1. Ethical and Legal Response to Change in the Workforce

2. How many movies can you think of about unethical businesses?

3. Any Given Sunday Erin Brockovich The Insider Jerry Maguire Monsters, Inc. The Rainmaker Wall Street Enron: The Smartest Guys in the Room Supersize me Brassed Off The Full Monty Sicko Blood Diamonds…

4. Ford Pinto Manufacturing defect led to an explosion in certain rear-end collisions Ford refused to acknowledge defect or modify vehicle

5. Costs –Expected Costs of producing the Pinto with fuel tank modifications: Expected unit sales: 11 million vehicles (includes utility vehicles built on same chassis) Modification costs per unit: $11.00 Total Cost: $121 million [= 11,000,000 vehicles x $11.00 per unit]

6. –Expected Costs of producing the Pinto without fuel tank modifications: Expected accident results (assuming 2100 accidents): 180 burn deaths 180 serious burn injuries 2100 burned out vehicles Unit costs of accident results (assuming out of court settlements): $200,000 per burn death* $67,000 per serious injury $700 per burned out vehicle Total Costs: $49.53 million [= (180 deaths x $200k) + (180 injuries x $67k) + (2100 vehicles x $700 per vehicle)]

7. What is Corporate Social Responsibility? CSR refers to organisations taking responsibility for the impact of its activities upon its employees, customers, community and the environment. It is often used in the context of voluntary improvement commitments and performance reporting.

8. Companies need to consider: –international human rights –labour and –environmental standards and –compliance with legal requirements within its operations –its relations to the societies and communities where it operates.

9. CSR involves commitment to contribute to the economic, environmental and social sustainability of communities through the on-going engagement of stakeholders the active participation of communities impacted by company activities the public reporting of company policies and performance in the economic, environmental and social arenas.

11. http://www.businessweek.com/mediacenter/qt/podcasts/cover_stories/covercast_01_18_07.mp3 Questions: 1.How are businesses becoming more socially and environmentally responsible? 2.Why do businesses want to be good? 3.What are specific examples of how CSR might help a company’s bottom line? 4.Do you think all this talk is just a PR exercise? Why?

12. The Business Logic of Sustainability: http://www.ted.com/talks/ray_anderson_on_t he_business_logic_of_sustainability.html