2 - business in context

7/28/2019 2 - Business in Context

1/14

Business in context

Ryan FehrAssistant Professor

Michael G. Foster School of Business

University of Washington, Seattle


2/14

Making Ethical

Decisions

Managing

Relationships

Building Socially

Responsible Systems

Topics

Context of business

Business power

Ethical decision-making

(sessions 16)

Ethical leadership

Employees and customers

Organizational cultures

(sessions 711)

Business regulations/governance

CSR and sustainability

Globalization and MNCs

(sessions 1221)

Tools

KeyPoin

ts

Many forces influence and are

influenced by business

Business power produces

business responsibility

Think comprehensively

to make optimal decisions

Be cognizant of and responsible

for the ethical culture that you

create for others

Be mindful of stakeholder

rights and interests

Organizations depend on

stakeholders for their survival

To navigate the business

environment, organizations must

know how to address their

stakeholders needs

Principles Critical Thinking

Communication

Integrated Management

Corporate Strategy

Course Framework

Teleology Deontology

Do it! ?? ??

Dont do it! ?? ??

Moral Person Not a MoralPerson

Moral

Management

Ethical

Leadership

Hypocritical

Leadership

No Moral

Management

Moral

Muteness

Unethical

Leadership

Technology

Ethics Strategy

Idyllic

Imprudent IrresponsibleValues &Assumptions

Symbols PowerStructures

Control

Systems

Rituals &

Routines

Stories &

Myths

Formal

Structures

Corporation

Stockholders

EmployeeCommunities

Governments Customers


3/14

What are business, government, and society?

Business

Profit-making activity that provides products andservices to satisfy human needs

Wal-mart, Microsoft, small business, etc.

Government

Structures and processes in society thatauthoritatively make and apply policies and rules

EPA, FDA, Congress, etc.

Society

A network of human relations composed of ideas,institutions, and material things

Everything from our values to our natural resources


4/14

Four models of BGS relations

The MarketCapitalism Model

The DominanceModel

The Stakeholder

Model

The Countervailing

Forces Model


5/14

Did Apples response to the Foxconn incident

address its stakeholders needs?


6/14


7/14

So what does dynamic mean?

Dynamic: marked by usually continuous and productive activity or

change

What three hard truths does Shell think will impact its business

model through 2050?

Scramble Blueprint


8/14

How might each of

these forces impact

Shell in the long run?

Do Blueprint and

Scramble address them?


9/14

Inequality Represents the Gap Between

the Rich and the Poor


10/14

So if everyones getting richer, everyone should

be getting happier, right?


11/14

How might each of

these forces impact

Shell in the long run?

Do Blueprint and

Scramble address them?


12/14

GovernmentStructures and processes in society that authoritativelymake and apply policies and rules

TechnologyTechnologies that influence and are used by business

EconomyForces that influence market operations

CultureShared knowledge, values, norms, and customs NatureEcological systems

LawLegislation, litigation, and regulation

Current business environment:

Focus on the trends!


13/14

How has ExxonMobil experienced the

influence of deep historical forces and thebusiness environment since 1882?


14/14

Are powerpoint slides posted online? Yes, all the slides are posted on blackboard after each class

Should I read before class?

Yes, I recommend the reading the book first, then cases

Can you offer an alternative day for the final?

Im working on it. Assuming I can get a room for it, yes.

Do you have office hours?

I have an open door policy, but its usually easiest to just talk to me after

class

What do you want us to know for tests? The readings andlectures are fair game. I wont nitpick on small details,

but you need to pay attention to all the key terms and concepts. Youll also

get a review sheet for the midterm and final.

Q & A

2 - business in context

Documents