays the costs of Walmart’s low prices?
Should business management always seek the lowest prices for its customers and the highest rate of return on investment? What reasons might there be for seeking something less for customers and
Evaluate the management philosophy of Walmart from the point of view of stockholders, employees, customers, the local community, and suppliers.
How would you describe the managerial philosophy of Walmart? What principles are involved? What are the overriding aims, values, and goals of Walmart?
Is Walmart a socially responsible company? What facts would you want to know in order to answer this question? What ethical issues lead you to one answer rather than another?
Explain how sustainability has become a strategic social responsibility for business.
Describe the strategic model of corporate social responsibility.
Describe the philanthropic model of corporate social responsibility.
Explain the ethical foundations of the stakeholder model.
Describe the stakeholder model of corporate social responsibility.
Explain how the economic model is extended and developed through a moral minimum.
Explain and review the utilitarian and rights-based justifications for the economic model of corporate social responsibility.
Develop a list of virtues and vices. As a helpful way to begin, think about the pledge offered by Boy Scouts and Girls Scouts that begins: “A scout is trustworthy, loyal, helpful. . . .” Are
How does deontological ethics establish a connection between individual rights and the nature of human beings?
Distinguish between utilitarian, deontological, and virtue-based approaches to ethics. What are the strengths and weaknesses of each?
Can anyone ever make too much money for their own good?
Are large salaries more justified as incentives to produce beneficial consequences, or as rewards for past accomplishments? Are there available alternatives to money that might serve as incentives
Should salary be tied to results such that an executive whose company loses money should earn less than an executive whose company makes a profit?
What standards should be used to establish a fair wage? Are the standards for executives different from those for hourly workers? What factors determine what someone deserves for pay?
The United States has established a minimum wage law. Should there be a maximum wage law?
Explain the basic concepts of virtue ethics.
Explain the rights- and duty-based ethics of deontology.
Clarify several major challenges to utilitarian ethics.
Explain how utilitarian ethics provides support for market economics and business policy.
Explain the ethical theory of utilitarianism.
Identify the errors of ethical relativism.
Understand the basic categories and concepts of ethical theory.
What are values? What is the difference between ethical values and other types of values? What is the difference between “value” when used as a verb, and “value” when used as a noun?
Can you imagine anything that would have prevented the Madoff fraud?
Do you think that a scandal such as this is the result mostly of unethical individuals, or are there organizational issues that allowed, encouraged, or were responsible for the harms? To what degree
Identify all the people you think may have been harmed, and how they were harmed, by the Madoff fraud.
Identify what ethical issues and questions are involved in the Madoff case.
Identify ethical issues within a case description.
Distinguish between personal morality, virtues, and social ethics.
Describe the distinction between ethics and ethos.
Clarify the difference between ethics and the law.
Explain the difference between ethical values and other values.
Explain the nature and meaning of business ethics.
Identify reasons why the study of ethics is important.
The Digital Millennium Copyright Act (DMCA)provides Internet service providers a measure of immunity from liability for illegal content (pornography, defamation). What are the responsibilities of the
(a) Review the International Safe Harbor Privacy Principles and report on their requirements: http://export.gov/safeharbor. (b) Review the privacy policy of a major online retailer such as Amazon or
(a) Visit the web site of the Cyberspace Law Center at http://www.cyberlaw.com. Prepare a report on recent developments in the area of international piracy and patent infringement. (b) Visit the web
Employees may send personal e-mails at work just as they may have personal phone conversations. Do employees have a right of privacy in the e-mails?Do employers have the right to monitor employee
Sportsman’s is a mail order company that is well known in the aviation field. It began using the logo“Sporty” in the 1960s and registered “Sporty’s” as a trademark in 1985. It spends
E-Data Corporation (“E-Data”) is a Utah corporation with a business office in Connecticut. West Stock, a Washington corporation with its principal place of business in Seattle, Washington,
The defendant in a recent case had put up a web site as a promotion for its upcoming Internet service.The service consisted of assigning users an electronic mailbox and then forwarding advertisements
Marobie released copyrighted clip art for use by the fire service industry. The National Association of Fire Equipment Distributors (NAFED) had a web page on which it placed Marobie’s clip art so
Review the website of the Asia-Pacific Economic Cooperation (APEC) to see the many different working groups, areas, and projects that it undertakes:http://www.apec.org.
Review the U.S. Model Bilateral Investment Treaty available at http://www.state.gov/documents/organization/188371.pdf.
Explain the difference between:a area development agreement b direct franchising c master franchise agreement d subfranchisee
What types of provisions should a franchisor negotiate to protect itself?
What factor should a franchisor consider in determining who, where, and how it should enter a franchise agreement?
What benefits does international franchising provide the franchisor and the franchisee?
How is international franchising different from purely domestic franchising? How is franchising different from licensing?
What are the key issues in establishing and operating an international joint venture?
What is the importance of bilateral investment treaties (BITs) to a party considering FDI?
What legal standards must a host country meet in expropriating (nationalizing) a foreign investment?
In what ways can a company mitigate the risks of FDI?
Have foreign regulations of FDI become more or less restrictive over the last few decades? Why?
What are the differences between the following:a Greenfield investment b merger and acquisition c joint ventures What are the advantages of each of these forms of foreign direct investment? What are
What role do international institutions play in the protection of FDI?
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