Loyola University Chicago

John Felice Rome Center

MGMT 321 International Business Ethics

Fall 2013


Instructor: Ray Shaw
Office hours: The instructor will be available from 9am to 10.15am before class or at a mutually convenient time by appointment.
Email: ray.e.shaw@gmail.com
Telephone: +393932763612


The course will investigate general moral theory and then apply it to topics in Business in an International context. In particular the course will focus on justifications and critiques of market Capitalism, economic rationality as opposed to moral reasonableness, justice, property rights, the notion of externalities, conception of responsibility, and various specific ethically sensitive issues both inside the firm (e.g. whistleblowing) and outside it (e.g. climate change).


1) In-Class lecture and discussions
2) Case Studies
3) Student presentations
4) Debates
5) Business Films and Documentaries – these will be screened in the class however DVD recordings of these will be available in the IC.

Classes will be held twice per week and last 75 minutes each. Participants are required to read the materials and prepare cases prior to coming to class. Classes will consist of a lecture by the instructor to be followed by a discussion of the main topics and the assigned cases. Main points about the materials and all doubts brought up by the students will be addressed by the instructor during the class.


•    to properly identify cultural models and philosophical variables explaining the business decision
•    quantify the impact of “ethical approaches”.
•    To evaluate objectively and subjectively, the impact of the selected alternative strategy.
•    To set realistic strategies under a well defined context
•    To categorize variables leading to a defined business ethics situation.
Required Readings

The electronic file of the book is stored in the “Shortcut to Courses” folder accessible from the student’s computer lab. “Business Ethics – A textbook with cases” William H. Shaw.

Recommended Readings

These readings are designed to help students in a more in-depth comprehension on some of the subjects and topics that will be dealt throughout the class sessions:
Halbert/Ingulli. “Law and ethics in the Business environment”


Online Reference & Research Tools:
Business Ethics
Institute for Business & Professional Ethics at DePaul University, Chicago
International Business Forum
KPMG Business Ethics
Center for Ethics in Public Policy and the Professions, Emory University.
The Poynter Center for the Study of Ethics and American Institutions, Indiana University.
http://www.dartmouth.edu/%7Eethics/about.html The Institute for the Study of Applied and Professional Ethics.
http://www.globalethics.org/ Institute for Global Ethics
http://www.josephsoninstitute.org/ Josephson Institute for Ethics
http://www.iit.edu/~csep/ Center for the Study of Ethics in the Professions
http://rider.wharton.upenn.edu/~ethics/ Wharton Ethics Program
www.ghber.org  The Greater Houston Business Ethics Roundtable (GHBER)
http://www.ethicsweb.ca/resources/ W. Maurice Young Centre for Applied Ethic

Additional Sites

http://www.scu.edu/Ethics Ethics in Organizations
http://www.med.upenn.edu/~bioethic Center for Bioethics, University of Pennsylvania


Various elements will be taken into account when determining your final grade. The instructor will explain in detail the content, criteria and specific requirements for all assessment categories but the basic breakdown is as follows below.

Class Participation 20%
Debates 10%
Group Presentations 30%
Mid-Term Exam 10%
Final Exam 30%

Grade distribution:
A 93-100 A- 90–92
B+ 88-89 B 83-87 B- 80-82
C+ 78-79 C 73-77 C- 70-72
D 60-69
F below 60

Class Participation (20%): When determining your class participation grades, traditional criteria such as coming to class well prepared, having read the recommended materials for the class, being willing and capable of interacting with class mates under a team approach, as well as an active, and a meaningful participation are all evaluable criteria shaping the final participation score. Course participants need to be prepared to discuss the assigned cases. Comments or questions about current events in Business Ethics situations, current new articles, books or readings, are also appreciated.

 In order of complexity, the criteria used to measure effective class participation include the following:
1. Relevance: Is the comment relevant to the discussion?
2. Evidence: Does the student support comments well, using data gathered in this class?
3. Clarity: Is the comment clear, complete and concise?
4. Intellectual cleverness: does the comment shed additional light into the key variables determining the business ethics issue?
5. Adequacy: Is the comment pertinent and adequate to the subject matter?
6. Implications: does the analysis of the issue being raced broaden its scope to detect further implications conducive to a better definition of any of the existing models?

