daily information 9/24 1 objectives: 1.describe the nature of business. 2.identify a business you...
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Daily Information 9/24
1
Objectives:
1.Describe the nature of business.2.Identify a business you would like to start
Warm Up:
Grab a handout from the center table.
Answer the questions in your warm up book.
Agenda:
1.Warm up2.Continue the “Pick a business” activity3.Intro. to HR P.P.4.Vocab.5.Benefit Package6.Bottom Line
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Human Resources
2
Imagine you have started your own business. What process will you follow with regard to hiring new employees?
Once you have hired your employees, how will you retain them?
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Daily Information 9/24
3
Objectives:
1.Describe the nature of business.2.Identify a business you would like to start
Warm Up:
Grab your paper from last class off the center table.
Agenda:
1.Warm up2.Business activity3.Intro. to HR P.P.4.Vocab.5.Benefit Package6.Google Life7.Benefit Article8.Bottom Line
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Chapter 2 Vocabulary
Baby Boom Baby Bust Frost Belt Sun Belt Rust Belt
Labor Force Labor Participation Rate Glass Ceiling Sticky Floor Syndrome Comparable Worth
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Daily Information 9/25
5
Objectives:
1.Describe the nature of business.2.Identify a business you would like to start
Warm Up:
What are your plans this afternoon?
Agenda:
1.Warm up2.Intro. to HR P.P.3.Benefit Package4.Google Life5.Benefit Article6.Bottom Line
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Daily Information 9/26
6
Objectives:
1.Describe the nature of business.2.Identify a business you would like to start
Warm Up:
What is one thing you learned from watching Shark Tank?
Agenda:
1.Warm up2.Finish Shark Tank video3.Vocab.4.Intro. to HR P.P.5.Benefit Package6.Google Life7.Benefit Article8.Bottom Line
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Chapter 2 Social and Ethical Environment of Business7
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What is Human Resources?
The function within an organization that focuses on recruitment and management for the people who work in the organization.
Advocate for both the company and the people who work in the company.
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Human Resource Issues
CompensationHiring Performance
ManagementSafety and Wellness
Benefits Employee Motivation Employee Training
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Focus on Hiring
Employ candidates Retain candidates Create employee oriented workplaces
To do this, you must have a good understanding of the labor force and its background.
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Labor Force
People 16 years and older that are able and available to work (not all looking for work)– Labor participation rate: willing and able to work– Equal employment: outlaw discrimination (race,
gender, national origin, color, religion, age, and disability)
– Comparable worth: equal pay for similar job requirements (men and women)
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Employment Practices
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Population
– Growing populationdetermined by birth rate, death rate (people are
living longer), level of immigration– Changing population
1983-2001 – Generation Y1965-1982 - Generation X1945-1965 - Baby boom
– Moving populationThe Belts: frost, sun, and rust
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Population of the United States
0
50
100
150
200
250
300
350
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2006
Mil
lio
ns
of
Pe
op
le
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Daily Information 9/30
15
Objectives:
1.Describe the nature of business.2.Identify a business you would like to start
Warm Up:
What issues fall under the umbrella of Human Resources?
Agenda:
1.Warm up2.Benefit Package3.Google Life4.Benefit Article5.Bottom Line
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Benefit Package
16
Review the benefit package in your base group.
**List the types of benefits that are included in this package
**What benefits are not included?
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Benefit Package
17
What will your business offer in the way of benefits to your potential employees? Be specific!
How will these benefits motivate potential employees to work for your business?
**Remember, you want to keep your employee turnover rate low.
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The Google Life
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List your top 5 benefit choices
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Benefit Packages for Small Business
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Read: The Best Benefits Package For Small Businesses
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Bottom Line
What issues fall under the umbrella of Human Resources?
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Daily Information 9/24
21
Objectives:
1. Describe the nature of Human Resources
2. Identify a benefit package and create one for your business.
Warm Up:
What is Human Resources? If your business had a Human Resources department, what would this department contribute to the business?
Agenda:
1.Warm Up2.Human Resources P.P.3.Vocab.4.Review benefit package 5.Bottom Line
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Daily Information
22
Objectives:
1.Discuss how the values of Americans have changed.2.Explain how businesses have adapted.
Warm Up:
Personal values have a direct impact on the type of job you will have and how you will manage a business.
List the values you find important. List the jobs you think will match these and why.
Agenda:
1.Warm Up2.Continue benefit package activity3.Changing values P.P.4.Group review5.Bottom Line
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Benefit Package
23
What will your business offer in the way of benefits to your potential employees? Be specific!
How will these benefits motivate potential employees to work for your business?
**Remember, you want to keep your employee turnover rate low.
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Daily Information 10/1
24
Objectives:
1.Identify the ways in which values have changed.
Warm Up:
No warm up today!!
