Monday, July 21, 2008

ENRON: The Parable

Q1. Briefly explain the factors that led to the demise of Enron? How such an incident could occur despite all the checks and balances imposed by the Securities Commission of USA?

Q2. Do you agree with the author that the firm Arthur Anderson is morally responsible for the hurt experienced by the Enron employees? Why or why not?

Q3. Should financial analysts be held responsible for the losses suffered by investors when things do not go right as per their advice? Why or why not?

Morality, Money and Motor Cars

Q1. Do you agree with the author’s argument that automakers’ are only responsible for deaths and injuries attributable to unsafe automobile designs but not for deaths on the highway? Explain.

Q2. Businesspeople often argue that “Polluting a lake is not like injuring a human with a faulty product”. Do you agree with the above logic?

Q3. Do you agree with the author’s argument that businesses are not obligated to produce environmental friendly products unless the Government can convince consumers to purchase them?

Reading 5.1: “Rethinking the Social Responsibility of Business: A Reason Debate Featuring Milton Friedman, Whole Foods’ John Mackey, and Cypress Sem

Q1. Of the three (3) views put forth re: social responsibility of business, which view do you support and why?

Q2. Do you think Rodger’s correct when he argues that corporations add far more to society by maximizing “long term shareholder value than they do by donating time and money to charity”? Why or why not?

Q3. Do you agree with Mackey’s argument that businesses like medicine, law and education possess noble purposes? Why or why not?

Readings 4.1: Good Business Sometimes Means the Customer Doesn’t Come First

Q1. Starbucks approach to business is to put “employee first” whereas Johnson & Johnson’s approach is “customers first”. In your opinion, which is the better approach?

Q2. Did Starbucks live up to its motto of employees first? If not, why?

Q3. How would you compare Starbucks actions to those of automakers who claim that they are only responsible for deaths and injuries due to automobile designs? (Reading 9.1)

Reading 8.4: Wrestling with Ethics: Is Marketing Ethics an Oxymoron?

Q1. Do you agree with the author that marketing ethics is an oxymoron? Why?

Q2. Whose responsibility is it to protect consumers from products that are not good for them (e.g. cigarettes or alcohol)? Manufacturers, customers or Government? Cite relevant theories/evidence to support your arguments.

Q3. Do marketers have a moral responsibility not to use their marketing skills to sell more of their products/services to susceptible groups? Explain.

Reading 7.2: Gene Machine: Keep Your Hands Off Our Genes

Q1. Do you agree with the author’s view that genetic testing in the workplace should be banned? Why or why not?

Q2. Are your genetic fingerprints considered personal or personnel property? Cite relevant theories/examples to support your arguments.

Q3. In your opinion, should genetic testing be permitted in the workplace in Malaysia? Why or why not?

Reading 6.1: Worker Rights and Low Wage Industrialization: How to Avoid Sweatshops

Q1. Some economists and proponents of classical liberalism contend that not only do sweatshops constitute an inevitable and essential feature of economic development but they also benefit the world’s poor. Do you agree with the above statement? Support your arguments with relevant ethical theories/examples.

Q2. Are MNCs morally obliged to improve the working conditions and wages in their subcontractors’ factories? Why or why not?

Q3. The authors suggest the voluntary adoption of a Code of Conduct by MNCs as a solution to the continued existence of sweatshops. Do you think this will work? Why?