Chapter03_HodgettsRev

Chapter03_HodgettsRev - 1 PowerPoint slides by R Dennis...

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1 PowerPoint slides by R. Dennis Middlemist, Professor of Management, Colorado State University
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Chapter 3 Ethics and Social Responsibility The specific objectives of this chapter are: 1. EXAMINE some of the major ethical issues and problems confronting MNCs in selected countries. 2. DISCUSS some of the pressures on and action being taken by selected industrialized countries and companies to be more socially responsive to world problems.
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Chapter 3 Ethics and Social Responsibility The specific objectives of this chapter are: 1. EXPLAIN some of the initiatives to bring greater accountability to corporate conduct and limit the impacts of corruption around the world.
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4 Ethics and Social Responsibility Around the World Ethics Study of morality and standards of conduct Vital role of ethics in conduct of business Sarbanes-Oxley Act (2002) CEO and CFO required to approve and declare accurate all financial statements provided to SEC for publication Ensure transparency of all disclosures Make content appropriately accessible for audit and verification MNCs face difficulty because of differing standards between countries where they operate
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5 Ethics and Social Responsibility Around the World Political and business scandals Japanese cabinet member forced to resign for receiving over $2 million from Japanese corporations Failure of banking system to take corrective action regarding Japan’s recession Concealing customer complaints Failure to inform car owners about possible auto defects and maintenance of two sets of customer complaint records Encouraging employees to mislead government inspectors Ethical Problems and Concerns Japan
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6 Ethics and Social Responsibility Around the World Hostile work environment Cultural expectations Traditional role of females and female employees Sexual harassment may not be considered a moral issue Equal opportunity issues Refusal to hire women or promote them into management positions Mitsubishi sued by U.S. EEOC Social Responsibility/Lobbying Ethical Problems and Concerns Japan
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7 Ethics and Social Responsibility Around the World Survey of 124 U.S., 72 French, and 70 German managers responding to five ethical vignettes In most cases, the U.S. managers’ responses were quite different from those of their European counterparts U.S. managers more concerned with ethical and legal questions
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