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woman you will probably lose some sales. What should you do?
2. Your company, a large multinational, has a new advertising campaign
which stresses its honesty, fairness and ethical business behaviour. It has
factories in several countries where wages are very low. At present it is paying
workers the local market rate. Should you increase their wages?
3. A colleague in a company which tests medical equipment has been
making bad mistakes recently at work. This is because she has a serious illness.
You are her friend and the only person at work who knows this. She has asked
you to keep it a secret. What should you do?
4. You are directors of a potato snack manufacturing company. Research
has shown that any price increase causes an immediate dip in sales (although
sales recover within six months). It has been suggested that you could maximise
your profits by simply reducing the weight of the product in the packets and
maintaining the current price. What should you do?
2.Do you agree with this statement? Give your reasons.
“If we face a recession we should not lay off employees. The company
should sacrifice a profit. It's management's risk and management's
responsibility. Employees are not guilty; why should they suffer?”
Akio Morita (1921-1999), co-founder of Sony
3. Discuss these questions.
1) There is a proverb, 'When in Rome, do as the Romans do.' What does
the proverb mean? Do you agree with this advice?
2) Would you continue to do business with someone if you disapproved of
their private life? Explain why or why not.
3) Give examples of behaviour which would cause you to stop doing
business with someone.
4. Discuss the following questions.
1) Is it important for companies to have a written code of ethics?
2) Is it more important for some industries than others to have a code of
ethics?
Reading I. 1. Claire Bebbington is External Affairs Manager for a
division of BP (British Petroleum). Read the interview.
(I = Interviewer, CB = Claire Bebbington)
I: Why should companies be ethical or what are the advantages of a
company in behaving ethically?
CB: Mm, I think the whole issue of ethics is a very complex one.
Companies are made of people. Multinationals are made up of many different
nationalities. I think that companies are part of society and as such they should
reflect society’s standards. Companies, especially multinational ones, do have
responsibilities in the world and should try to be a positive influence and I think
if a company is not ethical, then it will not survive as a company.
I: Should a company have a code of ethics?
CB: I think from my point of view it’s useful in two ways. Firstly, it
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woman you will probably lose some sales. What should you do?
2. Your company, a large multinational, has a new advertising campaign
which stresses its honesty, fairness and ethical business behaviour. It has
factories in several countries where wages are very low. At present it is paying
workers the local market rate. Should you increase their wages?
3. A colleague in a company which tests medical equipment has been
making bad mistakes recently at work. This is because she has a serious illness.
You are her friend and the only person at work who knows this. She has asked
you to keep it a secret. What should you do?
4. You are directors of a potato snack manufacturing company. Research
has shown that any price increase causes an immediate dip in sales (although
sales recover within six months). It has been suggested that you could maximise
your profits by simply reducing the weight of the product in the packets and
maintaining the current price. What should you do?
2.Do you agree with this statement? Give your reasons.
“If we face a recession we should not lay off employees. The company
should sacrifice a profit. It's management's risk and management's
responsibility. Employees are not guilty; why should they suffer?”
Akio Morita (1921-1999), co-founder of Sony
3. Discuss these questions.
1) There is a proverb, 'When in Rome, do as the Romans do.' What does
the proverb mean? Do you agree with this advice?
2) Would you continue to do business with someone if you disapproved of
their private life? Explain why or why not.
3) Give examples of behaviour which would cause you to stop doing
business with someone.
4. Discuss the following questions.
1) Is it important for companies to have a written code of ethics?
2) Is it more important for some industries than others to have a code of
ethics?
Reading I. 1. Claire Bebbington is External Affairs Manager for a
division of BP (British Petroleum). Read the interview.
(I = Interviewer, CB = Claire Bebbington)
I: Why should companies be ethical or what are the advantages of a
company in behaving ethically?
CB: Mm, I think the whole issue of ethics is a very complex one.
Companies are made of people. Multinationals are made up of many different
nationalities. I think that companies are part of society and as such they should
reflect society’s standards. Companies, especially multinational ones, do have
responsibilities in the world and should try to be a positive influence and I think
if a company is not ethical, then it will not survive as a company.
I: Should a company have a code of ethics?
CB: I think from my point of view it’s useful in two ways. Firstly, it
51
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