Master of Business Administration Subject Outline

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Why do corporations have social responsibilities?- Business reasons, Moral reasons and Legal reasons.

Corporate social responsibility and forms of CSR

Carroll’s four-part model of corporate social responsibility Arguments For and against Corporate Social Responsibility

CSR and strategy: corporate social responsiveness- 4 ‘philosophies’ or strategies of social

responsiveness (Carroll 1979)

Outcomes of CSR: corporate social performance- Donna Wood theory of CSP Measuring Corporate Social Performance

Corporate Social Responsibility-Business Responsibilities in the 21st Century

Stakeholder theory of the firm- Traditional management model and A network model Why stakeholders matter?

A new role for management as a result of stakeholder theory Stakeholder thinking in an international context

Corporate accountability- Rise of Corporate Power- The problem of democratic accountability Corporate Citizenship- three perspectives

Assessing corporate citizenship as a framework for business ethics

Chapter 3

Making decisions in Business Ethics

What is an ethical decision? Stages in ethical decision-making Ethical decisions- the dilemmas

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Approaches to Ethical decisions- Utilitarian Approach, Principles of Justice approach, Common Good approach, Moral rights approach[pic 2]

Influences on ethical decision-making- Individual factors and Situational factors

Chapter 4

Shareholders as stakeholders:

Understanding corporate governance- A principal/ agent relation

Ethical issues in corporate governance- Executive accountability, Executive remuneration, Role of financial markets and insider trading, reforming governance

Shareholders and globalization-

Shareholders as citizens of the Corporation, Shareholder activism, ethical investment Shareholders for sustainability

Chapter 5

Employees as stakeholders.

Ethical issues in the firm – employee relation- ethical problems between rights and duties, discrimination, employee privacy, due process and layoffs, associations, working conditions, fair wages, right to work

Employing people worldwide - the ethical challenges of globalization – National culture and moral values, Some yardsticks for ethical decision making

Towards sustainable employment-Re-humanized work places, Work-life balance.

Chapter 6

Consumers as Stakeholders- Limits of caveat emptor Ethical Issues, marketing, and the consumer.

Globalization and consumers: the ethical challenges of the global marketplace- Dislocation of

production and consumption.

Consumerism and Corporate Citizenship- Consumer sovereignty and ethical consumption

Chapter 7

Suppliers and competitors as stakeholders.

Ethical issues and suppliers.

Ethical issues and competitors.

Globalization, suppliers, and competitors: the ethical challenges of global business networks.

Chapter 8

Civil society organizations as stakeholders.

Ethical issues and CSOs.- CSO tactics, boycotts and CSO accountability

Globalization and Civil Society Organizations- Overseas CEOs, Global issues and Causes and Globalization of CSOs

Civil Society, Business, and Sustainability- Balancing competing interests, Towards participation and employment

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Chapter 9[pic 3]

Government as a Stakeholder.

Ethical Issues in the Relation between Business and Government- Lobbying, party financing Globalization and Business-Government Relations.

Corporate Citizenship and Regulation.

Recommended Resources

Essential Textbook

Crane, Andrew & Matten Dirk (2011) Business Ethics, Oxford University Press.

Additional Readings

Fernando,A.C(2006), Corporate Governance-Principles, Policies and Practices, Pearson Publications

This is a comprehensive and rigorous reader with contributions from researchers and

experts in a range of areas. It has a thorough approach and is comfortably a post- graduate level. It is a valuable additional source of information and references for the core topics plus a strong basis for the Literature Review with its many references, which is a good example of how to reference properly.

Bhatia, S.K, (2010), Business Ethics and Corporate Governance,Deep & Deep Publications

A comprehensive text with an emphasis on value systems and ethical practices

prevailing in India. This is a readable and thorough text that covers facts, ideas and theories in the areas of its title and is, again, a valuable additional read.

Badi, R.V & Badi,N.V, (2005), Business Ethics, Vrinda Publications.