Agenda:
1.Warm up2.Benefit Article3.Changing Values4.Bottom Line
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Daily Information 10/2
25
Objectives:
1.Identify the ways in which values of Americans have changed.2.Describe ethics and social responsibility in the workplace.
Warm Up:
What did you think of the activity from yesterday? Did it help you have a better understanding of the article?
Agenda:
1.Warm up2.Changing Values PP3.Ethics Video4.Ethics Intro.5.Bottom Line
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Chapter 2 in Perspective
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Changing Values
Transformation of the family– Children living at home ( because of the economy)– Divorce rate – Birth rate – Both parents working
How have businesses responded to the needs of the fast-paced family life?
Time-saving products and increased services
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Workplace Dynamic
Today more men and women work side-by-side then they have in the past
This has led to increases in:– incidents of sexual harassment– dining out – safety in the workplace
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Increased Competition
Strive to produce more for less demands on employees = stress Quality of home life suffers Job insecurity = work longer hours lawsuits
This has caused the post-baby-boom generation to feel less loyal to employers (generation X and Y)
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Social Issues
Problems at home are brought to work
How can this affect employee performance?– Trouble focusing on the task at hand– Come in late– Call out of work often– Disorganized– Become argumentative
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Employer Response
Redesigning jobs– varied, challenging, rotate tasks, empowerment
Improving health and safety– wellness, fitness, and incentive programs;
counseling services
Family-friendly practices– Family Medical Leave Act (FMLA)– Provide day-care facilities and/or flexible hours– Work from home or telecommunicate
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Name That Term
Collection of principles and rules that define right and wrong conduct for an organization
Business Ethics Formal, published collection of values and rules that
reflect a firm’s philosophy and goals
Code of Ethics The duty of a business to contribute to the well-being
of society
Social Responsibility
• Code of Ethics• Business Ethics• Social Responsibility
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Name That Term
Any individuals or groups affected by a firm’s actions, such as owners, customers, suppliers, employees, creditors, government, and the public
Stakeholders Standards of moral conduct and behavior that is valued
as right or wrong
Ethics
• Ethics• Stakeholders
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Business Ethics
What is more important – a business’s responsibility to society,
its employees, or to its stockholders?
Who determines to what moral standard businesses should be held?
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Video: Business Ethics in the 21st Century
http://watch.wliw.org/program/business-ethics-21st-century/
In a new 30-minute documentary, William F. Baker leads a timely discussion about the future of American corporations and how they are redefining their approach to achieving success.
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Daily Information 10/6
36
Objectives:
1.Discuss the role ethics has in business2.Identify ethical dilemmas3. Analyze the pros and cons of social responsibility in business.
Warm Up:Have you ever had to do something you thought might be or knew was wrong, but felt you didn’t have a choice or that it was worth the risk?
Agenda:
1.Warm up2.Ethics Intro.3.Bottom Line
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Identifying Ethical Issues
Fairness and honesty– Businesspeople are expected to refrain from knowingly deceiving,
misrepresenting, or intimidating others.
Organizational relationships– A businessperson should put the welfare of others and that of the organization
above his or her own personal welfare.
Conflict of interest– Issues arise when a businessperson takes advantage of a situation for personal
gain rather than for the employer’s interest.
Communications– Business communications that are false, misleading, or deceptive are both
illegal and unethical.
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Factors Affecting Ethical Behavior
Source: Based on O. C. Ferrell and Larry Gresham, “A Contingency Framework for Understanding Ethical Decision Making in Marketing,” Journal of Marketing, Summer 1985, p. 89.
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Factors Affecting Ethical Behavior
– Individual factors Individual knowledge of an issue Personal values Personal goals
– Social factors Cultural norms Coworkers Significant others Use of the Internet
– Opportunity Presence of opportunity Ethical codes Enforcement
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Factors Affecting Ethical Behavior
– Individual factors Individual knowledge of an issue Personal values Personal goals
– Social factors Cultural norms Coworkers Significant others Use of the Internet
– Opportunity Presence of opportunity Ethical codes Enforcement
Bernard Madoff
What factors have to be at work to allow something like the Bernie Madoff “ponzi scheme” to be as successful as it was for as long as it
was?
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Encouraging Ethical Behavior
External to a specific organization– Governmental legislation and regulations
Within an organization– Code of ethics
A written guide to acceptable and ethical behavior as defined by an organization; it outlines policies, standards, and punishments for violations
– Organizational environment Management direction Employee training Ethics officer
Whistle-blowing– Informing the press or government officials about unethical
practices within one’s organization
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Government Regulation
Sarbanes-Oxley Act of 2002 adopted tough new provisions to deter and punish corporate and accounting fraud and corruption.
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Whistleblower Protection
How important is whistleblower protection?
To what extent should an employer be free to hire and fire whom they
choose?
Would you be scared to report your employer?
