Business EthicsMid-term Review Dr. Barbara Lyon, SPHR (Note: Be sure to check the after-the-game review items located at the end of this slide show.)
Show what you know! BE SWYK!
SWYK Instructions • Each contestant will choose a category. (Ex: I’ll take FLSA for $200) • Response must be in the form of a question. (Ex: What are the overtime exemption categories?) • Kick it up a notch with SWYK Kick items by choosing to double the value posted on the game board. • The three contestants with the largest amount in their $WYK CA$H Pot will play… SWYK SHOWDOWN!
SWYK Board Instructions • Select a category on the main game board (slide 4). • On the main game board, click on the dollar amount of the item chosen. The item will appear on a separate slide. • To reveal the correct response, click in the blue space under the question. • To return to the main game board, click on the yellow arrow/box.
Business Ethics Ethics Laws/ Institution Ethical Leadership What’s at Stake? Emerging Issues $100 $100 $100 $100 $100 $500 $500 $500 $500 $500 $1000 $1000 $1000 $1000 $1000 $2000 $2000 $2000 $2000 $2000 $5000 $5000 $5000 $5000 $5000
A:This is an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact. Q: What is social responsibility? ($1.00)
A:This step refers to abiding by all laws and government regulations. Q: What is legal? ($5.00)
A: This step refers to maximizing stakeholder wealth and/or value. Q: What is economic? ($10.00)
A: This step follows standards of acceptable behavior as judged by stakeholders. Q:What is ethical? ($20.00)
A: The top step of social responsibility, this step refers to giving back to society. Q: What is philanthropic? ($50.00)
A: This group includes customers, investors, shareholders, employees, suppliers, government agencies, communities and others who have a stake in some aspect of a company. Q: What are stakeholders? ($1.00)
SWYK KICK A:This is described as one of an organization’s greatest intangible assets with tangible value. Q: What is reputation? ($5.00)
A:These stakeholders are not essential for a company’s survivor, as they do not typically engage in transactions with the company. Q:What are secondary ($10.00)stakeholders?
A:This is founded in classic economic precepts, including the goal of maximizing wealth for investors and owners. Q: What is the stakeholder ($20.00)model of corporate governance?
A: In this, there are two-way relationships between the firm and a host of stakeholders. Q: What is a stakeholder ($50.00)interaction model?
A: This is any purposeful communication that deceives, manipulates or conceals facts in order to create a false impression. Q: What is fraud? ($1.00)
A: Laws such as the Copyright Act of 1976 were designed to protect this. Q: What is intellectual property? ($5.00)
A: This may be violated by discrimination based on gender, such as sexual harassment. Q: What is Title VII of the ($10.00)Civil Rights Act of 1964?
A: This international treaty is concerned with global warning and is committed to reducing the emissions of greenhouse gasses. Q: What is the Kyoto Protocol? ($20.00)
SWYK KICK A: This commission can bring cases to court on behalf of employees who face discrimination based on gender, race, religion, etc. Q: What is the Equal Employment ($50.00)Opportunity Commission (EEOC)?
A: This agency was created to coordinate environmental agencies involved in enforcing the nation’s environmental laws. Q: What is the Environmental ($1.00)Protection Agency (EPA)?
A: This type of law defines the rights and duties of individuals and organizations (including businesses). Q: What is civil law? ($5.00)
A: These laws have been passed to prevent the establishment of monopolies and other practices that reduce or restrict competition. Q: What is pro-competitive legislation? ($10.00)
A: This law requires corporations to establish codes of ethics for financial reporting. Q: What is the Sarbanes-Oxley Act? ($20.00)
A: This board monitors accounting firms that audit public corporations. Q: What is the Public Company ($50.00)Accounting Oversight Board?
A: These are those who have influence in a work group, including peers, managers, coworkers and subordinates. Q: Who are significant others? ($1.00)
A: This characteristic related to a person’s perception of social pressures and the harm the decision will have on others. Q: What is moral intensity? ($5.00)
A: This type of leader strives to raise employees’ level of commitment and to foster trust and motivation. Q: What is a transformational leader? ($10.00)
A: The conditions in an organization that limit or permit ethical or unethical behavior are defined as this. Q: What is opportunity? ($20.00)
A: This relates to individual differences in relation to a generalized belief about how one is affected by internal versus external events or reinforcements. Q: What is the locus of control? ($50.00)
Key Terms to Study • Business ethics • Code of conduct • Corporate espionage • Defense Industry Initiative on Business Ethics & Conduct • Ethical issue • Federal Sentencing Guidelines for Organizations • U.S. Sentencing Commission • Foreign Corrupt Practices Act • Kennedy’s “Consumers’ Bill of Rights” • Kohlberg’s model of cognitive moral development • Philanthropic activities • Reagan/Bush Era focus • Sarbanes-Oxley Act • Social Responsibility (hierarchy of dimensions)
Key Terms to Study • Agency law • Affirmative action • Community responsibility • Competitive strategy and business ethics • Conflict of interest • Consumer privacy • Corporate governance • Discrimination • Honesty • Integrity • Internal and external rewards • Moral philosophy • Stakeholder • Stakeholder interaction model • Stakeholder orientation • Trust • Egoism • Deontology • Justice • Relativism • Teleology • Utilitarianism
Key Terms to Study • Civil law • Criminal Law • Fraud • Lying • Marketing ethical issues (ethical dimensions) • Environmental Protection • Federal Water Pollution Act • Clean Air Act • National Environmental Policy Act • Toxic Substances Control Act • Title VII, Civil Rights Act • Americans with Disabilities Act • Pregnancy Discrimination Act • Equal Pay Act
Thoughts • Ethical decision-making begins when the issue is important enough to openly discuss it with others • Good BE decision-making is linked to experience and BE understanding • Good BE practice improves stakeholder satisfaction • Trust is a key issue in all personal communication