Business Ethics (BUS 2102)

Credit Hours 3+0 Prerequisites

: None
Course Objectives:
 To sensitize the students to the ethical dimensions of business and to train them to
identify ethical dilemmas, analyze them systematically and resolve them based on
ethical principles and moral theory.
 To examine the ethical dimensions of business from different perspectives
(American/British, European/Japanese, etc) and to introduce tools of ethical analysis of
management decisions involving difficult choices between right and right and wrong
and wrong.
 To convey the importance and functionality of core values, codes of contact and a
culture of ethical behavior as powerful management tools in the workplace and sources
of trust and reputation in the marketplace
 To differentiate between responsive and strategic CSR in terms of shareholder and
social value, competitive advantage and sustainability.
 To help participants evaluate the CSR standards of their own companies, identify CSR
initiatives and convey competencies for their effective implementation and evaluation.
Course Learning Outcomes (CLOs)
On completion of this course student should be able to:
 Show familiarity with current ethical questions, economic, social and environmental policy
frameworks in which CSR takes place.
 Demonstrate mastery of CSR theory and practice in corporate codes of conduct to related
Pakistani policies, frameworks and discussions.
 Appreciate and articulate complex issues in corporate governance under local and global
settings.
 Show familiarity with critical issues of CG and CSR, including corporate ownership structures,
transparency, board practices, CSR strategy formulation and implementation, and their impact
on different stakeholders.
 Know how to integrate management control issues with corporate governance as a firm-
specific objective to achieve superior company performance and greater accountability.
 Analyze, communicate and provide recommendations on business cases
Course Outline
As written in weekly breakup

Assessment Methods
The teaching assessment for the assigned course will be as follows:
Class participation: Assignments (20 marks)
Online Mid Term Exam: 20 Marks
Online Terminal Exam: 60 Marks
Total Marks: 100

Reference Material
 Code of Corporate Governance 2013 or Latest, issued by SECP
 Business and Society: Ethics, Sustainability, and Stakeholder Management, Latest Edition
Archie B. Carroll, Ann K. Buchholtz SouthWestern College Publications, Cengage Learning
  Business and Society: Stakeholders, Ethics, Public Policy, Latest Edition Anne T Lawrence
and James Weber McGraw-Hill/Irwin
 Business Ethics and Corporate Social Responsibility, Latest Edition, Paul Griseri and Nina
Seppala CENGAGE Learning Business Press

Weekly Breakup

Week Topic Student Learning Outcome(SLOs)*

Ethics and Business:
1 responsibility
 The Nature of Business
2  Ethical Issues in Business
 Moral Reasoning
 The Foundation of Ethical
3
Decision-Making: Teleological
Ethics and Deontological Ethics
Ethical Principles in Business
4  Utilitarianism
 Rights and Duties
5  Justice and Fairness
 The Ethics of Care
 Integrating Utility, Rights,
6 Justice and Caring
 Virtue Ethics
Ethics in the Market Place
7
 Perfect Competition
8 MIDTERM EXAMINATION
 Understand what is business ethics and corporate social
 Understand the concept of ethical relativism
 Is ethical relativism right?
 How does moral development happen?
 What role do emotions have in ethical reasoning?
 What are the impediments to moral behavior?
 When is a person morally responsible for doing wrong?
 What is the utilitarian approach to moral decision
making?
 How do human rights apply to business?
 What is justics?
 Why are personal relationships essential to an ethic of
care
 How can we integrate the various approaches to moral
evaluation?
 What role does character play in morality?
 Why is a perfectly competitive free market said to be a
desirable from an ethical point of view?

 What is a monopoly market and why are such markets

9  Monopoly Competition
seen as ethically questionable?
 How do oligopoly markets provide opportunities for
10  Oligopolistic Competition anticompetitive behaviors that are ethically
questionable?
The Ethics of Consumer Production
and Marketing  How far must manufacturers go to make their products
 Markets and Consumer safe?
11
Protection  Is the relationship between a business and its customers
 The Contract View of Business merely a contract, or is there more to it than that?
Firm’s Duties to Consumers
 Does the fact that companies know more about their
 The Due Care Theory products than customers impose on them a duty to
protect customers from injury or harm?
12
 The Social Costs View of the  What responsibility do businesses have for customer
Manufacturer’s Duties injuries no one could reasonably have foreseen or
prevented?
13  Advertising Ethics  On the whole, does advertising help or harm
consumers?
  Do companies have a duty to protect their customers’
 Consumer Privacy
privacy?
 How does the rational model define a business
organization?
Ethics and The Employee
 What is a conflict of interest and how can it be
14
avoided?
 The Rational Organization
 What factors should be considered when determining a
fair wage?
 How does the political model of the organization differ
from the rational model?
 The Political Organization
 In what ways is a modern corporation like a
government?
15
 What kinds of political tactics are most often
encountered in business organizations?
 The Caring Organization
 What are the key ethical issues from the perspective of
the caring organization?
16 TERMINAL EXAMINATION