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  1. www.hbs.edu · faculty · Shared DocumentsBusiness Ethics

    calling “business ethics in the broadest sense” today, even if most scholars of business ethics could be said to assume as a starting point the basic legitimacy of private-sector markets for goods, services, labor, and capital, along with the legitimacy of government regulation of such markets.

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  2. To understand business ethics, it is necessary to know its important characteristics. These are: (i) A Discipline: Business ethics are the guiding principles of business function. It is the knowledge through which human behavior is learnt in a business situation. (ii) Ancient Concept: Business ethics is an ancient concept. It has it origin with

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  3. Introducing Business Ethics. n Provide a basic introduction and definition of business ethics. n Outline the relationship between business ethics and the law. n Distinguish between ethics, morality, and ethical theory. n Discuss the importance of business ethics at both an academic level and in terms of practical management in organizations.

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    • CLASSROOM APPLICATIONS
    • PRELIMINARY LESSON PLANNING
    • (approximately 15-20 minutes)
    • (approximately 40-45 minutes)
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    • INTERNET RESOURCES
    • Case Study
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    • HANDOUT #3
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    Language classes are places in which interesting activities and discussions can lead to better understanding of ethics in business. In order to understand the importance of principles in business ethics, students work together using materials that are valuable for learning and interesting.

    Materials: Prepare copies of these for all students: Principles of International Business Ethics and x x Case Study newsprint, poster board or other large paper markers Learning Groups: Though individualized assignments and tasks can be effective learning contexts, research shows that classroom interaction on topics of high interest results in more...

    Goals: To involve students in the topic To teach new vocabulary To gain background information on the topic To create an atmosphere of trust to discuss a sensitive and very important topic Procedures: Warm up for Activity #1: Write a Code of Conduct for your school or company. 7HOO VWXGHQWV WKDW WRGD\·V OHVVRQ ZLOO EH RQ WKH JHQHUDO WRSLF RI %XVLQH...

    Goals: To use English in meaningful ways To introduce Principles of International Business Ethics To provide meaningful contexts for using new vocabulary and (often somewhat under-used) grammatical structures Procedures: Have students read the Principles of International Business Ethics. Have each student or group of students select one principle t...

    Goals To use English correctly in meaningful ways To describe gift-giving practices and the ethical implications of those in international business settings To improve vocabulary skills Procedures: Warm up for Activity #2: Discuss gift-giving practices, since those are carried out in the VWXGHQWV· ZRUN RU VFKRRO HQYLURQPHQW Teacher describes a gi...

    Goals: 7R EXLOG RQ DQ DWPRVSKHUH RI WUXVW DQG UHVSHFW IRU RWKHUV· LGHDV To close the lesson Procedures: Summarize what we have done. Be certain to include another verbal listing of the Principles of International Business Ethics. Ask students to choose one of the Principles and discuss a way in which he/she might address it in his/her work/school l...

    The Internet resources listed below provide useful information to those wishing to know more about whistleblowing. The sites marked with an asterisk (*) point visitors to other web sites on the same topic. x http://www.whistleblowing.org Blowing the Whistle This site is the only electronic communication tool by and for those who are actual whistl...

    Grady is the president of an engineering firm. The firm is negotiating a contract in another country. The engineering firm has not previously worked in this country. A high-ranking official in this country tells Grady that it is an established and legal custom to give personal gifts to officials who are authorized to award contracts. This official ...

    contract. If Grady does not comply, the government will also be less cooperative in the completion of the first contract. Grady learns that other firms have given such gifts to officials. Adapted from NSPE Case and BER Judgment, summarized at http://temp.onlineethics.org/cases/nspe/index.html (BackBack to Classroom Activity #2) ZY

    Handout #3: Questionnaire on the Ethics of Gift Giving Practices Answer the following questions by yourself; then discuss them with your teacher or a partner. SA = Strongly Agree = Agree NS = Not Sure = Disagree SD = Strongly Disagree ___ There should be no international code of ethics on gift giving. ___ Decisions about gift giving are best left t...

    Handout #4: Comprehension Questions for use with Case Study Circle the correct answer to each question: What happened to Grady? He was told to give a gift to an official. His wallet was stolen. The president of the company wanted a gift. He found out it was illegal to give gifts. What did the official say? Give a gift to the president. Give a...

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  4. Welcome to Business Ethics! So, a business is any organization or entity whose primary objective is to provide goods or services for profit. Meanwhile, Ethics is the study of morality. In short, in this class, we’ll be assessing the moral status of the sorts of decisions that are made in the context of buying and selling goods and services.

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  5. This updated introduction to business ethics offers a clear and accessible framework for understanding the important and complex ethical issues facing business in the contemporary world.

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  7. Meaning and definition of business ethics. Nature of business ethics. Need for business ethics. Sources of business ethics. Basic underlying principles of business ethics. Factors influencing business ethics. Importance of business ethics. Features of business ethics. Three R’s of business ethics.

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