Slides303-1-Intro-handout

Slides303-1-Intro-handout - Business 303 Business, Society...

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Business 303 Business, Society & Ethics Professor von Nordenflycht Spring 2010 Session 1
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- 2 - Course Overview Agenda Objectives : Why are we taking this course? Content : What are we going to discuss? Process : How will the course run?
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Some familiar headlines… Bernie Madoff Subprime lending Options backdating Conrad Black Enron, WorldCom, Tyco, and all the fellow accounting frauds Is this new or business as usual? - 3 -
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Timeless concern about making money at the expense of other people or other values - 4 -
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Business vs. Social Relations & Values (cont.) - 5 - Sports NHL Hurricanes 6, Capitals 3 Associated Press Sports updated 6:48 p.m. PT, Mon., Dec . 28, 2009 WASHINGTON (AP) – … The Capitals traded captain Chris Clark and  defenseman  Milan Jurcina to Columbus for Jason Chimera earlier in the day and looked flat early, as the league's top-scoring team managed just four shots on goal in the first period. But Boudreau and some players waved off talk that the deal affected the players. "It's a hard situation for us because we lost our captain and a great guy,"  said Washington's Alex Ovechkin. "They're both good players,  but it's a business and you can do nothing about it."
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Is business particularly unethical? - 6 -
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Substantial pressures to ignore or at least skimp on ethical behavior in business It is highly focused on money, after all Competitive environment “Free market” theory or ideology Invisible hand -> profit maximization -> shareholder value individual pursuit of self-interest yields highest efficiency, hence greatest overall wealth can be construed as condoning anti-social behavior - 7 -
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Yet there can be substantial costs to unethical behavior For individual careers e.g., prison; but also conscience
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This note was uploaded on 03/15/2012 for the course BUS 303 taught by Professor Brown during the Spring '11 term at Simon Fraser.

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Slides303-1-Intro-handout - Business 303 Business, Society...

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