© JOHN ROMAN IMAGES/SHUTTERSTOCK
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Social Responsibility
Social Responsibility – The recognition that business activities have an impact on society and the consideration of that impact in business decision making
– Social responsibility costs money but is also good business.
– How socially responsible a firm acts may affect the decisions of customers to do or continue to do business with the firm.
Does a company’s social responsibility affect your decision to do business with them?
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Did You Know….
Getting involved socially = advancing a businesses interests
As societal values change, businesses will continue to shape and be shaped by the society in which it functions.
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The manufacturer of a
leading insect spray
changes the formulation
of its product to eliminate
problems experienced by
people allergic to some of
the ingredients. The
manufacturer does not
inform consumers. The change in the formula will make the
product less effective.
CLASS EXERCISEHow ethical is it?
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CLASS EXERCISEHow ethical is it?
A bribe is paid to a
company official in the
island country of Kocomo to
facilitate the movement of a
product in that country.
Bribes are a normal and
expected business practice
in Kocomo.
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CLASS EXERCISEHow ethical is it?
A beer company engages
in an advertising
campaign that is targeted
to undergraduate college
students, many of whom
are under the legal
drinking age.
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CLASS EXERCISEHow ethical is it?
A rental car company
strongly advises customers
to purchase insurance
when renting a car.
Although most personal car
insurance covers the
insured motorist when
driving a rental car, most
rental car customers are
not aware of this.
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CLASS EXERCISEHow ethical is it?
Consumer Reports publishes the results of a study on shampoos that provides strong evidence that all shampoos are basically the same. In fact, the results suggest that a mild dish-washing liquid will do the same job for a lot less money. After the study is published, a leading shampoo marketer claims that its product will remove oil, add body, condition, and replenish hair better than any competing shampoo and do it all in one step.
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Daily Information 10/9
51
Objectives:
1.Discuss the role ethics has in business2.Identify ethical dilemmas3. Analyze the pros and cons of social responsibility in business.
Warm Up:
What role does ethics have in business?
Agenda:
1.Warm up2.Whistleblower video3.Social Responsibility PP cont..4.Bottom Line
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Whistle-Blower: NY Times Video
How important is whistleblower protection? To what extent should an employer be free to hire
and fire whom they choose? Would you be scared to report your employer?
http://www.youtube.com/watch?v=r9-3K3rkPRE The filmmaker Laura Poitras profiles William Binney, a 32-year
veteran of the National Security Agency who helped design a top-secret program he says is broadly collecting Americans' personal data.
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The Evolution of Social Responsibility in Business
In the first quarter of the 20th century, there were very few government protections for workers or consumers.
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The Evolution of Social Responsibility in Business
Early 1900s:
Caveat Emptor – “Buyer Beware”– What you see is what you get, and if it’s not what
you expected, too bad.
– Most people believed that competition and the marketplace would correct abuses.
– The government became involved only in cases of obvious abuse.
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The Great Depression and Beyond
Pressure mounted for the government to help with the economy and social conditions.
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The Great Depression and Beyond
As government regulation has increased, so has everyone’s
awareness of the social responsibility of business.
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View of Social Responsibility (18th century)
Economic model
Society will benefit most when business is left alone to produce and market profitable products that society needs.
Company’s primary responsibility is to make a profit for its shareholders.
Social responsibility is the problem of government, environmental groups, and charities.
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Views of Social Responsibility (Present Day)
Socioeconomic modelBusiness should be concerned with the impact of its decisions on society.Firms take pride in social responsibility activities It is in the best interest of firms to take the initiative in social responsibility matters.
– Society will demand changes if a corporation is not a responsible member of society.
– Provides protection against legal action from special-interest groups.
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Social Responsibility
As a part of society, business can’t ignore social problems.
Business has the means to tackle social problems.
Addressing social problems can create a more stable environment.
Socially-responsible decision making prevents government intervention.
Businesses are primarily responsible to shareholders.
Corporate time, money and talent should be used to create profit.
Individual businesses can’t be expected to solve problems affecting society in general.
Social issues are the problem of government officials elected for that purpose.
PRO CON
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Stakeholders Expectations
Businesses should be responsible and responsive to their interests.
Donating money to flood victims Providing college scholarships Sponsoring an exhibit on Hindu art at a local
museum
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Business Response
Ensure their activities do not harm the natural environment
Respect the individual rights of a rapidly diversifying workforce
As societal values change, each business will continue to shape and be shaped by the society in which it functions.
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Ethics Assignment
How will you respond to ethical questions?
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Employee Privacy
Do employees have a right to privacy, or does their time belong completely to their
employers?
Employers monitor:Phone callsE-mailInternet usageComputer activitiesMovements in the building
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Bottom Line
What did we talk about today??
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Fortune’s Most Admired Companies in 2013
Apple
Amazon.com
Coca-Cola
Starbucks
IBM
Southwest
Berkshire Hathaway
Walt Disney
FedEx