代写 MGX3100 Management Ethics and Corporate Governance

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    • 代写 MGX3100 Management Ethics and Corporate Governance Management Ethics and Corporate Governance MGX3100
    •Session 1
    •Introduction
    •Unit Objectives
    •1. identify important ethical issues that arise in various business contexts
    •2. explain the implications of adopting different approaches to Corporate Social Responsibility
    •3. critically assess the strengths and weaknesses of the different approaches to Corporate Social Responsibility
    •
    •Unit objectives (cont)
    •4. critically assess the strengths and weaknesses of different mechanisms for regulating business behaviour
    •5. apply different approaches to Corporate Social Responsibility and different approaches to regulation to issues specific to marketing, HRM, environment and social accounting.
    •
    •Readings
    •Arnold D.G, Beauchamp T.L. Bowie N.E. (2014) Ethical Theory and Business (9th edition) Upper Saddle River, NJ: Prentice Hall
    •A large number of items are available from the Monash Catalogue online (enter MGX3100 or article details in Basic Search)
    •
    •Unit structure
    •Capitalism
    •A capitalist system is one in which the greater part of the means of production are in private hands
    –Manufacturing
    –Transport
    –Banking
    –Insurance
    –Mining
    –Telecommunications
    –Media
    •Capitalism (cont)
    •The state is left to control
    –Health
    –Education
    –Welfare
    –Defence
    •Socialism
    •In a socialist system there is public ownership and control of the means of production and distribution.
    •Centralised planning rather than individual decision characterises the socialist system
    •Key Features of Capitalism
    •The existence of companies – “artificial beings existing only in the contemplation of law”
    •Profit motive
    •Competition – the regulator of individual economic activity
    •Private property – private ownership of the means of ownership and distribution
    •Moral/Ethical justifications of Capitalism
    •
    •Two historically important justifications
    –Rights based  justification
    –Justification based on consequences
    •
    •Rights based justifications
    •The natural right to property
    •John Locke – 18th century English philosopher
    •Locke’s theory of property
    –When we mix our labour with the natural world we have a right to what is produced
    •The peasant growing vegetables
    代写 MGX3100 Management Ethics and Corporate Governance •The shoemaker making a pair of shoes
    •Problems with Locke’s account
    •Inherited wealth?
    •Investment income?
    •Interest?
    •Consequentialist justification
    •Capitalism produces better consequences/outcomes for individual citizens than alternate economic arrangements
    •
    •Adam Smiths consequentialist position
    •Adam Smith – 18th century Scottish economist
    •Smith’s famous “invisible hand” argument
    –It is his own advantage and not that of society that he has in view ….(but) by directing that industry in such a manner as its produce may be of the greatest value, he (is) …led by an invisible hand to promote an end that was no part of his intention”
    •
    •Criticisms of Capitalism
    •Produces inequality
    •Produces human beings that are wholly economic creatures
    •Produces monopolies and oligopolies
    •True competition is rare
    •Produces exploitation
    •Produces alienation
    •
    •Business Ethics and CSR
    •Why business ethics?
    –The world has changed
    –Corporations have increasing power and increasing demands placed on them
    http://www.youtube.com/watch?v=xBoTBPmGtsA (Guido Palazzo)
    •What is CSR?
    –There is no single answer
    –Perspectives differ according to assumptions about the purpose of the firm and the role of goverment
    https://www.youtube.com/watch?v=E0NkGtNU_9w (St Gallen video)
    •
    •The Corporation
    •Based on the book The Corporation: The Pathological Pursuit of Profit and Power by Joel Bakan.
    •Won 26 international awards including the 2004 Sundance Film Festival. Canada's most successful documentary.
    •If the corporation is legal "person" then “what kind of person is it?"
    •http://www.youtube.com/user/machbar
    •
    •The case study method
    What is a case study?
    A description or history of an actual situation presenting a dilemma for an individual or organisation
    Cases may be presented in different ways
    Written cases
    Short or long
    Resolved or unresolved
    Video cases


    •Difficulties with the case study method
    •Problem of knowing what to do
    •What are we learning?
    •Why doesn’t the teacher teach?
    •Steps involved in the analysis of cases
    •Understanding the situation
    •Diagnosing the problems
    •Generating alternative solutions
    •Predicting outcomes of those different solutions
    •Evaluating alternatives
    •Deciding what is the best alternative
    •Communicating the results
    •Reading case studies
    •What to look for in a case study
    –Who are the players?
    –What are the issues?
    –Are there competing interpretation of what is the issue?
    代写 MGX3100 Management Ethics and Corporate Governance 
    •Readings case studies (cont)
    •What are the facts?
    –Problem of missing information
    –Problem of partial knowledge

    •Can you believe what you read?
    –Case writer’s partial knowledge
    –Involvement of case writer
    –
    •Why use cases?
    •Because they help develop certain skills
    –Analytical skills
    –Application skills
    –Creative skills
    代写 MGX3100 Management Ethics and Corporate Governance