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business
business ethics
Questions and Answers of
Business Ethics
How did you reach your decision? What key facts do you need to know in order to judge a firm's actions or your complicity in them by supporting a firm with your purchases or other choices?
1. What is your overall perspective on CSR after reviewing this chapter? If market forces do not encourage responsibility for social causes, should a firm engage in this behavior? Does social
In what ways does Grameen Bank differ from other for-profit businesses? Can you think of other for-profits that parallel Grameen in its business model?
Does Grameen provide lessons for other for-profit businesses? Is there a greater market than normally thought among the world's poor for other corporate products and services?
What role, if any, do you think that the prominence of women as Grameen's consumers has played in this success?
In what ways can Grameen serve as a model for other social entrepreneurs?
What barriers might prevent this model from being generalized?
To what degree do you think that the micro-lending practices of Grameen can be replicated in other places?
8. Evaluate the claims that CSR is “good” for business.
7. Explain the role of reputation management as motivation behind CSR.
6. Describe and evaluate the integrative model of corporate social responsibility.
5. Describe and evaluate the social web model of corporate social responsibility.
4. Describe and evaluate the philanthropic model of corporate social responsibility .
3. Distinguish key components of the term responsibility.
2. Describe and evaluate the economic model of corporate social responsibility.
1. Defi ne corporate social responsibility.
13. Identify an industry in which you would like to work, and choose a company for whom you would like to work, ideally. Use the company's Web site to learn about their core values and culture in
12. With regard to employee recognition in the work place, what effects would a program like "employee of the month" have on the corporate culture, and what factors might lead I you to recommend it
11. 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
10. A large U.S.-based corporation has decided to develop a mission statement and then conduct training on a new ethics program. It engages you to assist in these endeavors. What activities would you
9. Wasta is the term used in the United Arab Emirates (UAE) for favoritism. In the UAE, it is a highly valued element of the culture. In fict, while nepotism might be kept under wraps or discussed in
8. You are aware of inappropriate behavior and violations of your firm's code of conduct throughout your operation. In an effort to support a collegial and supportive atmos- phere, however, you do
7. Assume you have a number of suppliers for your global apparel business. You have in place a code of conduct both for your workplace and for your suppliers. Each time you visit a particular
6. What are some of the greatest benefits and hazardous costs of compliance-based cultures?
5. One element that surely impacts a firm's culture is its employee population. While a corporate culture can shape an employee's attitudes and habits, it will do so more easily if people who have
4. Now that you have an understanding of corporate culture and the variables that impact it, how would you characterize an ethically effective culture, one that would effectively lead to a profitable
3. You will need to draft a memorandum to your chief executive identifying the value of a triple bottom line approach, which would represent an enormous shift from the firm's current orientation.
2. Consider how you evaluate whether a firm is "one of the good guys" or not. What are some of the factors you use to make this determination? Do you actually know the facts behind each of those
1. To help understand an organizational culture, think about some organization to which you belong. Does your company, school, or fraternity/sorority have its own culture?How would you describe it?
How can you act in order to ensure the most positive results? How will you measure those results or determine your success? Will you measure inputs or outcomes, responsibilities, and rights?
What stakeholders would be involved in your suggestion in response to the previous question? How might the different stakeholder groups be impacted by your decision on this process?
What will be the most effective means by which to alter this culture?
How might you go about defining the culture of your unit so that employees might be able to understand your concerns?
What are the ethical issues involved in striving to define or impact the culture of a unit?
9. Explain how culture can be enforced via governmental regulation.
8. Discuss the role of assessing, monitoring, and auditing the culture and ethics program.
7. Explain how various reporting mechanisms such as ethics hotlines and ombudsmen can help integrate ethics within a firm.
6. Discuss the role of mission statements and codes in creating an ethical corporate culture.
5. Explain the difference between effective leaders and ethical leaders.
4. Discuss the role of corporate leadership in establishing the culture.
3. Discuss the differences between a compliance-based culture and a values-based culture.
2. Explain how corporate culture impacts ethical decision making.
1. Define corporate culture.
How will you answer the CEO's questions about her own role in promoting ethics?
What are the interests of your stakeholders in your program and what are the impacts of your program on each stakeholder? How might the measurement of the program's success influence the type of
Who will you define as your primary stakeholders?
How would you measure success along the way? How will you measure whether your ethics program is "working" before you reach any end objective?
How will you define "success"? Are there any facts that you will need to gather to make this judgment?
Other than a code of ethics, what other elements would you include in an ethics program?
List the issues you think should be addressed in a code of ethics.
9. The right of private property is often described as a "bundle" of rights. What rights are involved in ownership of property?
8. Do people have a right to do whatever they want? If not, in what sense can people have a right to liberty or personal freedom?
