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business ethics a stakeholder and issues
Business Ethics A Stakeholder And Issues Management Approach 7th Edition Joseph W. Weiss - Solutions
You are a staff associate at a major public accounting firm and graduated from college two years ago. You are working on an audit for a small, nonprofit religious publishing firm. After performing tests on the royalty payables system, you discover that for the past five years, the royalty payable
Refer to Figure 1.1 to identify how the Covid-19 virus has affected the other specific environments in which you live, study, and work. Explain how these influences, pressures, and opportunities affect you, and ask yourself how ethically you would like or are striving to be to accomplish your work
Covid-19 has had a devastating effect on the higher education system. It has had sweeping effects on every aspect of a university, especially on the ability to recruit and admit new students for the fall 2020 term. The purpose of this case is to understand the facts of how the pandemic was and is
Invent and state your own definition of “business ethics.” Do you believe that ethics is an important factor in business transactions today?If you were the CEO of a corporation, how would you communicate your perspective on the importance of ethics to your employees, customers, and other
Bernard L. Madoff, now a commonplace name and memory on Wall Street, to investors, and to business school students studying finance and ethics, was denied a compassionate release from prison. Madoff died in June 2021. This is a retelling of one of the largest, if not the largest, reported Ponzi
What are the three major ethical issues you face now in your work or student life? What is “ethical” about these issues?
Conduct your own small survey of two people regarding their opinions on the importance of unethical practices in businesses today. Do your interviewees give more importance to economic performance or socially irresponsible behavior? Or do they think other factors are more important Summarize your
You are giving a speech at an important community business association meeting. You are asked to give a presentation called “An Introduction to Business Ethics” for the members. Give an outline of your speech.
Cyberbullying is “when a child, preteen, or teen is tormented, threatened, harassed, humiliated, embarrassed, or otherwise targeted by another child, preteen, or teen using the Internet, interactive and digital technologies, or mobile phones” (National Crime Prevention Council, n.d.). Unlike
Identify some benefits of using a stakeholder approach in ethical decision making. How would using a stakeholder management approach help you plan and/or solve an ethical issue in your working life? Explain.
Explain how a major trend in the environment has affected your profession, job, or skills—as a professional or a student. Be specific. Are any ethical consequences involved, and has this trend affected you?
What is a myth? Which, if any, of the five business myths discussed in this chapter do you not accept as a myth (i.e., that you believe is true)? Explain.
Review Lawrence Kohlberg’s levels and stages of moral development. After careful consideration, briefly explain which stage, predominantly or characteristically, defines your ethical level of development. Explain. Has this stage influenced a recent decision you have made or action you have taken?
Identify one myth you had/have about business ethics. Where did it originate? Why is it a “myth”? What led you to abandon this myth, or do you still believe in it? Explain.
You are applying to a prestigious organization for an important, highly visible position. The application requires you to describe an ethical dilemma in your history and how you handled it. Describe the dilemma and your ethical position.
Identify three reasons presented in this chapter for using ethical reasoning in business situations. Which of these reasons do you find the most valid? The least valid? Explain.
Is the law sufficient to help managers and employees solve ethical dilemmas? Explain and offer an example from your own experiences or from a contemporary event.
What are some important distinctive characteristics of ethical problems? What distinguishes an ethical from a legal problem?
What (if any) specific attitudes, values, beliefs, or behaviors of yours do you think could be changed from an ethics course? Explain.
Identify and describe a specific belief or behavior of yours that you feel could be changed through taking a course in ethics.
