Reference no: EM131263196
Business Ethics
Learning Activity #1
You are the CEO of a business that employs 25 employees and owns and operates a clothing design company, which uses locally sourced and organic cotton material, hand-sews its clothes, uses artisans in the community, pays a fair wage (with "benefits"), and is attempting to revitalize the clothing industry in the South. Your biggest challenges consist of trying to keep your prices down, while purchasing locally-sourced organic material which is hand-sewn by American workers, while other companies have out-sourced their supply chain and manufacturing to 3rd world countries at a fraction of the cost. In addition, your open source approach to patterns and techniques mean that other companies have access to your designs, which they can manufacture much more cheaply either using machines or using workers in 3rd world countries. Your primary value lies in your integrity, devotion to local sourcing and paying a fair wage to the local artisans you are committed to using for the production of your clothing line each year.
You have decided that a code of ethics is required in your company. What should it look like? To be workable, it should probably be clear, succinct and easy to understand. But how will you approach it? Will it be aspirational (containing statements of values aimed at or good things to do) or regulatory (statements of rules and prohibition, i.e. "You may not ______")? How will you provide for feedback or enforcement? What good do you hope to accomplish with this code of ethics?
Draft a code of ethics that you think will work, and present it to your classmates for feedback and discussion.
When I say "draft" - I mean that you should write this, after thinking through the ethical approaches we're studying. Please do not consult the internet, other corporate ethical codes as examples, or any other how-to guides beyond the course materials. This exercise is meant to get you to think through how the ethical theories might actually apply in practice, as well as for you to experience the shortcomings of each approach.
Learning Activity 2
Explain what ethical theory you relied upon in drafting your code of ethics (and why), and how it guided you in coming up with what you came up with. What caused you to select the ethical theory you selected? Was there something that caused you to reject another of the ethical theories? What problems did you have to work to overcome? What was the hardest part of the exercise and what problems do you still have with what you were able to draft or with what you anticipate would be the response to it? Are you satisfied with your draft code of ethics as an effective expression of ethical guidance? Why or why not?
Please make sure that you attempt to verbalize your understanding of how the 3 traditional ethical theories operate as part of your explanation.
What was the companys revenue for the year
: Bonita Industries began the year with retained earnings of $942000. During the year, the company issued $1309000 of common stock, recorded expenses of $3633000, and paid dividends of $243000. If Bonita ending retained earnings was $1002000, what was ..
|
Relationship between the amount buyers
: Create a supply and demand graph in Excel that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply an..
|
Develop a list of three potential fieldwork locations
: Develop a list of three potential fieldwork locations. Describe why each might be of interest and value. Also, include any additional information gathered about each location.
|
Cost of units transferred out from the department
: In February, one of the processing departments at Manger Corporation had beginning work in process inventory of $25,000 and ending work in process inventory of $34,000. During the month, $290,000 of costs were added to production and the cost of unit..
|
What caused you to select the ethical theory you selected
: Explain what ethical theory you relied upon in drafting your code of ethics (and why), and how it guided you in coming up with what you came up with. What caused you to select the ethical theory you selected?
|
Business to produce and sell custom kitchen cabinets
: You plan to start a business to produce and sell custom kitchen cabinets. The targeted price for each order of cabinets is $10,000. You estimate that you will receive orders for cabinets for eight kitchens in each of the first two months, nine kitche..
|
Group of computer hackers discovers
: 1. Suppose that a group of computer hackers discovers a way to break into secure computer networks, rendering such networks useless as a business tool and making obsolete the business methods developed over the last 15 years.
|
Discuss hofstedes dimensions of culture that influence
: Discuss Hofstede's dimensions of culture that influence business in your project country. Finally, using Commisceo Global Culture Guides, identify five rules of business etiquette that would directly influence business interactions.
|
How many acres should john choose to mow
: How many acres should John choose to mow in order to maximize profits - Calculate John's maximum weekly profit and calculate Johns maximum weekly profit.
|