Week 2 & Week 2

Week 2

Assigned Readings:

Chapter 3. Emerging Business Ethics Issues.

Chapter 4. The Institutionalization of Business Ethics.

Overview:

In chapter 3, we consider some of the ethical issues emerging in business today, including how they arise from the demands of specific stakeholder groups. In the first half of the chapter, we explain certain universal concepts that pervade business ethics, such as integrity, honesty, and fairness. The second half of the chapter explores a number of emerging ethical issues, including misuse of company time and resources, abusive and intimidating behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, sexual harassment, fraud and consumer fraud, financial misconduct, insider trading, intellectual property rights, and privacy. We also examine the challenge of determining decisions that have an ethical component for the firm to consider.

In chapter 4, we examine the boundaries of ethical conduct and focus on the voluntary, core practices, and mandated requirements for legal compliance—three important areas in developing an ethical culture. In particular, we concentrate on compliance in specific areas related to competition, consumers, and safety. We consider the requirements of the Sarbanes–Oxley legislation, its implementation by the Securities and Exchange Commission (SEC), and how its implementation has affected companies. We also examine the Dodd-Frank legislation and its rules affecting the finance industry. Additionally, we provide an overview of the FSGO for organizations and give recommendations and incentives for developing an ethical corporate culture. The FSGO, the Sarbanes–Oxley Act, the Dodd-Frank Act, industry trade associations, and societal expectations support core practices. Finally, we examine voluntary responsibilities and look at how cause-related marketing and strategic business philanthropy can be important tools in managing stakeholder relationships.

Chapter 3. Emerging Business Ethics Issues

Learning Objectives

1. Define ethical issues in the context of organizational ethics

2. Examine ethical issues as they relate to the basic values of honesty, fairness, and integrity

3. Delineate misuse of company resources, abusive and intimidating behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, sexual harassment, fraud, financial misconduct, insider trading, intellectual property rights, and privacy as business ethics issues

4. Examine the challenge of determining an ethical issue in business

Chapter 4. The Institutionalization of Business Ethics

Learning Objectives

1. Distinguish between the voluntary and mandated boundaries of ethical conduct

2. Provide specific mandated requirements for legal compliance in specific subject matter areas related to competition, consumers, and safety

3. Specifically address the requirements of the Sarbanes–Oxley legislation and implementation by the Securities and Exchange Commission (SEC)

4. Describe the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act along with some of its major provisions

5. Provide an overview of regulatory efforts that provide incentives for ethical behavior

6. Provide an overview of the recommendations and incentives for developing an ethical corporate culture contained in the Federal Sentencing Guidelines for Organizations (FSGO)

7. Provide an overview of highly appropriate core practices and their relationship to social responsibility

Reflection and Discussion Forum Week 2

Assigned Readings:

Chapter 3. Emerging Business Ethics Issues.

Chapter 4. The Institutionalization of Business Ethics.

Initial Postings:  Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

1. The Office – these clips show various ethical issues from time theft, conflicts of interest, and stealing and honesty. These clips also provide a humorous take on ethics issues. The most pervasive ethical issue in the workplace is time theft.

https://www.youtube.com/watch?v=xjyC5pv-hGc

Length: 3:14

Questions:

1. Think about the diversity of ethical issues and compare them based upon the potential severity of impact upon the organization?

2. What do you think is the most prevalent ethical issue in the workplace?

3. What are some ways that companies can discover ethical issues in the workplace?

4. What are the ethical issues facing businesses today?

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words - do not provide quotes!]

 [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

Activity 2

EU Data Protection Regulation – this clip provides an overview of the EU 2018 Data Protection Regulation and some of the requirements, hiring, and budgeting that will be needed to comply.

https://www.youtube.com/watch?v=I2Cv4q19Nys

Length: 1:51

Questions:

1. Why is the EU providing stricter regulation of organizational data protection?

2. What impact does it appear that this will have on organizational stakeholders?

3. What are the risks associated with not complying with the new regulations?

What is Dodd-Frank - CNBC explains the act and its goals to prevent banks, insurance companies and others from failing.

https://www.youtube.com/watch?v=5xqQNbHrOTo

Length: 4:30

Questions:

1. How does the Dodd Frank Act support the prevention of a future global financial crisis?

2. What do you think is the biggest weakness of the Dodd Frank Act?

3. What do you see as the future of the Dodd Frank Act?

The assignment is to answer the question provided above in essay form. This is to be in narrative form and should be as thorough as possible. Bullet points should not to be used. The paper should be at least 1.5 - 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to competitive strategy. The textbook should also be utilized. Do not insert excess line spacing. APA formatting and citation should be used.