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business
understanding business ethics
Business Ethics: A Stakeholder And Issues Management Approach (BK Business) 6th Edition Joseph W. Weiss (Author) - Solutions
Identify some of the major stakeholders and issues using your answers and fi ndings in the above questions, and this case. After reviewing the major stakeholders’ interests, arguments, and facts regarding these issues, what did you discover? What and whose arguments and information did you fi nd
Watch the online video College, Inc. produced by PBS. Evaluate PBS’s role in making the video and its content. Is this a fair, objective account of for- profi ts?Why? If not, what information is needed in the video? Explain your reasoning.
What are the main issues in this case with the for- profi t higher university and college education sector?
Describe the ethical principles (or reasoning) you used in your answer to question 3.
What would you have done in this situation before the executive took a decision to fund the sister’s program if you had been this project manager? Explain.
Is this a serious confl ict of interest or just a “business as usual” situation? Explain.
What exactly is the confl ict of interest here?
Find a recent article discussing an innovative way in which a corporation is helping the environment. Explain why the method is innovative and whether you believe the method will really help the environment or will only help the company promote its image as a good citizen.
Find a recent article discussing the environmental damage caused by a corporation’s activities. Recommend methods the fi rm in the article should employ to reduce harmful effects on the environment.
Do you believe cigarette, cigar, and pipe smoking should be banned from all public places where passive smoking can affect nonsmokers? Explain. Use the following (or other) web sites to argue your position: http:// www .cdc .gov;http:// www.tobacco.org; http:// www .thetruth.com; http:// www
Can you think of an instance when you or someone you know was affected by corporate negligence in terms of product safety standards? If so, did you or the person communicate the problem to the company? Was any action taken regarding the defective product? Explain.
In a paragraph, explain your opinion of whether the advertising industry requires regulation.
Identify a recent example of a corporation accused of false or deceitful advertising.How did it justify the claims made in its ad? Do you agree or disagree with the claims? Explain.
Evaluate and comment on this statement: “North American and Eu ro pe an countries have created waste, pollution, and environmental devastation for de cades, even centuries. Is it fair that countries like China and India should have the same sanctions now regarding their use of technologies,
Do you believe the environment is in trouble from climate change and global warming, or do you believe this is “hype” from the press and scientists?Explain.
What constitutes “unreasonable risk” concerning the safety of a product?Identify considerations that defi ne the safety of a product from an ethical perspective.
Where does the liability of a company end and the responsibility of consumers begin for products? Explain your answer as you defi ne this question more specifi cally.
Identify some problems associated with the free- market theory of corporate responsibility (discussed in Chapter 4) for consumers? Compare this view with the social contract and stakeholder perspectives (also discussed in Chapter 4) of corporate social responsibility.
What ethical principles of advertising apply to consumers in all cultures and countries? Explain.
What advertisements— and where do these appear (TV, Internet, print)— do you fi nd “unethical” but legal? Explain.
Is the Google Books idea fundamentally wrong? Why or why not? What potential benefi ts does it have to society?
Do you think Google’s strong brand recognition and size allows it to get away with more than other companies or individuals? Why or why not?
If you were Google, would you have asked for permission prior to posting books or posted them and then asked for forgiveness when necessary?Explain. How does this refl ect your personal ethics?
What control should authors have over the access to their works online?
In your opinion, should Google be allowed to copy books and post them online without the explicit knowledge and/or permission of the authors? Why or why not?
What ethical and social responsibility lessons can you offer from this case and the aftermath? Explain.
Do the ends justify the means in this case, as it turns out? Explain and offer evidence.
Who paid and at what “price” for the fi nancial/economic and social costs of the transactions and results of transactions here?
Who, if anyone, was to blame for the illegal actions taken in this case and why or why not?
Was Goldman Sachs just taking advantage of a situational opportunity in the marketplace in this case? Explain and justify your answer.
What do research results from the updated study in the article show?
Why is conscious capitalism not just a theory?
What does ethics have to do with conscious capitalism as presented by Mackey and Sisodia?
