Application of ethical principles in a business setting is a critical skill. Studies show that firms that perform better financially over time are those with a commitment to ethical behaviour and are socially responsible. Businesses have responsibilities beyond simply enhancing their profits because they have such great social and economic power in our society. With that power comes social responsibility. The methods employed to achieve maximum profit or return on investment often raise issues of honesty and fair-play. The focus of this course will be on the variety of ethical issues raised in the practice of business and the professions. These include the normative theories of ethics, ethics in business, professions, the workplace and the environment. It is important to gain some familiarity with these issues, to consider the relevant factors involved, and to consider how they might be reasonably addressed.
Subject Objectives
The overall objective of this course is to provide a comprehensive coverage of the theoretical as well as application issues business and professional ethics. Within the framework of the above goal, this course has several specific objectives. They are to: 1. introduce students to ethical theories and concepts; 2. enable students to understand and reflect on their own values and responses to the difficult moral choices that the world of business can pose; 2 3. provide students with a workable model of ethical decision making; and 4. develop students to practice as professionals or business persons in an ethically responsible manner.
Learning Outcomes
Upon completion of this course, students should be able to: 1. Demonstrate familiarity with a variety of ethical issues or dilemmas that are raised by business and professional practice from different theoretical perspectives 2. Explain the factors that impact decision-making as a responsible professional 3. Examine business ethics in a globalised economy, including ethical perceptions and international business, global values, the multinational corporation, and ethical issues around the globe
Delivery Methods
Lectures will introduce key ideas and theoretical frameworks. They are delivered with MS PowerPoint and often supported by relevant video clips, as visual aids. Students should note that while a lecture is self-contained in terms of presentation, the topics are closely interrelated, and this interconnectedness is essential to their understanding of the substance of this course. While the focus will be on conveying facts and issues, lectures also point students to important readings and case studies that should go hand-in-hand with the lectures. These recommended readings are part of the knowledge base on which students are assessed.
Tutorial and workshop sessions are designed to supplement lectures, and are built around student-led discussions and presentations, encouraging students to discuss relevant issues. Students are expected to participate actively in all discussions, and thereby helping them to strengthen their understanding of the contents of lectures.
Assessment
Students are assessed in three parts, mainly the mid-term test, coursework assignment and final examination.
Mid-term Test 10% Assignment (Group) 30% Final Written Examination 60%
Assignment The objective of the group-based assignment is to apply the theoretical knowledge learned in the subject to a practical setting. The group typically consists of 3 to 5 members. The length of the essay is 3,000 words. Submission of the assignment will be during week 10, that is, the week immediately after the mid-semester break.
Mid-term test The two-hour mid-term test, consisting of multiple-choice questions, would be held on week 8, just prior to the mid-semester break.
Note: The mid-semester break is in week 9 (19 th to 24 th May 2014).
Final written examination As for the three-hour final written examination, which is held in weeks 16 and 17 of the semester, there are two sections: Section A consists of four short essay questions, and Section B consists of six longer essay questions. Students will answer any two questions in Section A and any two questions in Section B. These questions assess students 3 mastery over the subject matter as well as their ability to think critically. Marks for each question are provided on the examination paper.
Information on submitting your Assignment
You will first submit your assignment into the Turnitin. The Class ID and Password will be provided to you in due course. After you have submitted your assignment to Turnitin, please include the Turnitin report (after the reference list in the hard copy of your assignment) and submit it to the lecturer during class, on due date.
Important Reminder Plagiarism
Plagiarism, whether inadvertent or deliberate, shall include the following: Word-for-word copying of sentences or whole paragraphs from one of more sources, or presenting substantial extracts from books, articles, thesis, other unpublished work such as working papers, seminar and conference papers, internal reports, computer software, lecture notes or tapes, without clearly indicating their origin . Using very close paraphrasing of sentences of whole paragraphs without due acknowledgement in the form of reference to the original. Submitting another students work in whole or in part. Use of other persons ideas, work or research data without acknowledgement.
Collusion
Collusion, whether inadvertent or deliberate, shall include the following: Submitting an individual assignment that was jointly prepared by the candidate and any other third party, e.g. other students, family, professionals, or tutors/lecturers. Submitting a group assignment that was jointly prepared by the group and any external party, e.g. family, students from other courses, or professionals. Copying each others work and passing it off as an individual effort.
Course Outline
The following are the lecture topics and the respective readings covered over the course of one semester. Additional readings may be added during the course.
Lecture/ Week Topics Readings 1 Introduction to the course: Morality, ethic s, law and ethical relativism, Kohlbergs Moral Development Hartman et al: Ch. 1, 2 Velasquez: Ch. 1 Shaw: Ch 1 2 Normative theories of ethics: Teleological and deontological theories Hartman et al: Ch. 3 Shaw: Ch. 2 Velasquez: Ch. 2 3 The nature of capitalism: Features; Moral justifications; Criticism; Economic challenges. Hartman et al: Ch. 2 Shaw: Ch. 3 & 4
4 Corporations and corporate social responsibility: The social responsibility of business the rival views, Debating corporate responsibility, Hartman et al: Ch. 4, 5 Shaw: Ch. 5
5 Corporations and corporate social responsibility: Models of CSR; Institutionalising ethics within corporations Hartman et al: Ch. 4, 5 Shaw: Ch. 5
4 6 Consumers: Contract relations, product safety, product social issues Hartman et al: Ch. 8 Shaw: Ch. 6
7 Consumers II: Marketing and advertising Hartman et al: Ch. 8 Shaw: Ch. 6/ Velasquez: Ch. 6 8 The environment: Business and ecology, environmental ethics Hartman et al: Ch. 9 Shaw: Ch. 7/ Velasquez: Ch. 5 9 MID-SEMESTER BREAK 19.5.14 - 23.5.14 10 Business and the workplace I: Workers rights and working conditions Hartman et al: Ch. 6 Shaw: Ch. 8
11 Business and the workplace II: Employee privacy and monitoring Hartman et al: Ch. 7 Shaw: Ch. 9
12 Moral choices facing employees I: Loyalty, conflict of interest, insider trading, proprietary data. Hartman et al: Ch. 10 Shaw: Ch. 10
13 Moral choices facing employees II: Bribes and kickbacks, whistle blowing. Hartman et al: Ch. 4 Shaw: Ch. 10 14 Job discrimination and sexual harassment: Affirmative action, Equal opportunity, Sexual harassment Hartman et al: Ch. 6 Shaw: Ch. 11 15 Ethics in international business: Multinational corporations and ethics: Sweatshops, Outsourcing Hartman et al: Ch. 6 De George: Ch. 19
Reading List
Main reference
Hartman, L. P., DesJardins, J. and MacDonald, C. (2014) Business Ethics: Decision Making for Personal Integrity & Social Responsibility, 3 rd edn. New York: McGraw-Hill International.
