new international version ), paul tells us B u s i n e s s F i n a n c e

new international version ), paul tells us B u s i n e s s F i n a n c e

MGT-445: Ethical & Legal Business Concepts

Getting Started

In 1 Corinthians 9:19-23 (New International Version), Paul tells us, Though
I am free and belong to no one, I have made myself a slave to everyone,
to win as many as possible. To the Jews I became like a Jew, to win
the Jews. To those under the law I became like one under the law
(though I myself am not under the law), so as to win those under the
law. To those not having the law I became like one not having the law
(though I am not free from God’s law but am under Christ’s law), so as
to win those not having the law. To the weak I became weak, to win the
weak. I have become all things to all people so that by all possible
means I might save some. I do all this for the sake of the gospel, that
I may share in its blessings.”

Upon successful completion of this assignment, you will be able to:

  • Apply ethical principles to business torts, business crimes, and business liability.

Resources

  • Bible
  • Article: Tom’s Shoes: Truly Ethical
  • Article: Apple Report Details Response to Foxconn Suicides

Background Information

Different countries often have different customs. Knowing how to
navigate through the different cultures may very well mean the
difference between success and failure as a company chooses to expand
overseas.


Instructions

  1. Review the rubric to make sure you understand the criteria for earning your grade.
  2. Select one of the case studies from below:
    1. Tom’s Shoes: Truly Ethical
      1. Questions to answer in the template for Tom’s Shoes: Truly Ethical? case study
        1. Is the model of TOMS buy-one-give-one-away model more ethical
          company than the traditional donating to a charity by a manufacturer?
          Why?
        2. Would you pay a higher price for a shoe like the simple linen shoe
          produced by TOMS because it follows the buy-one-give-one-away model?
          Why?
        3. Could an existing business enhance its ethical ideals by shifting to
          Model like TOMS? How? Questions to answer in the template for Tom’s
          Shoes: Ethical? case study
        4. Many have criticized TOMS in that the dumping of thousands of shoes
          into local markets causes harm, due to the loss of business for the
          local shoe manufacturers and vendors. What response would you advise
          TOMS to give to this criticism?
    2. Apple Report Details Response to Foxconn Suicides
      1. Questions to answer in the template for Suicides at Foxconn case study.
        1. The article mentions better training of hotline staff and care
          center counselors at the recommendation of “team of suicide prevention
          experts, Foxconn also surrounded the buildings with nets to prevent any
          further suicide attempts. Do you think Foxconn’s response will be
          sufficient to prevent any future suicide attempts by its employees? Why
          or why not?
        2. Foxconn claimed it was working on very thin margins but announced it
          would raise wages at the factory 20 percent. Do you think the increase
          in salaries after the rash of suicides was ethical? Why or why not?
        3. Was Foxconn’s response an example of proactive or reactive ethics? Why?
        4. Does Apple’s comment that Foxconn “was not a sweatshop” mean that the conditions were acceptable? Why or why not?
  3. Download and complete the Template for Evaluating Case Studies.docx for the case study you selected.
    1. The instructions, format, and assessment rubric for completing the case study are in the template.
    2. The length of each reply required is very specific. Your answer
      must be focused and on target. If you are asked to complete an
      Executive Summary for any business project, the ability to be focused
      and on target is required.
    3. Critical thinking will also be required to show the connections
      between ethical theories and personal behavior in your evaluation.
  4. When you have completed your assignment, save a copy for yourself
    and submit a copy to your instructor by the end of the workshop.