BUS 240 - 01 Chapter 5

Slides (34)

1. 1 - Freestyle Page 1 - BUS 240 - Chapter 5 Ethics.pptx

2. 2 - Word Cloud What words come to mind when you think of business ethics?

   1. Respect

   2. Morals

   3. Morals

   4. Accountability

   5. Accountability

   6. Employees

   7. Morals

   8. Standard

   9. Safety

   10. Right vs wrong

   11. Morals

   12. Honesty

   13. Morals

   14. Conduct

   15. Morals

   16. Legal

   17. Right vs wrong

   18. Integrity

   19. Morals

   20. Principles

   21. Sustainable

   22. Business

   23. Profit

   24. Management

   25. Leadership

   26. Moral

   27. Professional

   28. Honesty

   29. Decision making

   30. Honesty

   31. honesty

   32. morals

   33. teamwork

   34. Dependable

   35. Accountability

   36. reliability

   37. Good decision making

   38. Honesty

   39. Moral

   40. responsibility

   41. morals

   42. Trust

   43. Safety

   44. Moral

   45. Deals

   46. Morals

   47. Integrity

   48. Morals

   49. Fair

   50. accountability

   51. transparency

   52. morals

   53. Integrity

   54. Hard working

   55. Dependably

   56. Morals

   57. Right v wrong

3. 3 - Freestyle Page 2 - BUS 240 - Chapter 5 Ethics.pptx

4. 4 - Pick Answer Which of the following best describes business ethics?

   1. Avoiding all potentially controversial actions

   2. Strictly adhering to industry regulations

   3. Maximizing shareholder returns above all else

   4. Integrating moral values into business decisions and practices

5. 5 - Image Choice Product Defect and Recall Decision

   1. Issue a full product recall, notify customers, and replace the defective units at no cost.

   2. Release a software update that reduces batter performance to prevent overheating, without publicly disclosing the defect.

   3. Do nothing and handle individual complaints on a case-by-case basis to minimize costs and avoid a public relations crisis.

6. 6 - Leaderboard

7. 7 - Freestyle Page 3 - BUS 240 - Chapter 5 Ethics.pptx

8. 8 - Pick Answer In 2015, which car manufacturer was caught cheating on emissions tests, highlighting a major breach of organizational ethics?

   1. Kia

   2. Volkswagon

   3. Toyota

   4. Honda

   5. BMW

9. 9 - Leaderboard

10. 10 - Pick Answer Which CEO stepped down in 2022 after allegations of fostering a toxic work culture, highlighting the importance of ethical leadership?

    1. Bob Chapek (Disney)

    2. Elon Musk (Tesla)

    3. Dan Price (Gravity Payments)

    4. Mark Zuckerberg (Meta)

11. 11 - Leaderboard

12. 12 - Freestyle Page 4 - BUS 240 - Chapter 5 Ethics.pptx

13. 13 - Pick Answer Match each ethical principle with its correct description.

    1. Fairness - Equitable treatment and justice for all

    2. Utilitarianism - Greatest good for the greatest number.

    3. Rights - Respecting individual freedoms and entitlements

    4. Common Good - Benfiting society as a whole

14. 14 - Leaderboard

15. 15 - Pick Answer

    1. Whistleblowing - An employee reporting illegal or unethical practices within their organization to internal management or external authorities.

    2. Utilitarianism - An ethical framework that suggests the most moral action is the one that produces the greatest good for the greatest number of people.

    3. Ethical Dilemma - Situation where an individual or organization must choose between two courses of action, both of which have potentially negative ethical consequences.

    4. Corporate Social Responsibility - A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

16. 16 - Leaderboard

17. 17 - Freestyle Page 5 - BUS 240 - Chapter 5 Ethics.pptx

18. 18 - Freestyle

19. 19 - Word Cloud In one word, describe the most important quality of an ethical leader.

    1. Honest

    2. Wisd

    3. honest

    4. Truthful

    5. Transparency

    6. Honesty

    7. accountable

    8. Fair

    9. accountable

    10. Wise

    11. accountable

    12. Thoughtful

    13. smart

    14. Transparency

    15. Trustworthy

    16. Integrity

    17. leader

20. 20 - Image Choice Layoffs vs Sustainability Goals

    1. Lay off 10% of the workforce to save money while maintaining sustainability initiatives.

    2. Cut the budget for sustainability programs to preserve jobs, even if it means missing publicly stated environmental targets.

    3. Reduce salaries across the board for all employees, including executives, to keep both jobs and sustainaiblity programs intact.

21. 21 - Freestyle Page 6 - BUS 240 - Chapter 5 Ethics.pptx

22. 22 - Pick Answer Arrange the following steps in the correct order for implementing a balanced ethical approach in a company.

    1. Identify core company values

    2. Develop a code of ethics

    3. Regularly review and update ethical practices

    4. Provide ethics training to employees

    5. Establish compliance procedures

23. 23 - Leaderboard

24. 24 - Image Choice Bribery to Enter a Foreign Market

    1. Pay the bribes as a "cost of doing business" to ensure a smooth entry into the market.

    2. Refuse to pay the bribes and risk losing potential business opportunities in the new market.

    3. Seek a middle ground by finding a local intermediary to handle negotiations and avoid direct involvement in unethical practices.

25. 25 - Freestyle Page 7 - BUS 240 - Chapter 5 Ethics.pptx

26. 26 - Pick Answer Match these companies with their notable corporate social responsibility (CSR) initiatives:

    1. Ben & Jerry's - Fighting climate chang

    2. TOMS Shoes - One for One giving model

    3. Microsoft - Carbon negative by 2030

    4. Lego - Sustainable materials for products

27. 27 - Leaderboard

28. 28 - Scale Rate your agreement with the following statement:

    1. Companies should prioritize corporate social responsibility even if it means lower short-nt 1

29. 29 - Freestyle Page 8 - BUS 240 - Chapter 5 Ethics.pptx

30. 30 - Pick Answer In 2021, which sportswear giant faced backlash and boycotts in China after expressing concerns about forced labor in Xinjiang?

    1. Puma

    2. Adidas

    3. Nike

    4. Under Armour

31. 31 - Leaderboard

32. 32 - Image Choice Misleading Marketing Claims

    1. Change the marketing to reflect the actual ingredients, risking a drop in sales due to less appealing labels.

    2. Continue marketing the product as "all-natural" and "organic" and stay competitive, assuming no significant backlash.

    3. Discontinue the product and invest in reformulating it to meet the "all natural" and "organic" claims.

33. 33 - Open Ended What strategies can multinational companies use to address ethical challenges in different cultural contexts?

34. 34 - Image Choice Data Privacy vs Profitability

    1. Proceed wth selling anonymized data, assuming users will not find out, to boost profitability.

    2. Inform users about hte new data policy and offer them an option to opt-out, even if it reduces the potential revenue.

    3. Reject the strategy altogether, opting for alternative monetization methods that do not compromise user trust and privacy.