BBA4951 unit VII CSU Business Policy discussion questions 1. Why is it important not to view the concept of “whistleblowing” as “tattling” or “ratting” on | Homework Answers
BBA4951 unit VII CSU Business Policy discussion questions 1. Why is it important not to view the concept of “whistleblowing” as “tattling” or “ratting” on another employee?
Your response should be 75 words in length.
2. Why should firms formulate and implement strategies from an environmental perspective?
Your response should be 75 words in length.
3. How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored? Your response should be 75 words in length.
4. If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards? Your response should be 75 words in length.
5. What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? Your response should be 200 words in length UNIT VII STUDY GUIDE
Ethics and Social Responsibility
Course Learning Outcomes for Unit VII
Upon completion of this unit, students should be able to:
4. Evaluate policy creation strategies.
4.1 Explain the role of the code of conduct within an organization.
4.2 Identify the differences between whistleblowing and tattle-tailing.
4.3 Explain the relationship between personal ethics and business ethics.
4.4 Identify business practices that could be considered bribery.
4.5 Describe the reasons why implementation strategies should be viewed from an
environmental perspective.
Reading Assignment
Chapter 10: Business Ethics, Social Responsibility, and Environmental Sustainability
Christian, L. (2011). A richer shade of green. Nation, 292(26), 2223. Retrieved from
https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
t=true&db=a9h&AN=61138861&site=eds-live&scope=site
Podgers, J. (Ed.). (2015). Corporations have a role (and a gain) in promoting the rule of law. ABA Journal,
101(8), 67. Retrieved from
https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
t=true&db=a9h&AN=108693936&site=eds-live&scope=site
Unit Lesson
Chapter 10 describes the importance of business ethics, environmental sustainability, and social responsibility
in strategic management, including such topics as workplace romance, bribery, pollution abatement,
whistleblowing, and philanthropy. Issues related to these topics can significantly bolster or derail the best
strategic plan, so Chapter 10 explains how these topics can best be managed. This unit will focus on an
organizations ethics, social responsibilities, and environmental sustainability. Social responsibility is what an
organization does (to be preventive rather than reactive) to protect living things. Living things are considered
as people, animals, and plants. Sustainability is what the organization does to preserve and protect rather
than destroy or harm the environment. Examples of damage include pollution and contamination of a local
area where the organization produces goods. Organizations can make efforts to prevent damages and
maintain a safe and efficient work environment for their employees, community, and customers.
Business Ethics
Good business ethics should be one of the main pillars within any organization. Ethics can impact an
organizations image, reputation, reliability, and overall business. The textbook describes good ethics as
good business (David & David, 2017, p. 306). Thus, bad ethics can cause an organization to fail, even with
an effectively planned strategy. Business ethics is defined as the conduct within an organization that guides
decision making and procedures. There are seven ethical principles listed at the bottom of page 308, Table
10-1 in your textbook. Think about how these principles are utilized day-to-day within your favorite product or
service.
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Examples of each is listed below:
Principle
Trustworthy
Open-minded
Honor commitments
Do not mislead
Responsible
Eliminate
questionable activity
Treat others as you
would want to be
treated.
Description
Ensure you have a positive image that reflects
honesty and is welcoming.
Ensure you consider ethical implications both
internally and externally.
Ensure all commitments, warranties, and advice
is honored.
Avoid false advertisements, exaggeration, and
lying to stakeholders.
Show your community that you care about them.
Be transparent and upfront internally and
externally to your stakeholders.
Simply put, treat others with dignity and respect.
UNIT x STUDY GUIDE
Title
When you have a moment, search the Internet for large corporations that have faced large class action law
suits due to legal and moral conduct. Some of these corporations have paid billions of dollars in settlements,
some of which are no longer existent. Companies such as Enron and WorldCom (parent company of MCI) are
no longer operating due to their legal breaches and misconduct. These organizations failed due to corporate
greed, poor management, and lack of industry oversight. These failed entities were enormous and created
secondary and tertiary effects that affected the U.S. and global economy for many years. Other products or
services that often mislead consumers are anti-aging and weight loss products. Ethical issues in this area
include false credentials, such as educational attainments or experiences. Transparency is critical, especially
with a social media driven society that can receive instant news and updates. Social media is extremely
effective because it is relatively inexpensive, readily available, and easy to use. Social media can be used to
promote a product in a positive or negative manner.
Whistleblowing and Bribes
Whistleblowing is the legal requirement that states every employee has the legal obligation to report unethical
behavior. Sometimes, a whistleblower can receive up to 25% of litigation fines if the organization is found
guilty and penalized. One such example was a whistleblower who alerted the IRS regarding offshore
accounts that were not being taxed appropriately. The IRS awarded over $100 million to this individual. Other
cases included 10s of millions of dollars to whistleblowers.
Bribery is offering, giving (including kickbacks), receiving, or influencing an individual or organization with
services or products in exchange for influence related to a persons action. Bribes are considered illegal in the
United States, while in some countries, this is normal business and perfectly legal. An example would be a
defense corporation bribing a government-contracting officer to ensure they receive direct source funding.
This would mean that because the oversight leader is being bribed, he or she is influenced to not allow
competing entities the ability to also compete for specific government contracts. Review the information about
the U.S. Foreign Corrupt Practices Act (FCPA) on page 311 of the textbook.
Within the United States, corruption does exist; however, it is not tolerated.
Social and Environmental Responsibly
Social and environmental responsibility is an organizations ability to promote a positive impact to their
community. This can be accomplished through charitable support and protective measures that protect the
environment. Each year, Fortune magazine publishes a list of companies that are admired or unadmired
globally. When you have a moment, conduct a simple Internet search, and locate the most recent list. Do you
recognize any of the companies? Are you surprised by how they are rated? An example of a corporation that
has been socially responsible is the Wal-Mart Corporation. During most major disasters, they have leveraged
their mass transportation network to quickly transport needed goods to affected areas. An example of this can
be seen in the way that Wal-Mart responded during the aftermath of Hurricane Katrina; Wal-Mart was able to
transport food and water to areas that the local and state governments had trouble supporting due to
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exhausting all support services. Corporations are also adapting to more environmentally-friendly
products and
UNIT x STUDY GUIDE
services. This can include lower emission vehicles, green products becoming Title
commercially available, and
supporting wildlife.
Reference
David, F. R., & David, F. R. (2017). Strategic management: A competitive advantage approach, concepts and
cases (16th ed.) [VitalSource Bookshelf version]. Retrieved from
https://online.vitalsource.com/#/books/9780134167947
Suggested Reading
The chapter presentation below will provide you with additional information on this units concepts.
Click here to access the PowerPoint version of the Chapter 10 Presentation.
Click here to access the PDF version of the Chapter 10 Presentation.
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