Business Ethics and Business Policy: Introduction To The Field
Business Ethics and Business Policy: Introduction To The Field
Business Ethics and Business Policy: Introduction To The Field
business policy
Introduction to the field
Business,
Society, and
the 21st Century
key
What is B/G/S
relationship based on?
Market
capitalism model
Dominance model
Dynamic forces model
Stakeholder model
Exxon Valdez
Worlds
biggest company
Companys biggest ship
Who is the Captain Hazelwood???
WHY DID GM
LOSE GROUND??
neglect of stockholders?
according to this course,
not that simple
neglect of
stakeholders
GM
stakeholder concept
A key idea of course.
not just stockholders!
Primary stakeholders???
Employees
(Delorean)
Etc.
GM
Competitors
(Toyota, etc.)
Suppliers
(oil companies?)
Customers
(wine and cheese types
like you and me!)
Secondary stakeholders???
Foreign
Governments
(Yamani..)
Communities
(Flint Michigan)
GM
General public
Social activists
(Ralph, Rosa,
Rachel)
Media
(TV, including
C-Span)
1-7
Changing role of
government and
public policy
change
Ethical expectations
and public values
Ecological and
natural resource concerns
Business and
its
stakeholders
Primary stakeholders???
Employees
INB
Competitors
Suppliers
Customers
Secondary stakeholders???
Foreign
Governments
Communities
General
Public
INB
Social
Activists
Media
Note.
distinction
Peregrine
Poor Peregrine!
What
is (was) Peregrine?
What went wrong?
Who got hurt?
employees,
families
general public
(economy suffers)
stockholders,
partners
HKUST students
who are now poorer
banks,
creditors
taxi firms in Indonesia
Peregrine
worried German
investors
clients,
investors
competitors
government: less
(more business, income,more demand
less confidence)
todays business
environment:
more
historical factors
China: no respect for business
1949: Mao abolishes business
HK thrives as outlet for China
1978:
todays business
environment (continued):
historical
factors continued
1978: Deng OKs rural food sales
no turning back! every year...
HK thrives as port for China
1997: HK now key Chinese city
expectations gap!!!
strategic & social challenges
ethical expectations
global changes
governments changing too
environment
WEB ASSIGNMENT 1
COMING SOON
OK
to practice now!
OK to answer now but read
chapters 5 and 6 first
web assignment #1
great