Lahore University of Management Sciences
MGMT 242 Business Ethics and Corporate Social Responsibility
Fall Semester 2015
Instructor
Room No.
Office Hours
Email
Telephone
Secretary/TA
TA Office Hours
Course URL (if any)
Razi Allah Lone
SDSB 4-40
TBA
[email protected]111-115-867 Ext: 5014
TBA
TBA
suraj.lums.edu.pk
COURSE BASICS
Credit Hours
Lecture(s)
Recitation/Lab (per week)
Tutorial (per week)
3
Nbr of Lec(s) Per Week
Nbr of Lec(s) Per Week
Nbr of Lec(s) Per Week
Duration
Duration
Duration
1h 15m
COURSE DISTRIBUTION
Core
Elective
Open for Student Category
Closed for Student Category
Core
Freshman, Sophomore, Juniors, and Seniors
COURSE DESCRIPTION
This course provides an introduction to ethics and their application in the arena of business. It begins with an exploration of
theoretical concepts and related contestations in the area of moral philosophy. Thereafter, descriptions and analyses of the
problems and challenges posed by ethical dilemmas in real-world situations, using the lens of the conceptual frameworks, form a
major part of this course. To this end, issues on the levels of the individual, the organization and the system/society will be taken
up as they relate to the internal and external stakeholders of businesses; furthermore, debates around the idea of corporate social
responsibility and its use as a policy will be one of our focuses. Since the underpinnings of moral philosophy explored at the
beginning of the course are primarily areligious, and since a broad perspective on ethics and morality should include the role of
religion and culture, this becomes our point of departure for discussing the Islamic ethical philosophy and prescriptions for
business.
This course is divided into the following six modules:
Module 1: Foundations of Ethics: Introduction to Moral Philosophy
Module 2: The Business System: Government and Markets
Module 3: Ethical Issues in Business Settings: External Stakeholder Issues
Module 4: Ethical Issues in Business Settings: Internal Stakeholder Issues
Module 5: Ethics and Corporate Social Responsibility
Module 6: Islamic Business Ethics
Lahore University of Management Sciences
COURSE PREREQUISITE(S)
None
COURSE LEARNING OBJECTIVES
To develop an in-depth comprehension of the three-pillars of the discipline, viz. moral philosophy, ethical issues and
dilemmas, and corporate social responsibility
To strengthen students ability to anticipate, analyze, evaluate, and appropriately respond to some of the critical ethical
challenges, which managers confront in the business world
To enable students to appreciate the Islamic principles of ethical conduct in business
UNDERGRADUATE PROGRAM LEARNING GOALS & OBJECTIVES
General Learning Goals & Objectives
Goal 1 Effective Written and Oral Communication
Objective: Students will demonstrate effective writing and oral communication skills
Goal 2 Ethical Understanding and Reasoning
Objective: Students will demonstrate that they are able to identify and address ethical issues in an organizational
context.
Goal 3 Analytical Thinking and Problem Solving Skills
Objective: Students will demonstrate that they are able to identify key problems and generate viable solutions.
Goal 4 Application of Information Technology
Objective: Students will demonstrate that they are able to use current technologies in business and management
context.
Goal 5 Teamwork in Diverse and Multicultural Environments
Objective: Students will demonstrate that they are able to work effectively in diverse environments.
Goal 6 Understanding Organizational Ecosystems
Objective: Students will demonstrate that they have an understanding of Economic, Political, Regulatory, Legal,
Technological, and Social environment of organizations.
Major Specific Learning Goals & Objectives
Goal 7 (a) Program Specific Knowledge and Understanding
Objective: Students will demonstrate knowledge of key business disciplines and how they interact including
application to real world situations.
Goal 7 (b) Understanding the science behind the decision-making process (for MGS Majors)
Objective: Students will demonstrate ability to analyze a business problem, design and apply appropriate
decision-support tools, interpret results and make meaningful recommendations to support the decision-maker
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PROGRAM LEARNING GOALS AND
OBJECTIVES
COURSE LEARNING OBJECTIVES
COURSE ASSESSMENT ITEM
Goal 1 Effective Written and Oral
Communication
Speaking and writing skills are honed
through articulation of well-formulated
ideas during class discussion, and in
assignments and exams
An in-depth understanding of moral
philosophy, ethical dilemmas and CSR is
developed
The ability to anticipate, analyze, evaluate
and appropriately respond to critical
ethical challenges is strengthened
Class Participation, Assignment,
Midterm, Final
Resolve differences of opinion while
working in teams by collaboratively
analyzing and evaluating ethical dilemmas
Assignment
Appreciate the criticality of the context in
which organizations operate, particularly
through the lens of CSR
Quiz, Final
Understand how and what moral issues
arise in various functional areas of a
business
Quiz, Assignment, Midterm, Final
Goal 2 Ethical Understanding and
Reasoning
Goal 3 Analytical Thinking and Problem
Solving Skills
Goal 4 Application of Information
Technology
Goal 5 Teamwork in Diverse and
Multicultural Environments
Goal 6 Understanding Organizational
Ecosystems
Goal 7 (a) Program Specific Knowledge
and Understanding
Goal 7 (b) Understanding the science
behind the decision-making process
Understand the models of moral
development and frameworks of ethical
decision-making
Quiz, Assignment, Midterm, Final
Class Participation, Quiz, Assignment,
Midterm, Final
Quiz, Assignment, Midterm, Final
LEARNING OUTCOMES
Upon successful completion of this course, students should be able to:
1.
