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Business Ethics and Corporate Social Responsibility

Business Ethics and Corporate Social Responsibility

What does it mean to be ethical? What companies uphold a higher ethical standard?

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Candice Nance

January 21, 2013
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Transcript

  1. BUS 100: CONTEMPORARY AMERICAN BUSINESS PROFESSOR NANCE 2/4/13

  2. ANNOUNCEMENTS •  Free trial due dates •  Homework each week

    in McGraw Hill’s Connect online •  All assignments posted are due •  Contact me if you are having issues with the homework •  Take a screenshot if possible •  Chapter 3 homework = 10 points (not 100 points)
  3. PART 1: BUSINESS IN A CHANGING WORLD Chapter 1 The

    Dynamics of Business and Economics Chapter 2 Business Ethics and Social Responsibility Chapter 3 Business in a Borderless World
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  5. GUEST LECTURER OZLEM YANKIN ECONOMICS

  6. BUSINESS ETHICS & SOCIAL RESPONSIBILITY CHAPTER 2

  7. WHAT DOES IT MEAN… ..to be ethical?

  8. BUSINESS ETHICS Principles and standards that determine acceptable conduct in

    business
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  10. ETHICAL ISSUE An identifiable problem, situation, or opportunity that requires

    a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical
  11. QUESTION: What is an example of an ethical issue that

    you may find at the workplace? Break into pairs & come up with one example to share with the class
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  13. SOCIAL RESPONSIBILITY A business’s obligation to maximize its positive impact

    and minimize its negative impact on society
  14. CODE OF ETHICS Formalized rules and standards that describe what

    a company expects of its employees
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  16. VIDEO: UNDERCOVER BOSS

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  18. BUSINESS IN A BORDERLESS WORLD CHAPTER 3

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  23. What are the world`s most valuable brands? 2011

  24. $96 billion

  25. $76 billion

  26. $71 billion

  27. $66 billion

  28. $63 billion

  29. $62 billion

  30. $61 billion

  31. $61 billion

  32. $60 billion

  33. $59 billion

  34. INDIVIDUAL EXERCISE Global Manufacturing Game Where is your stuff made?

  35. VIDEO: MADE IN AMERICA

  36. APPLE global example: #1

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  46. Photo courtesy of the Economist

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  49. global example: #2

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  51. VIDEO: MCDONALD’S WRAPPED CAMPAIGN

  52. THE SIMPSONS GLOBAL EXAMPLE #3

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  55. VIDEO: INDIA RISING

  56. INTERNATIONAL BUSINESS The buying, selling, and trading of goods and

    services across national boundaries
  57. OUTSOURCING The transferring of manufacturing or other tasks to countries

    where labor and supplies are less expensive
  58. INSOURCING A recent business trend that is the opposite of

    outsourcing; used to maintain control of critical production or competencies
  59. VIDEO: INSOURCING

  60. EXPORTING The sale of goods and services to foreign markets

  61. IMPORTING The purchase of goods and services from foreign sources

  62. INTERNATIONAL TRADE BARRIERS

  63. ECONOMIC BARRIERS •  Economic development •  i.e. infrastructure •  Exchange

    rates
  64. ETHICAL, LEGAL & POLITICAL BARRIERS •  Laws and regulations • 

    Tariffs and trade restrictions •  Exchange controls •  Quotas •  Embargos •  Political barriers
  65. SOCIAL & CULTURAL BARRIERS •  Can be in spoken or

    written form •  Scandinavian vacuum manufacturer Electrolux used the following in an American campaign: “Nothing sucks like an Electrolux” •  In Italy, a campaign for Schweppes Tonic Water translated into the name Schweppes Toilet Water
  66. VIDEO: Gestures Across Cultures

  67. TECHNOLOGICAL BARRIERS •  Lack of technical infrastructure in other countries

    like we are used to in the United States
  68. TRADE AGREEMENTS, ALLIANCES AND ORGANIZATIONS

  69. TRADE AGREEMENTS, ALLIANCES & ORGANIZATIONS 1.  General Agreement on Tariffs

    and Trade (GATT) 2.  The World Trade Organization (WTO) 3.  North American Free Trade Agreement (NAFTA) 4.  European Union (EU) 5.  Asia-Pacific Economic Cooperation (APEC) 6.  The World Bank 7.  International Monetary Fund (IMF)
  70. GROUP PRESENTATIONS Break into 5 groups & prepare a PowerPoint

    presentation to show to the class covering one of the following: 1.  General Agreement on Tariffs and Trade (GATT) & the World Trade Organization (WTO) 2.  North American Free Trade Agreement (NAFTA) 3.  European Union (EU) 4.  Asia-Pacific Economic Cooperation (APEC) 5.  The World Bank & International Monetary Fund (IMF) All members must stand up for the presentation, but not all have to speak. 3 minutes presenting per group. Write your group presentation notes on one piece of paper with everyone’s name on it.
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  73. ANNOUNCEMENTS •  Free trial due dates •  Homework each week

    in McGraw Hill’s Connect online •  All assignments posted are due •  Contact me if you are having issues with the homework •  Take a screenshot if possible •  Chapter 3 homework = 10 points (not 100 points)