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In this subject, students learn about the societal context in which business operates, together with the skills for reasoning about ethical problems that arise in this context. The course examines the various stakeholders of business and discusses the obligations of corporations to those stakeholders. It considers strategies for achieving corporate social responsibility goals – such as environmental sustainability and social outcomes ‐‐ taking into account both the ethical case and the business case for such strategies. The course also examines a range of alternative approaches to moral reasoning as well as the applications of those approaches to the complex and dynamic ethical problems that confront leaders of modern organizations, both in Australia and in other cultures.
Intended learning outcomes
On completion of this subject, students should:
- Apply the different approaches to moral reasoning and appreciate the limitations of these different approaches;
- Apply various ethical frameworks in the analysis and resolution of ethical problems
- Recognise some of the potential pitfalls of individual moral judgment;
- Describe the different forms that corporate social responsibility can take;
- Demonstrate a critical understanding of the business case for corporate social responsibility;
- Appreciate the ethical dilemmas that arise in persuasion and communication with stakeholders, including customers, workers, and shareholders;
- Respond to the ways in which consumers’ purchase decisions are influenced by their ethical frameworks.
Last updated: 18 December 2020