Do you believe ethical dilemmas can be prevented and solved morally without the use of principles? Explain. Offer an example from a dilemma you recently experienced or currently are experiencing. Characterize the logic you used in thinking through or having made a decision. Compare the logic you
I was employed as a certified public accountant (CPA) for a regional accounting firm that specialized in audits of financial institutions and had many local clients. My responsibilities included supervising staff, collecting evidence to support financial statement assertions, and compiling work
Determined to compete with fuel-efficient Volkswagen and Japanese imports, the Ford Motor Company introduced the subcompact Pinto in the 1971 model year. Lee Iacocca, Ford’s president at the time, insisted that the Pinto weigh no more than 2,000 pounds and cost no more than $2,000. Even with
The French banking company Société Générale (“SocGen” or “the Company”) was founded on May 4, 1864. The bank has grown to serve 19.2 million individual customers in 76 countries. It employs 103,000 workers from 114 different nationalities. SocGen operates in three major businesses:
Why are creativity and moral imagination oftentimes necessary in preventing and resolving ethical dilemmas and “defining moments” of conflict in one’s workplace? Offer an example of an ethically questionable situation in which you had to creatively improvise to “do the right thing.”
Identify an instance when you thought ignorance absolved a person or group from moral responsibility. Then identify an example of a person or group failing to become fully informed about a moral situation. Under what conditions do you think individuals are morally responsible for their actions? Why?
What is a first step for addressing ethical dilemmas? What parts of this chapter would and could you use to complement or change your own decision-making methods?
For several years, ImClone, a biotechnology company, was a darling of Wall Street. Its stock price rose from less than $1 per share in 1994 to $72 a share in November 2001. “The whole time it was producing nothing for sale. It did generate some revenue through licensing agreements with other drug
With which of the four social responsibility business modes in the chapter do you most identify? Why? Name a company that reflects this orientation. Would you want to work for this company? Would you want to be part of the management team? Explain.
How can the discussion of personal-level ethical decision making, moral maturity, and Covey’s Moral Continuum assist you in addressing dilemmas in your life and work?
Select a corporate leader in the news who acted legally but immorally and one who acted illegally but morally. Explain the differences of the actions and behaviors in each of the two examples. What lessons do you take from your examples?
What single question is the most powerful for solving ethical dilemmas?
Select two organizations in the same industry that you are familiar with or that are in the media or online news, such as McDonald’s and Burger King, Toyota and General Motors, Alaska Airlines and American Airlines. Research some of the latest news items and activities about each company and its
What are two conditions that eliminate a person’s moral responsibility?
Return to the case you selected in question 4. Briefly explain which of the chapter’s five fundamental principles of ethical reasoning the leaders and/or major stakeholders you identified used and did not use in the case. Which ethical principle(s) would you recommend that they should have used?
What are some of the problems characteristic of cultural relativism? Offer an example in the news of a company that has acted unethically according to the perspective of cultural relativism.
Why is utilitarianism useful for conducting a stakeholder analysis? What are some of the problems with using this principle? Give an example of when you used utilitarianism to justify an ethically questionable action.
Briefly explain the categorical imperative. What does it force you, as a decision maker, to do when choosing an action in a moral dilemma?
Explain the difference between the principles of rights and justice. What are some of the strengths and weaknesses of each principle?
Which of the four social responsibility modes most accurately characterizes your college/university and place of work? Explain. Do your ethics and moral values agree with these organizations? Explain.
Briefly explain your ethical decision-making style as presented in the chapter.
How would you describe your level of moral maturity using Kohlberg’s stages?
What insights did you gain from Covey’s Moral Continuum with regard to your ethical decision-making activities? What are some connections between Covey’s and Kohlberg’s concepts and ethics?
Explain what ethical logic and actions people generally take to persuade you to do something that is ethically questionable. Refer to the ethical decision styles in the chapter.
Which of the ethical “quick tests” do you prefer? Why?
With regard to this chapter’s opening case, what, if anything, could BP’s CEO have done differently to have prevented and/or avoided the resulting fallout from the crisis? Explain.
The BP Deepwater Horizon spill is a multifaceted disaster that, despite popular opinion, cannot be explained by any one root cause. The April 20, 2010, oil spill was a point of crisis for oil giant BP, and CEO Tony Hayward faced a significant challenge in responding to this crisis.The events
I worked as a marketing manager in Belgium for a midsize engineering company. Total revenues for the company were $120 million. The company had recently gone public and, in two public offerings, had raised more than $60 million. The firm was organized into four distinct strategic business units,
Describe a situation in which you were a stakeholder. What was the issue? What were the stakes? Who were the other stakeholders? What was the outcome? Did you have a win–win resolution? If not, who won, who lost, and why?
