Global Impact: Business Ethics

About this course: 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.

Created by:  University of Illinois at Urbana-Champaign

• Taught by:  Patricia Werhane, Visiting Professor

  Department of Business Administration

Basic Info Course 6 of 7 in the Global Challenges in Business Specialization Level Intermediate Commitment 4 weeks of study, 4-6 hours/week Language English How To Pass Pass all graded assignments to complete the course. Complete this course to work toward: Global Challenges in Business Specialization This course is part of the 7-course Global Challenges in Business Specialization from University of Illinois at Urbana-Champaign Learn More Master of Business Administration (iMBA) This course is part of the fully-online 18 courses plus three capstone projects degree program Learn More Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

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University of Illinois at Urbana-Champaign The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.

Syllabus


WEEK 1


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.


6 videos, 8 readings, 1 practice quiz expand

1. Video: Welcome to Global Impact: Business Ethics
2. Reading: Syllabus
3. Reading: About the Discussion Forums
4. Reading: Glossary
5. Reading: Brand Descriptions
6. Practice Quiz: Orientation Quiz
7. Discussion Prompt: Getting to Know Your Classmates
8. Reading: Updating Your Profile
9. Reading: Social Media
10. Reading: Module 1 Overview
11. Reading: Module 1 Readings
12. Video: 1-1.1: Case Study: Merck and River Blindness
13. Video: 1-1.2: Ethical Theories and Their Contributions to Decision-Making
14. Video: 1-1.3: Merck and Moral Reasoning
15. Video: 1-1.4: Merck's Decision
16. Video: Like this course? Learn more with the iMBA! (Optional)

Graded: Module 1 Quiz
Graded: Module 1 Peer Assessment

WEEK 2


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.


5 videos, 2 readings expand

1. Reading: Module 2 Overview
2. Reading: Module 2 Readings
3. Video: 2-1.1: Stakeholder Theory Introduction
4. Video: 2-1.2: Bayer Crop Science and the Issue of Child Labor
5. Video: 2-1.3: Stakeholder Theory
6. Video: 2-1.4: Rights and Justice in Stakeholder Theory
7. Video: 2-1.5: Bayer Crop Science and a Framework for Moral Reasoning

Graded: Module 2 Quiz Over Lectures and Readings

WEEK 3


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.


6 videos, 2 readings expand

1. Reading: Module 3 Overview
2. Reading: Module 3 Readings
3. Video: 3-1.1: Resolving the Bayer CropScience Dilemma
4. Video: 3-1.2: What Price Safety?
5. Video: 3-1.3a: The Issue(s) of Relativism Part. 1
6. Video: 3-1.3b: The Issue(s) of Relativism Part. 2
7. Video: 3-1.4: A Social Contracts Approach to Relativism in Global Commerce
8. Video: 3-1.5: A Social Contract's Approach to Relativism in Global Commerce Review

Graded: Module 3 Quiz Over Lectures and Readings

WEEK 4


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.


5 videos, 2 readings expand

1. Reading: Module 4 Overview
2. Reading: Module 4 Readings
3. Video: 4-1.1: Why do good people and good organizations do bad things?
4. Video: 4-1.2: The Volkswagen Problem
5. Video: 4-1.3: How Can We Explain the Volkswagen Issue?
6. Video: 4-1.4: Obedience to Authority
7. Video: 4-1.5: Developing Moral Courage and Moral Imagination

Graded: Module 4 Quiz Over Lectures and Readings
Graded: Module 4 Peer Assessment