What are the basic principles and tenets of Mackey and Sisodia’s book and the conscious capitalism movement that make it different from other related movements and similar topics?
Why are the reasons conscious capitalism resurfaced an important topic in the press?
Compare and contrast your personal ethics with the company ethics revealed here.
Describe the ethics of this company.
React to the comment, “Do you think every business does its work and makes profi ts in a purely ethical way? Get real. I don’t know what they’re teaching you in college, but this is the real world.” Do you agree or disagree? Why?
What would you have done in the writer’s situation? Explain.
What is the dilemma here, or isn’t there one?
Find a recent article discussing an innovative way in which a corporation is helping the environment. Explain why the method is innovative, and whether you believe the method will actually help the environment or simply help the company promote its image as a good citizen. Use parts of this chapter
A large company has invited you to join in a discussion with their legal and human resource offi cers about integrating ethics into and between their departments.They want your ideas. Use Figure 4.2 and any other ideas from this and previous chapters to outline what you would contribute. Write up a
You have been invited as a student who has studied business ethics to present a case to a CEO, CFO, and ethics offi cer of a mid- size fi rm wanting to be Sarbanes- Oxley compliant. You have been asked to discuss and help them argue the pros and cons of implementing this law. Lay out your approach
If you were consulting with a large corporation’s executive team and were asked to talk about how that team could think about a social contract including stakeholder management reasoning, what would you recommend? Write down your advice.
Outline some steps you would recommend for preventing future corporate scandals like Enron, WorldCom, and the subprime lending crisis based on the contents of this chapter.
In this chapter’s opening case, why do you think it took such a large- scale security breach for TJX to start a serious corporate “ethics” program?
If you had to select either the legal/compliance (“stick”) approach or the voluntary/ethical compliance (“carrot”) approach toward running a corporation, which would you choose, and why? What would be likely consequences (positive and negative) of your choice? Explain.
What is the free- market theory of corporate responsibility, and what are some of the problems associated with this view? Compare this view with the social contract and stakeholder perspectives of CSR.
Do you believe the covenantal ethic and social contract views are realistic for large organizations like Bank of America, JPMorgan, ExxonMobil, and Citibank, or federal agencies like the FTC and the Department of Defense? Why or why not? Explain.
What was your score on the “Rank Your Or ga ni za tion’s Reputation” quiz in Ethical Insight 4.3? After reading previous chapters in this book, how would you describe the “ethics” of your or ga ni za tion, university, or college toward its customers and stakeholders? Explain.
After reading the Johns Manville and Exxon Valdez summaries, identify some ways these crises could have been (1) avoided and (2) managed more responsibly after they occurred.
Which of the corporate crises summarized at the end of the chapter were you unfamiliar with? Do you believe these crises represent “business as usual” or serious breakdowns in a company’s system? Why?
Are the 2004 Revised Federal Sentencing Guidelines, in your opinion, helpful to or gan i za tion al leaders and boards of directors in promoting more ethical behavior? Explain. What other actions, policies, or procedures would you recommend?
Do you believe that the Sarbanes- Oxley Act is not needed? Explain or offer a different argument.
Identify a company or or ga ni za tion in the media or with which you are familiar that operates ethically. What are the reasons this company/or ga ni za tion is ethical? (You may refer to the leadership, management, products, or ser vices of the or ga ni za tion.)
How does the outcome of Rhonda Jones’ case affect employers? Is there now a fair balance between the Title II GINA law and employers? Explain.
Explain your position on the issue of ge ne tic testing by employers.
Explain the ethical principle(s) that could be used to (a) argue against ge ne tic testing of employees and (b) argue for ge ne tic testing.
Who would benefi t and who would be at risk if ge ne tic testing and the results of such tests were legal and could be required of employees? Explain.
What is ge ne tic discrimination, and why is it an issue?
Is it ethical that Mattel is partially exempt from the Consumer Product Safety Improvement Act of 2008? What signal and impact would this exemption send to and have on the industry?
Which issues management framework would you suggest to best explain this case? Why?
Was there a prodromal (precrisis) phase in this case? If so, identify this stage and the event(s) that explain it.