7. Some political philosophers understand the ethical foundations of legislatures to be utilitarian, while the ethical foundation of the judiciary is deontological. How would you explain this
6. Why might the political goal of economic growth be considered a utilitarian goal?
5. Do an Internet search on international human rights and/or fundamental moral rights.Can you make the argument that any moral rights are universally acknowledged?
4. Are there some ethical values or principles that you believe are relative to one's own culture, religion, or personal opinion? Are there some that you believe are not? What makes them different?
3. What ethical issues or dilemmas have you ever experienced in the workplace?How were they resolved? Are there any ethical issues or dilemmas presently being discussed at your school?
2. What makes a decision or issue ethical? How would you explain the differences between ethical/non-ethical, and ethical/unethical?Ethical Ethics and Business
1. Using the distinction between theoretical reason and practical reason introduced in chapter 1, identify which of your other business courses have practical goals. Which courses aim to help student
What might serve as an alternative to government regulations? Can professional codes and standards play a role?
Other than the industry regulated, who are some other stakeholders that might be affected by government regulation?
What values support a policy of deregulation? What values count against it?
How would you decide if a regulation is successful? A failure?
What facts are relevant in answering this question? Does it depend on the type of regulation or the industry being regulated?
If reasoning and logical persuasion do not work, how else could this dispute be resolved?
What consequences would this professor’s practice have on education?
What reasons would you offer to the dean in an appeal to have the grade changed?
Besides you and your teacher, are there any other stakeholders—people who are or should be involved in this situation?
What alternatives are available to you?
What values are involved in this dispute?
Are there any relevant facts on which you would rely to support your claim?
If not, how would you defend your own, opposing view?
Would you accept this explanation and be content with your failing grade?
8. Explain several challenges to deontological ethics.
7. Distinguish moral rights from legal rights.
6. Explain the concept of human rights and how they are relevant to business.
5. Explain principle-based, or deontological ethical theories.
4. Explain some challenges to utilitarian decision making.
3. Explain how the free market is thought to serve the utilitarian goal of maximizing the overall good.
2. Describe how utilitarian thinking underlies economic and business decision making.
Is executive compensation purely a private matter between an employer and employee, or should it be a matter of public concern and government policy?
During the presidential debates in October 2008, then-candidate Barack Obama said that "the Treasury should demand that money back and those executives should be fired." Do you agree?
Do you agree with Liddy that they were "distasteful"? Is this judgment a matter of personal opinion and taste, or is it instead a reasonable and objective judgment?Who are the stakeholders in the
Do you think the employees deserved the bonuses?How would you judge whether or not the bonuses were effective incentives?
Do you agree that AIG had an obligation to pay the bonuses? How strong is the duty to fulfill a contract, even one requiring payment of such bonuses?When should a contract be overridden by other
Are there any facts that you would want to know before making a judgment?What alternatives to paying the bonuses would have been available to Edward Liddy?(continued)
How would you describe the bonuses paid to AIG executives in March of 2009?Is it an ethical issue at all? Why or why not?
10. Bernard Madoff ran a Ponzi Scheme for nearly two decades. Many have questioned how he got away with it for such a long time. Explain the role that nor mative myopia might have played in the
9. Lisa is trying to raise funds to support the creation of a free clinic in a poor neighborhood in her hometown. She has been trying very hard, but she has not been able to raise enough money to get
8. As a class exercise, write a brief account of an y unethical or ethically questionable experience you have witnessed in a work context. Read and discuss the examples in class, keeping the authors
7. Describe an event or decision that you would judge to be clearly unethical. Can you imagine any circumstances in which it would be ethical? Can you imagine a situation in which you yourself would
6. How can y our global f rm best ensure that it is taking into account the perceptual differences that may exist as a result of di verse cultures, religions, ethnicities, and other factors when
5. Describe the qualities you believe are necessary in an "ethical leader." Provide sup- port for y our contentions and e xplain why a leader should display these qualities in order to be considered
4. Your CEO recognizes you as ha ving extraordinary skills in decision making and communications, so she asks for guidance on how to best communicate her plans for an imminent reduction in force.
3. What issue, challenge, or idea do you care about most in the world? Share it in a brief essay, then convince your reader why it is so important that she or he should also care about that issue to
2. Identify an activity that is outside of your "zone of comfort"; in other words, do something that you might not otherwise do, experience something that you might not otherwise experience, because
1. Consider your own personal values and explain where they originated. Can you pinpoint their derivation? To what degree have you chosen your own values? To what degree are your own values products
4. Explore the impact of managerial roles on the nature of our decision making.
3. Explain the reasons why “good” people might engage in unethical behavior.
2. Apply this model to ethical decision points.
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