January 23rd- ADMN 1000H- week 3 lecture slides ethics and social responsibility[81](1)

Page 1: Introduction to Business Ethics

• Course Code: ADMN 1000H

• Focus of Lecture: Business ethics and social responsibility

Page 2: National Days

• National Squirrel Appreciation Day!

Page 3: Placement Information

• Liaison: School of Business, Trent University, Gzowski College, Enwayaang building room 360

• Discussed Topics:

  • Planning for fourth-year electives

  • Placements (ADMN-4870H)

  • Internships (ADMN-4890Y)

Page 4: Thought-Provoking Questions

• Presentation of four critical questions concerning business

Page 5: Questions Post-Great Depression

• Inquiry on discoveries in business post-Great Depression beyond marketing

• Consideration of major changes in business practices

• Impact of the European transportation system on North American life

• Adaptation of North America to the European living standards

Page 6: Diversity in the Workplace

• Chapter 1(1.5): Diversity and workplace performance

• Effective task performance and solution development in diverse teams compared to homogeneous groups

• Shift of American companies (e.g., Meta, McDonald's) away from DEI policies/programs and implications for Canadian firms

Page 7: Impact of Mass Immigration

• Reflection on immigration's impact on business and job seekers, highlighting the dual perspectives on the issue

• Discussion of Canada's mass deportation measures and challenges for immigrants

• Consideration of whether businesses or affected individuals should influence Canada's future immigration policies

Page 8: Quote by Emma Lazarus

• Excerpt emphasizing compassion towards immigrants and the dispossessed

Page 9: Poem by Martin Niemöller

• "First They Came" explores themes of apathy and collective responsibility in the face of persecution

Page 10: Media Reference

• Years and Years, Episode 6: "This is the World we Built" (YouTube, Benjamin Nealon)

Page 11: Terms of Reference in Ethics

• Key Concepts: Ethics, Morals, Mores, Assumptions

Page 12: Definition of Ethics

• Ethics defined: Moral principles governing behavior and activities

Page 13: Morals

• Morals vs. Ethics: Morals associated with personal conduct rooted in religion or culture; ethics linked to professional conduct based on logic

Page 14: Mores

• Mores explained: Cultural rules governing adherence to morals

Page 15: Assumptions

• Definition: Accepted truths without proof, particularly in the context of market perceptions

Page 16: Piaget’s Stages of Cognitive Development

• Four stages:

  • Sensorimotor intelligence

  • Preoperational thinking

  • Concrete operational thinking

  • Formal operational thinking (12+ years)

Page 17: Kohlberg’s 6 Stages of Moral Development

• Breakdown of stages illustrating progression in moral reasoning:

  • Stage 1: Obedience and Punishment

  • Stage 2: Self-Interest

  • Stage 3: Interpersonal Accord and Conformity

  • Stage 4: Authority and Maintaining Social Order

  • Stage 5: Social Contract

  • Stage 6: Universal Ethical Principles/Critical Thinking

Page 18: Reiteration of Kohlberg’s Stages

• Similar structure as previous page emphasizing moral development stages

Page 19: Fast Fashion Critique

• Commentary on fast fashion's negative environmental impact

Page 20: Shareholders vs. Stakeholders

• Shareholder: Stock owner; Stakeholder: Individuals impacted by a business’s operations (e.g., employees, customers)

Page 21: Corporate Social Responsibility (CSR) Pyramid

• Archie Carroll’s CSR framework:

  • Economic Responsibilities

  • Legal Responsibilities

  • Ethical Responsibilities

  • Philanthropic Responsibilities

• Describes the expectation of businesses to be profitable while balancing social and ethical considerations

Page 22: Triple Bottom Line Theory

• John Elkington’s framework emphasizing the balance of People, Planet, and Prosperity in business practices

Page 23: Customer Responsibilities

• Ethical implications of purchasing decisions, illustrated through example of a child worker in Bangladesh

Page 24: Ethical Environment Structure

• Importance of mission statements and codes of conduct in maintaining ethical climate

Page 25: Shaping Ethical Conduct in Organizations

• Necessity of key factors in sustaining ethical environment in organizations

Page 26: Ethical Awareness & Codes of Conduct

• Code of conduct: Framework defining expected employee behavior and ethical resolution

• Example: Air Canada's code of conduct

Page 27: Air Canada’s Ethical Practices

• Overview of Air Canada's codes of conduct and grievances management

Page 28: Google Antitrust Case

• Summary of accusations against Google:

  • Influence on device default settings

  • Requirement to pay $700M in ruling

Page 29: Need for Ethical Education

• Role of organizations in providing ethical reasoning training beyond codes of conduct

Page 30: Ethical Leadership

• Connection between ethical education, awareness, and action within organizations

Page 31: Social Responsibility Definition

• Acceptance of managerial obligation to consider qualitative indicators alongside profit

• Emphasis on contributions to economy, job opportunity, and community

Page 32: Businesses' Social Responsibilities

• Outline of businesses' social responsibilities towards various stakeholders (general public, customers, investors, employees)

Page 33: Consumer Rights

• Key rights of consumers:

  • Right to be informed

  • Right to be safe

  • Right to choose

  • Right to be heard

Page 34: Responsibilities to Employees

• Focus on workplace safety regulations and quality-of-life issues (e.g., flexible work schedules, childcare)

Page 35: Equal Opportunity and Workplace Conduct

• Discussion on ensuring equal opportunities, addressing harassment, and equal pay regulations in the workplace

Page 36: Impact of Trump Tariffs on Canada

• Analysis of potential retaliatory tariffs and implications for Canadian economy

Page 37: Learning Reflection

• Personal reflection on learning outcomes from the session

Page 38: Music Reference

• Mention of George Martin and The Beatles' song "In My Life"

Page 39: Future Reading Assignments

• Upcoming lecture on starting a small business and relevant readings (Boone, L.E., et al., Chapters 5)

• Quiz availability notice on Blackboard.