Business Ethics (King Abdulaziz University, Jeddah)
This aim of this course is to introduce students to the social responsibility of organizations towards the community. It focuses on some ethical issues facing organizations and what the effects of such issues on the decision makers in their dealing with society. This course, also, encourages students to behave according to the required ethical standards as employees and managers in their organizations.
1. To sensitize the students to the ethical dimensions of business and to train them to identify ethical dilemmas, analyze them systematically and resolve them based on ethical principles and moral theory.
2. To examine the ethical dimensions of business from different perspectives and to introduce tools of ethical analysis of management decisions involving difficult choices between right and wrong.
3. To convey the importance and functionality of core values, codes of contact and a culture of ethical behaviour as powerful management tools in the workplace and sources of trust and reputation in the marketplace.
4. To help participants evaluate the social responsibility standards of companies, identify socially responsible initiatives and convey tools for their effective implementation and evaluation.
The students completing the course should be able to readily identify ethical dilemmas in business, analyze them based on ethical principles, and resolve them in a defensible direction or vigorously evaluate the ‘morality’ of others’ decisions, again based on alternative moral theories. They will also be able to understand corporate social responsibility both as an ethical obligation to society and as an opportunity for business thereby creating value for both. More specifically the participants of the course are expected to learn:
1. How to respond to society’s changing ethical values and rising expectations for business to be more transparent, accountable and socially responsible.
2. How to identify, diagnose, analyze and resolve ethical dilemmas that managers are confronted with.
3. How to identify and resolve conflicts of interest before they damage the organization.
4. How to anticipate and pre-empt emerging threats to the image and reputation of the company. How to use core values and codes of conduct as a management tools to maintain employee motivation and customer loyalty.
5. How to gain competitive advantage and goodwill by building trust and reputation for ethical behaviour.
6. How to strategically select socially responsible initiatives and how to implement them as to create shared value for business and society.
Required Text Book:
Ethical decision making in business: A managerial approach. Fraedrich, J., Ferrell L. and Ferrell O. C. South-Western Cengage Learning (9th Edition), 2011.