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Introduction to Business 2e

Preparing for Tomorrow's Workplace Skills

Introduction to Business 2ePreparing for Tomorrow's Workplace Skills

Preparing for Tomorrow's Workplace Skills

  1. Many CEOs have sold shares of their company’s stock when prices were near their high points. Even though their actions were legal, it soon became apparent that they knew that the stock was significantly overpriced. Was the CEO ethically obligated to tell the public that this was the case—even knowing that doing so could cause the stock price to plummet, thereby hurting someone who bought the stock earlier that day? (Systems)
  2. Jeffrey Immelt, former chairman and CEO of General Electric, one of the world’s most-admired companies according to Fortune magazine, says that execution, growth, and great people are required to keep the company on top. Immelt said that these are predictable, but a fourth factor is not—virtue, and virtue was at the top of his list. Using a search engine, find articles on what GE is doing to enhance its corporate citizenship. Report your findings to the class. Could GE do more, or are they already doing too much? Why? (Systems, Technology)
  3. Boeing Corp. makes business ethics a priority, asking employees to take refresher training every year. It encourages employees to take the Ethics Challenge with their work groups and to discuss the issues with their peers. You can take your own ethics challenge. Go to the Ethics Quick Test and answer the questions. Summarize your findings. Were there any answers that surprised you? (Information)
  4. Identify the potential ethical and social responsibility issues confronting the following organizations: General Motors, Adidas, Johnson & Johnson, and Target. Make recommendations on how these issues should be handled. (Systems)
  5. Team Activity Divide the class into teams. Debate whether the only social responsibility of the employer to the employee is to provide a job. Include a discussion of the employee’s responsibility to bring value to the firm. Also, debate the issue of whether the only social responsibility of a firm is to earn a profit. (Interpersonal)
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