Do you think cross- cultural dynamics and misunderstandings played a role in the resulting problems in the case? Explain.
What are the ethical issues in the case, and for whom?
Identify the major stakeholders in the case. Who was responsible for what went wrong and why?
Do companies like BP should have an ethical responsibility to protect the environment? Why or why not?
How did BP’s corporate strategy affect its ethical decision making?
What responsibility did BP’s partners and oversight agencies like OSHA have in the crisis?
What actions could/should BP management have taken in response to the many early warning signs? Did the “in action” of BP demonstrate the company’s ethics? Explain.
Evaluate BP’s corporate culture from an ethical standpoint. What role did top management have in shaping that culture?
Who and what factors were responsible for the Deepwater Horizon Oil Spill?
What should management have done in this case? When? Why?
Explain what you would have done, and why, if you had been in the writer’s situation.
Did management have the right to withhold this information from customers?Explain.
Do you agree with the writer’s decision to inform customers about the strike?Explain.
Describe a recent crisis that involved a product. Which phase of the crisis management model do you believe is the most important for all involved stakeholders? Explain.
Describe a complex issue that is evolving in the news or media. Explain how the issue has evolved into other issues. Which issues management framework would help track the evolution of this issue? Explain.
Choose one type of functional area manager described in the chapter. Describe a dilemma involving this manager, taken from a recent media report.Discuss how a stakeholder analysis could have helped or would help that manager work effectively with stakeholders.
In your company or or ga ni za tion, or one in which you have worked, what is the industry? The major external environments? Your product or ser vice? Describe the major infl uences of each environment on your company (for example, on its competitiveness and ability to survive). Evaluate how well
Recall your personal work history. Who were your manager’s most important stakeholders? What, in general, were your manager’s major stakes in his or her par tic u lar position?
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?
Argue both the pros and cons of stakeholder theory, using some of the arguments in the chapter as well as your own. What is your evaluation of the usefulness of the stakeholder management approach in understanding and analyzing complex issues?
Using Figure 3.4, identify a complex issue- related controversy or situation in which you, as a stakeholder, were persuaded to move from one position (cell)to another and why— for example, from Nonsupportive to Supportive, or from Mixed Blessing to Marginal. Explain why you moved and what the
Describe how you would feel and what actions you would take if you worked in a company and saw a potential crisis emerging at the prodromal or precrisis stage. What would you say, to whom, and why?
Give a recent example of a corporation that had to publicly manage a crisis.Did the company spokesperson respond effectively to stakeholders regarding the crisis? What should the company have done differently in its handling of the crisis?
What reasons would you offer for encouraging leaders and/or managers to use the stakeholder approach? Would these reasons apply to teams?
Which roles and responsibilities in this chapter have you assumed in an or gani za tion? What pressures did you experience in that role that presented ethical dilemmas or issues for you? Explain.
Which of the types of power (described in this chapter) that stakeholders can use have you effectively used in a confl ict or disagreement over a complex issue? Briefl y explain the outcome and evaluate your use(s) of power.
Briefl y describe a dispute in which you were an important stakeholder. How was the situation resolved (or not resolved)? What methods were used to resolve the situation? Looking back now, what methods could or should have been used to resolve that situation? For example, what would you now
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 fall- out from the crisis? Explain.
What are the lessons students in accounting, business, and or gan i za tion al studies fi elds can take away from this case?
Explain how a stakeholder and issues analysis can help you understand this case.
Compare your personal and professional ethics to Kerviel’s.
Describe what you believe to have been Kerviel’s personal and professional ethics. Use the terms from this chapter as well as your own reasoning.
Should other individuals and the bank be held legally responsible and liable for Kerviel’s actions? Why or why not? Explain.
Is Kerviel the only guilty one in this case with regard to his actions? Also, does the punishment fi t the crime in this case? Explain both of your answers.
Describe the four key decision- making lessons that Gioia identifi es for neophyte decision makers. Discuss how you expect or intend to use these four lessons in your own career.
If you had been in Gioia’s position, what would you have done? Why?
How can or gan i za tion al context infl uence the decisions made by or gan i zation al members?
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