One of humanity’s largest looming existential threats is climate change. Bill Gates, founder of Microsoft, predictor of an all-encompassing virus that turned out to be Covid-19, now predicts what he says—based on the “overwhelming majority of scientists”—is a “looming climate disaster
Briefly characterize the emerging competitive global business environment, and identify some of the forces that define it. Also, do you believe the Black Lives Matter and the MeToo movements in United States have influenced global business and international cultural environments? Explain.
Argue and defend your positions on the following statements:(a) The United States is already and will continue to lose its status as a central, pivotal global superpower, including its cultural and values influence, in the world in the next 10 to 20 years, if not sooner.(b) Censorship
You (Jane) are a 29-year-old single woman who has an MBA and has been working in your current marketing position for a year. Your firm recently opened a new pilot branch in a somewhat remote Russian location. The CEO of your company believes there are real growth opportunities for your firm’s
Imagine that every day you go to work you are exposed to toxic chemicals without having any protective clothing or safety training, and that the workplace has poor ventilation and poor fire safety. Suppose that you are subject to physical and verbal abuse at the hands of your employer and that
What is “globalization”? What are some of the forces driving this process?
Offer an example of and explain why one of your own values or an ethical standard you deeply believe in and follow might conflict with a different cultural or regional ethic in—for example, China, Russia, the Middle East, or the United States (if you are from a different culture). How flexible
You are attending a sexual-harassment training seminar for local managers in your company’s branch office in a Middle Eastern, predominantly Muslim, country. You were flown over with the trainers to observe their techniques and become familiar with the training materials because you, as a new
“The way we eat has changed more in the last 50 years than in the previous 10,000. But the image that’s used to sell the food, it is still the imagery of agrarian America.” In the grocery store we see labels picturing pastures and names of farms on the labels; in reality, however, it is a
What competencies do you (a) have and (b) need if you were to join—or are already working for—a global company in which you would spend time in different countries?
Evaluate and argue different sides of this statement: “McDonaldization is not a ‘bad’ thing. Everyone has a choice of what and how much to buy and consume. People are lucky to have a low-cost food option like McDonald’s.”
What differences, if any, in your ethical principles and morals do you believe you would have to adjust to in negotiating with other cultures (see Table 8.6)? Table 8.6 Four Typical Styles of International Ethical Decision Making/Negotiating Strategies with American, Japanese, Chinese, and
What adjustments to your values and ethical decision-making style have you had to make in teams in your own culture, and with others from different cultures in your studies and/or work? Explain.
What is the difference between a gift and a bribe? How would you, as a representative of your company, respond to the offer of a questionable bribe from an international government or business professional? Explain.
Does globalization result in cultural and economic homogenization (alikeness) through a heightened emphasis on consumerism, or is this an exaggeration? Explain and defend your position.
Do local and global values change as a result of international integration? Why or why not? If so, in what ways? Offer a few examples.
Do you believe that globalization “promotes the conversion of national economies into environmentally and socially harmful export-oriented systems for business competition” that is not in the best interests of consumers? Why or why not? Defend your position.
Explain what the “dark side” of globalization means to you. Offer some examples. Offer an additional issue that could be considered a dark side of globalization. After doing so, offer a realistic solution that could either eliminate, change, or transform the dark side of your issue.
Do you believe Facebook, TikTok, Twitter, and other such social networking sites are, will, or can promote more commonly shared values of people across cultures—knowing that some countries have their own such websites in their language? Explain.
Are you or have you thought about becoming a “social entrepreneur”? Do you believe this practice and movement can help make a difference in the world? Explain.
Explain the differences in perception and experience with regard to moral issues for (a) A host country viewing an MNE (b) An MNE viewing a host country. Which perspective are you more inclined to support or sympathize with? Why?
In a paragraph or list, describe dominant cultural characteristics of yourself as could be seen from another country or regional perspective. Include some of your core values. Then proceed to the next question.Using your description, what difficulties or misunderstandings, based only on your
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