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Management Chapter04
- 2. Ethics and Social Responsibility McGraw-Hill/Irwin Contemporary Management, 5/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. chapter four
- 15. Types of Company Stakeholders 4-
- 22. Vendor Conduct 4- Gap’s Code of Vendor Conduct
- 25. Ethical Decision Making 4- Figure 4.3
- 28. Effects of Ethical/Unethical Behavior 4- Figure 4.4
- 35. Determinants of Ethics 4- Figure 4.5
- 41. Approaches to Social Responsibility 4- Figure 4-6
- 49. Johnson & Johnson Credo 4- Figure 4.7 Source: Johnson & Johnson Annual Report.
Notes de l'éditeur
- The correct answer is “D”, stakeholders. A, B, & C are types of stakeholders and are partially correct answers. See next slide for definition of stakeholder. Students should be able to discuss different types of stakeholders and why each has a claim on resources.
- This question can be used to discuss basic compensation, severance packages, “golden parachutes”, and retirement benefits. Students may discuss what level of compensation is okay (or ethical). Retirement benefits received at GE by Jack Welch are appropriate to discuss. Did his success give him the right to more benefits than a retiring VP? Ask students if they were the recipient, would they turn down money/benefits if offered because of their ethical position.
- The correct answer is “A” – Utilitarian rule. See next slide for definition.
- Leonard Maltin’s Video Guide describes John Q as “ a factory worker who’s struggling to make ends meet learns that his insurance will not cover his son’s heart transplant surgery. Assaulted by red tape and uncaring bureaucrats, he commandeers the hospital’s emergency room-willing to do anything to save his child’s life.” In this scene (Ch 6 Runaround), John Archibald (Denzel Washington) finds out that he has been changed to part-time status and that his healthcare coverage has changed. It is not known how the firm communicated this information to employees. Are company’s only bound by the legal requirements? Is a notice in a paycheck enough? Do employees with direct deposit even look at a payroll stub? Is an email adequate? Should companies have a different standard for certain types of information?