2.
3.
4.
5.
6.
Demonstrate comprehension of some principal ethical theories that can guide their thinking
Apply the moral reasoning process through the lens of various ethical theories
Appreciate the importance of ethical decision making and the difficulties inherent therein
Evaluate ethical problems by navigating the terrain of external and internal stakeholders of businesses
Understand the concept of CSR and the debates around it
Comprehend and debate the role of religion and culture in analyzing ethical issues
GRADING BREAKUP AND POLICY
Assignment(s): 20%
2 assignments will be given through the course. The format and other requirements will be specified by the instructor.
Students will have to present their work too.
Assignments submitted after the deadline will not be accepted.
Class Participation: 7%
CP is graded between 0-4 points each session for each student; points are given primarily on qualitative basis.
Coming late to the class (after 5 minutes) causes you to lose 1 CP point for the session.
Attendance: 3%
You can have up to 4 absences throughout the course without losing any attendance points.
Coming late to the class (after 5 minutes) or being away from the class for more than 10 minutes gets you marked Late for
Lahore University of Management Sciences
the session. Two late markings equal one Absent marking.
Please switch off your mobile phones before entering the class.
Quiz(s): 20%
Quizzes will be fielded unannounced as reading spot checks.
Out of a total of five quizzes, one will be dropped. No make-up quizzes will be given.
Midterm Examination: 20%
Final Examination: 30%
EXAMINATION DETAIL
Midterm
Exam
Final Exam
Yes/No: Yes
Combine Separate:
Duration:
Preferred Date:
Exam Specifications: TBA
Yes/No: Yes
Combine Separate:
Duration:
Exam Specifications: TBA
COURSE OVERVIEW
WEEK/
LECTURE/
MODULE
Week 1
Week 2, 3 &
4
Week 5
Week 6
Week 7 & 8
TOPICS
Introduction & Overview:
Why Study Business Ethics?
The Nature of Business Ethics
Moral Reasoning
Module 1
Foundations of Ethics:
Introduction to Moral Philosophy
Consequentialist and NonConsequentalist Theories
Virtue Ethics
Module 2
The Business System:
Government and Markets
Module 3
Ethical Issues in Business Settings:
External Stakeholder Issues
(Environment)
Module 3
Ethical Issues in Business Settings:
External Stakeholder Issues (Production
and Marketing)
Mid Term
RECOMMENDED
READINGS
Chapter 1 (Velasquez, 2006)
Chapter 2 (Velasquez, 2006)
OBJECTIVES/
APPLICATION
Introduction and discussion on the
importance of the subject
Understand how moral reasoning
works
Understand the four widely used
bases for making ethical decisions
in various business contexts
Appreciate the arguments for and
against markets and free trade
Chapter 3 (Velasquez, 2006)
Chapter 5 (Velasquez, 2006)
Chapter 6 (Velasquez, 2006)
Explore how certain business
practices damage the environment,
and the ethical responsibility of
businesses
Discuss different theories of a firms
duties to consumers, and the
ethical dimensions of advertising
and consumer privacy
Lahore University of Management Sciences
Week 9 &
10
Week 11 &
12
Week 13
Module 4
Ethical Issues in Business Settings:
Internal Stakeholder Issues (Job
Discrimination)
Module 4
Ethical Issues in Business Settings:
Internal Stakeholder Issues (Employees
Rights and Obligations)
Module 5
Ethics and Corporate Social
Responsibility:
Arguments for and against CSR
Principles of Social Responsibility in
Business
Schools of Thought on Social
Responsibility
Module 6
Islamic Business Ethics
Week 14
Chapter 7 (Velasquez, 2006)
Chapter 8 (Velasquez, 2006)
Analyze the nature and extent of
job discrimination along with the
ethical dilemmas inherent in
affirmative action
Understand the employees rights
and responsibilities and a firms
duties to the employee
Reading: Detienne, K.B., Lewis,
L.W. The Pragmatic and Ethical
Barriers to Corporate Social
Responsibility Disclosure: The
Nike Case. Journal of Business
Ethics. 2005.
Discuss the varying views on CSR
and evaluate the arguments for and
against it using Nike as a case
Parts 1, 2, 3, 4 and 5 (Beekun,
1996)
Reading: Khan, Kishwar., Aftab,
Sarwat. Consumer Protection in
Islam, Australian Economic
Papers. 2000.
Understand the Islamic precepts of
ethical business conduct and
appreciate their relation with the
Islamic Worldview
TEXTBOOK(S)/SUPPLEMENTARY READINGS
Velasquez, M. G. (2006). Business Ethics: Concept and Cases. Delhi: Pearson.
Beekun, R.I. (1996). Islamic Business Ethics. International Institute of Islamic Thought.
