325 F 09

325 F 09 - Global Legal Environment of Business CLASS...

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10/17/09 Global Legal Environment of Business CLASS SLIDES
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10/17/09 WHY ARE WE HERE? Executives report spending 20-25% of their time on these issues. Important business decisions typically have significant moral issues. Virtually all business decisions are importantly regulated by society through law. Changing laws can create new business opportunities, as well as threats. The economics of business decisions cannot be fully understood without understanding the probable relevant legal and moral rules. MANY OF YOU WILL HAVE TO PASS BUSINESS LAW EXAMS TO WORK IN YOUR CHOSEN PROFESSION OR INDUSTRY.
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10/17/09 LEARNING LEVELS Individual— Teams— Class discussions--
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10/17/09 PRACTICAL VALUES Expanded breadth of substantive business law knowledge. Improved understanding of legal research, analysis and reasoning. Better understanding of the management implications of legal information. Enhanced abilities to use legal information in making business decisions
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10/17/09 CLASS DISCUSSION CONTEXTS SYSTEMIC ORGANIZATION INDIVIDUAL NORMATIVE vs. DESCRIPTIVE
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10/17/09
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10/17/09 IS GREED GOOD? Movie Clip
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10/17/09 WHAT ARE THE RULES OF THE GAME? BUSINESS SOCIAL RESPONSIBILITIES Each of the following criteria must be followed: LAW ETHICS & CONDUCT CODES MORALS ECONOMICS DIFFERING VIEWS REGARDING HOW THE ABOVE CRITERIA SHOULD BE SATISFIED: PROFIT MAXIMIZATION (INVISIBLE HAND/AGENCY) STAKEHOLDER INTERESTS/WELFARE CORPORATE CITIZENSHIP WHICH BEST FITS THE CURRENT AND FUTURE BUSINESS ENVIRONMENT?
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Click to edit Master subtitle style 10/17/09 BSR DEFINITIONS The only responsibility of business Is to increase profits within the rules of the game. versus Profit is what happens when you do everything else right.
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10/17/09 SOCIETY'S REGULATIONS OF BUSINESS OPPORTUNITIES AND MEANS All Opportunities Laws Codes of Conduct Morals (Ethics) Economics All Means
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10/17/09 The Social Contract THE LAW IS ONLY A MORAL MINIMUM Society Business Organizations Gov’t Laws Business & Professional Codes of Ethics Moral Values Within Society Normative Ethics: “Enlightened Self-interest”  Qualitative         Quantitative
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10/17/09 “ENLIGHTENED SELF-INTEREST “ ETHICAL PROBLEM ANALYSIS STEPS (For Moral Issues in Business Decisions WHAT ARE THE RELEVANT FACTS? WHAT ARE THE ETHICAL ISSUES? WHO ARE THE PRIMARY STAKEHOLDERS? (See following Map) WHAT ARE THE POSSIBLE ALTERNATIVES? WHAT ARE THE ETHICS OF THE ALTERNATIVES? One definition of such “enlightened self-interest” is that an action is morally correct if: a) it increases benefits for owners; and, b) without unduly or unjustifiably harming other stakeholders; and, c) these benefits are believed to counterbalance the justifiable harms that may ensue.
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10/17/09 Stakeholder Map External Stakeholders
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10/17/09 YAHOO QUESTIONS Did Yahoo and its executives violate Chinese, US or International Law?
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325 F 09 - Global Legal Environment of Business CLASS...

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