1. Business & Society ETLW: 302

2. The questions we ask How should we live our lives? What kind of person should I be?

3. How do you define ethics?  What are they?  Where do they come from?  How do they apply in business?  Are they important?

4. The Meaning of Ethics  Ethics A conception of right and wrong conduct. It tells us whether our behavior is moral or immoral with fundamental human relationships  Business ethics The application of general ethical ideas to business behavior

5. What are the most important ethical issues in the business world today?

6. Topics  Individuals: Ethical decision making, stakeholders  Organizations: Culture, diversity, regulation, public issues, CSR, sustainability  The world: globalization, Base of the Pyramid, Social Business

7. Syllabus  BE ON TIME  Email me if you aren’t going to be here  No, you can’t make up missed assignments

8. What this class doesn’t do  Tell you what’s right or wrong  Give you the answers

9. What this class does  Forces you to engage and be active  Makes you think for yourself

10. We need ethics…right?

12. T. L. CeranicBusiness & Society (ETLW 302) YES!

13. T. L. CeranicBusiness & Society (ETLW 302)

14. The Smell test…

15. Good ethics = good business!

16. Built to Last  “Truly exceptional and enduring companies all placed great emphasis on a set of core values.” “Essential and enduring tenants.” “Not to be compromised for financial gain or short- term expediency.”  Without specific values, the only value is profit.

17. Why do Ethical Problems Occur?  Personal gain/selfish interestgain/selfish  Competitive pressures on profits  Battle between business goals and personal goals  Cross-cultural contradictions

18. Let’s Get Ethical!

19. For Next Class  Read How to identify an ethical issue Parable of the Sadhu Student Privileges with Strings Attached  Complete the Ethical Lens Inventory