Global Impact: Business Ethics
Global business ethics is the study and analysis of how ethics and global business are connected. How we should treat each other and our organizations in global and local contexts is the topic of this course. Business ethics and corporate responsibility are inherent in global commerce. Commerce is about markets, and markets entail exchanges between people and groups of people. So commerce is about human relationships, and indeed, it could not be otherwise.
One of the important challenges in global business is working out the extent of these obligations in the interrelationships between businesses and the particular local cultures in which that business operates. The ethical issues arising from these engagements, the kinds of values-based considerations out of which an organization negotiates with local concerns, and how an organization can be both an enabler of economic value-added while respecting cultural differences will be topics of this course.
Upon successful completion of this course you will be able to:
• Become morally sensitive to ethical dilemmas in global commerce
• Identify ethical issues in global business
• Master stakeholder analysis
• Address issues from more than one point of view
• Use a well-reasoned process by which to arrive at ethically-defensible decisions
• Evaluate good and weak arguments
• Defend your conclusions
This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Course Orientation & Module 1 Is Ethics Part of Business?
-You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. Identify what we mean by ethics and moral reasoning. Learn about the “do the right thing” approach, utilitarianism, and theories of justice. Understand why these theories are important for moral reasoning and for commerce. Be familiar with the framework for moral reasoning. Apply this framework in a case analysis.
Module 2: Stakeholder Theory: Bayer CropScience in India
-Distinguish stakeholder theory from managerial shareholder theory. Be able to use stakeholder theory in the framework for moral reasoning. Apply the model to one case, e.g., Merck, BHP or the Oil Rig.
Module 3: In Rome should we do as the Romans do?
-Be able to distinguish egoism, role relativism, cultural relativism, ethical relativism and some forms of universalism. Apply these distinctions to the “Greed is Good” speech on the attached video. Apply these distinctions using the framework introduced in Module 1.
Module 4: Why Do Good People and Good Organizations do Bad Things?
-Understand the challenges of globalization in emerging markets. Change dependent mindsets about “the poor.” Distinguish the difference between “responsibility to” and “partnerships with.” Grasp how poverty can be alleviated even by students.