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About me
B.Sc. (Hons.) in Chemistry (CUHK) M.Sc. in Engineering Business Management (Warwick) Supply Chain & Procurement Manager of a multinational pharmaceutical company Please dont call me Lai Sir, call me CS or Mr. Lai To contact me:
Tel: 9807 5176 (Sun/Sat 20:00 22:00)
Please allow your callers ID to be displaced Please leave a message in case the line is busy. Please DONT call during office hours (Mon. Fri.). Please DONT call after 22:00, I should have slept already!
Email: t441653@ouhk.edu.hk
My role as tutor
Help everyone of you to complete this course Telephone tutoring, face-to-face sessions, TMAs, OUHK expects me to be a manager (of students time), a well informed and sensitive counsellor and an effective administrator and NOT to transmit knowledge to your students Lecturing for more than one third of the tutorial time should be considered too much
B368 Business Issues and Ethics C.S. Lai 2009
Contents
The course covers the following topics: 1. The importance of business ethics 2. Making ethical business decisions 3. Tools and techniques to manage business ethics 4. Corporate issues and business ethics 5. Stakeholder issues and business ethics 6. The stakeholder society
B368 Business Issues and Ethics C.S. Lai 2009
Assessments
4 tutorials 1 workshop 2 TMAs 1 Examination
Please.
Speak out Ask questions Share your thoughts Make mistakesand Enjoy!
Activity
What is Business Ethics? Please find some examples that is within the scope of Business Ethics. Why do you study this course? How can this course help you in your career?
Overview
What is business ethics? Why is business ethics important? Globalization: a key context for business ethics? Sustainability: a key goal for business ethics? Europe: a key perspective on business ethics?
Can you think of some more examples? What are the ethical issues involved?
B368 Business Issues and Ethics C.S. Lai 2009
Law
B368 Business Issues and Ethics C.S. Lai 2009
Morality
Ethics
Ethical theory
Power and influence of business in society Potential to provide major contribution to society Potential to inflict harm Increasing demands from stakeholders Lack of business ethics education or training Continued occurrence of ethical infractions Evaluating different ways of managing business ethics Interesting and rewarding
B368 Business Issues and Ethics C.S. Lai 2009
What is globalization?
According to Scholte (2000) globalization is not:
internationalization liberalization universalization westernization
Globalization is: the progressive eroding of the relevance of territorial bases for social, economic and political activities, processes and relations
deterritorialization
B368 Business Issues and Ethics C.S. Lai 2009
Consumers
Suppliers and Competitors Civil society (pressure groups, NGOs, local communities) Government and regulation
Case Study
Ethics in Action 1.2 Fishing cod fish on a not sustainable source.
ICI
Nokia
www.nokia.com
Shell Volkswagen
Defining sustainability
Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. (World Commission on Environment and Development 1987) Sustainability refers to the long-term maintenance of systems according to environmental, economic and social considerations
B368 Business Issues and Ethics C.S. Lai 2009
Economic Social
Environmental
Activity
Think about the sustainability of current transport systems. Are they sustainable? In what aspects they are not sustainable?
How business ethics is related to sustainability?
Misconduct and Corporate immorality in single governance and decisions situations accountability Focus on shareholder value Implicit multiple stakeholder approach, benign managerialism
C.S. Lai 2009
Summary
Definition of business ethics Business ethics is vital for business in contemporary capitalism Global view is essential to understand ethical issues Sustainability is an important goal for business ethics Europe has a distinctly different perspective on business ethics issues
TMAs
You MUST pass (i.e. +40%) BOTH assignments and final examination in order to pass the course Keep a copy of each assignment TMA should arrive MY MAILBOX on / before the due date 7 days extensions will NOT normally be granted, unless you have GOOD reasons and with prior permission. (Do you know the official procedure of requesting extension?) OUHK does not accept postal loss as a reason for extension
B368 Business Issues and Ethics C.S. Lai 2009
Reminders
TMA 1 due on Nov. 27, 2009. Next meeting Oct. 31 2009 @ OUHK
To download this presentation: http://alumni.cuhk.edu.hk/~cslai Enjoy the course and Good Luck