What would stakeholders think?

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Presentation transcript:

What would stakeholders think? But Is this wrong?

The only way is ethics….

Be able to define what ethics mean Analyse business decisions – are they ethical or not Justify questionable ethical decisions

Word association Ethics What words would you associate (link) with the term ethics? Ethics

Word association Ethics What words would you associate (link) with the term ethics? Ethics Right Wrong Moral Legal /illegal values Principles

How moral are you?

How high are your morals? Imagine you are at Uni and a friend works behind the Uni bar and they always serve you quickly all the time. Anything wrong with this? After Christmas, s/he is not happy in the job (long hours, seeing everyone else having fun, while their working, and boss getting bossier!) You start to notice that the friend undercharges you. DO YOU SAY ANYTHING? DO YOU MANIPULATE THE SITUATION? Would you offer to get the rounds in for others who pay? Would you always ‘set’ the time so that it’s always ‘this’ friend serving when its your round? To what extent is this morally wrong At what stage does the scenario change from moral to legal concerns? Would you stop your friend from this error? When? Would you tell the boss? How high are your morals? Remember that this is fraud and stealing!

Be able to define what ethics mean Analyse business decisions – are they ethical or not Justify questionable ethical decisions

In your groups…… Look at the business action cards You need to rank the cards from most ethical to least ethical Note down reasons for your decision In your groups……

Compare, Reflect and Consolidate Swap groups Share and discuss your rankings Would anyone change their order? Compare, Reflect and Consolidate

Be able to define what ethics mean Analyse business decisions – are they ethical or not Justify questionable ethical decisions

You must assume the role of the CEO Prepare a one minute justification of your business action to be presented to the rest of the class Devils Advocate

“Good ethics is good business” Do you agree?

Be able to define what ethics mean Analyse business decisions – are they ethical or not Justify questionable ethical decisions