Some additional references
Arnold, D.G., Beauchamp, T. and Bowie, N. (Eds.) (2012). Ethical Theory and Business, 9 th edn.. New Jersey: Pearson. Boatright, J.R. (2012). Ethics and the Conduct of Business, 7th. edn. Pearson: New Jersey. Brooks, L.J. and Dunn, P. (2010). Business & Professional Ethics for Directors, Executives and Accountants, 5nd. edn. Cincinnati: South-Western Cengage. Cooper, D.E. (2004). Ethics for Professionals in a Multicultural World. New Jersey: Pearson Prentice Hall. De George, R.T. (2009). Business Ethics. 7 th edn. New Jersey: Pearson Prentice-Hall. Jennings, M.M. (2012). Business Ethics: Case Studies and Selected Readings. 7 th edn. Ohio: Cengage South-Western. Shaw, W.H. (2014). Business Ethics, 8 th edn. California: Wadsworth Cengage Learning. Thiroux, J. and Krasemann, K. (2012). Ethics: Theory and Practice. 11 th edn. Boston: Pearson. Velasquez, N. (2012). Business ethics: Concepts & Cases. 7th. edn.. New Jersey: Pearson. 5
Periodicals (note: this is not an exhaustive list)
Business and Professional Ethics Business Ethics Business Ethics Quarterly Ethics Digest European Business Newsletter Focus (Newsletter of the Institute of Chartered Accounts Ethics Network) Hastings Center Report Journal of Business Ethics Journal of Value Based Management Journal of Medical Ethics
Contemporary Readings
As this subject intends to develop a contemporary perspective of the ethical, political socio-cultural, economic and environmental dimensions, students should keep abreast with current issues, from current journals, newspapers and magazines. Besides the journals listed above, other sources could include The Star, Star BizWeek, The Sun, The Edge, Time Magazine, BusinessWeek, and regional and international newspapers. Electronic media could include Bloomberg, Bernama, BBC and Al-Jazeera.
Making use of the Online Library
The Online Library contains a huge array of journal articles and other resources to help you read widely and extensively. These can be assessed both within the campus and off- campus, via the Tun Hussein Onn Library (http://thol.sunway.edu.my/).
Some useful websites
Markkula Center for Applied Ethics http://www.scu.edu/ethics/articles/articles.cfm The Global Reporting Initiative http://www.globalreporting,org Interfaith Center on Corporate Responsibility http://www.iccr.org/ Workplace Diversity http://workplacediversity.com/ Friends of the Earth http://www.foe.org.uk/ Business Ethics: The magazine of Corporate Responsibility http://business-ethics.com/
Business Ethics Network http://businessethicsnetwork.org/ Microsoft Safety and Security Center: Practice Cyberethics http://www.microsoft.com/security/online- privacy/cyberethics-practice.aspx Transparency International http://www.transparency.org/ The Center for Business and Ethics http://www.ethicsandbusiness.org/ Institute for Global Ethics http://www.globalethics.org/ OECD Guidelines for MNCs http://www.oecd.org/ UN Global Compact http://www.unglobalcompact.org/ World Council for Corporate Governance http://www.wcfg.net U.S. government product recall http://www.recalls.gov U.S. Environmental Protection Agency http://www.epa.gov/sustainability/ Kyoto Protocol http://www.kyotoprotocol.com Sustainable measures http://www.sustainablemeasures.com/ Green Marketing http://www.greemarketing.com Malaysian Code On Corporate Governance 2012 http://www.sc.com.my/malaysian-code-on- corporate-governance-2012 /
6 Useful readings
Code of Medical Ethics http://www.mma.org.my/Portals/0/pdf/MMA_ethicscode.pdf
Insider Trading in Malaysia http://www.mia.org.my/at/at/200812/05.pdf
Auditors and the Whistleblowing Law http://www.mia.org.my/at/at/2009/04/04.pdf
Ethics and professionalism in Malaysia http://www.themalaysianinsider.com/sideviews/article/ethics-and-professionalism-in- malaysia-rom-nain
Whistleblowing policy at Sime Darby http://www.simedarby.com/Whistleblowing.aspx
PETRONAS Code of Conduct and Business Ethics (CoBE) http://www.petronas.com.my/about-us/governance/Pages/governance/code-of- conduct-business-ethics.aspx
Whistleblowing won't work in Malaysia http://www.deloitte.com/view/en_MY/my/mysvc/myfa/forensic/2e375ecf32fd5210Vgn VCM200000bb42f00aRCRD.htm
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