Business Ethics and Corporate Social Responsibility

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

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
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
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
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
16. VIDEO: UNDERCOVER BOSS
18. BUSINESS IN A BORDERLESS WORLD CHAPTER 3
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
46. Photo courtesy of the Economist
49. global example: #2
51. VIDEO: MCDONALD’S WRAPPED CAMPAIGN
52. THE SIMPSONS GLOBAL EXAMPLE #3
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.
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)