Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-1 BA Business Environment Week 1 ~ Part 1 Fall 2003

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-2 BA Business Environment Agenda Syllabus Role call Wait listees Your instructor Class road map What are we really doing here?

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-3 BA Business Environment Syllabus syl·la·bus noun plural syl·la·bi / -"bI, -"bE /; or -bus·es Etymology: Late Latin, alteration of Latin sillybus label for a book, from Greek sillybos Date: circa 1656 a summary outline of a discourse, treatise, or course of study or of examination requirements Source:

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-4 BA Business Environment Instructor My purpose My background Why I am here What you might expect from me Questions?

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-5 BA Business Environment Policies Attendence Due is due Academic honesty Format of written work

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-6 BA Business Environment Grading & Assignments Attendance (varies) Current Event Report (10%) Cases (45%) Exams (45%) Extra credit (~4%) Difficult vs. Challenging

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-7 BA Business Environment Course Description Study and develop critical analysis of the role of business in its environment with special references to the interrelationships of legal, technological, economic, political, and social forces with the business enterprise and to the legal and ethical obligations of the business enterprise with its owners, employees, consumers, and society.

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-8 BA Business Environment Class Objectives "I cannot teach anybody anything, I can only make them think." -- Socrates Improve understanding Identify stakeholders Learn framework of ethics Enhance foresight Better decision making

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved. 1-9 BA Business Environment Business Environment Does this subject matter? Why is this course required?

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved BA Business Environment Public Perception “I find it rather easy to portray a businessman. Being bland, rather cruel and incompetent comes naturally to me.” John Cleese

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved BA Business Environment In Context of Society Association with one's fellows A cooperating social group Organized individuals A pattern of relationships Members of a common goal A human system

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved BA Business Environment What are Ethics? Standard of Law Lack of character defects? Morals? Values? Religious precepts? ? ? ?

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved BA Business Environment Ethics Defined: Function: noun Etymology: Middle English ethik, from Middle French ethique, from Latin ethice, from Greek EthikE, from Ethikos Date: 14th century 1 plural but singular or plural in construction : the discipline dealing with what is good and bad and with moral duty and obligation 2 a : a set of moral principles or values b : a theory or system of moral values c plural but singular or plural in construction : the principles of conduct governing an individual or a group d : a guiding philosophy

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved BA Business Environment The Text Book Business & Society Ethics and Stakeholder Management Carrol/Buchholz5th Edition Read the Assignments Know the Key Terms Review the Discussion Questions

Structure and Flow of Book 1.The Business and Society Relationship 2.Corporate Citizenship: Social Responsibility, Responsiveness and Performance 3.The Stakeholder Approach to Business Part One BUSINESS, SOCIETY, AND STAKEHOLDERS STRATEGIC MANAGEMENT FOR CORPORATE STAKEHOLDER PERFORMANCE 4.Strategic Management and Corporate Affairs 5.Issues Management and Crisis Management Part Two Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved 1-18 Chapter 1 The Business/Society Relationship

Structure and Flow of Book BUSINESS ETHICS AND MANAGEMENT 6.Business Ethics Fundamentals 7.Personal and Organizational Ethics 8.Business Ethics and Technology 9.Ethical Issues in the Global Arena 10.Business, Government and Regulation 11.Business’s Influence on Government and Public Policy 12.Consumer Stakeholders: Information Issues and Responses 13.Consumer Stakeholders: Product and Service Issues 14.The Natural Environment as Stakeholder 15.Business and Community Stakeholders EXTERNAL STAKEHOLDER ISSUES Part Three Part Four Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved 1-19 Chapter 1 The Business/Society Relationship

Structure and Flow of Book INTERNAL STAKEHOLDER ISSUES 16.Employee Stakeholders and Workplace Issues 17.Employee Stakeholder: Privacy, Safety, and Health 18.Employment Discrimination and Affirmative Action 19.Owner Stakeholders and Corporate Governance Part Five Cases Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All rights reserved 1-20 Chapter 1 The Business/Society Relationship