Attendance and punctuality are expected and do not count positively towards the participation grade. However, laxity in these areas will have a negative effect on your grade.

Debates (10%): Students will be required to engage in debates in class.
Standards for assessment will be congruent with those in place in US debate contests: conceptual sharpness/mastering of materials, capacity to structure an argument and speak publicly, conciseness, rhetorical effectiveness, ability to respond to arguments made by the opposite side.

Group Presentation (30%): Predetermined groups of 3 or 4 students will develop a PowerPoint presentation ranging from 12 to 15 slides, written in formal English. Satisfactory presentations require some outside research effort and include appropriate citations. Critical perspectives on cases discussed are encouraged. As a practical guideline, imagine yourselves to be a team from a Business Ethics consultancy attempting to make your case to the businesses involved.

Mid-Term Exam (10%)

Final Exam (30%): The midterm and final exams are designed to establish and communicate the progress the student is making towards meeting the course learning objectives listed in the syllabus above. Both examinations are designed to test the student’s ability in three important areas of competency: the amount of information mastered; the accuracy in interpreting and discriminating information; the ability to categorize business ethics problems into existing conceptual philosophical models; and the managerial ability to present pertinent and relevant information in an attractive manner and format.


If you are forced to miss class, please document the legitimacy of the absence, as soon as possible.
Legitimate absences (serious illness or other crisis) should be documented in writing by the appropriate authority. Obviously, appointments should be scheduled for times other than when a class for which you are registered meets.
Each unexcused absence beyond a total of two absences, excused or unexcused is defined as excessive. Whilst, repeated chronic lateness (more than 10 minutes) shall be counted as partial absences. Absences will be totaled over the whole semester. Each additional absence will incur a 5% reduction from the overall course grade.

Exams can only be rescheduled for truly dire and documented reason.


The basic principles and definitions are available in the subsection on "Academic Integrity" in the General Academic Standards and Regulations and the College of Arts and Sciences' Academic Integrity Statement
Any practice of academic dishonesty (cheating, plagiarism, obstructing the work of other students, etc.) perpetrated in this course will result in failure of the course.

Loyola University requires that all instances of academic dishonesty must be reported to the chairperson of the department involved and to the academic Dean of the student's College.


Session No    Topic    Activity

Sept 2nd, 2013    Introduction to the course, Moral Theories and Theories of Justice     Discussion:
•    Relevance of Business Ethics
•    Overview of study material

Sept 4th, 2013    Approaches to Ethics    Group Work: Cases: “Approaches to Ethics, Lyne S.Paine,  Darden Business Publishing 1984 and “Business Ethics: Four Spheres of Executive Responsibility”, J.L.Badaracco. California Management Review, Vol 34, No 3, Spring 1992-

Individual assignment: Questionnaire: “What’s your ethical score?”, R. E. Freeman, Darden Business Publishing. 1985

Sept 9th, 2013
        Presentation of  results of Group work

4, 5,  and 6
11th, 16th and 18rd Sept, 2013
    Relationship of Management Factors on Ethical Standards    Lecture / Discussion

7 and 8
23rd and 25th Sept, 2013
        Group work: Film “ William Wallace – Liberty”

30th Sept, 2013
        Presentation of  results of Group work

2nd Oct, 2013
        Group work: Case Study “Vermilion Iron Mining Company “

7th Oct, 2013
        Presentation of  results of Group work

9th Oct, 2013
    Why different Business practices evolve in different geographical areas    Lecture / Discussion: Differences in Business Practices in US and Italy

14th Oct, 2013
16st Oct, 2013
        TED Video: Emergence of China

21st Oct, 2013
    Differences in National Business Cultures and their effects on Ethical Standards    Lecture / Discussion: Cultural Dimensions  - what they tell us about Moral Standards

23rd Oct, 2013     
    Group work: Resolution of problem defined by instructor  based on  Case Study “Finding the Common Ground Between Russian and American Business Ethics” S.M. Puffer and D.J. McCarthy, CMR, Vol 37, No 2, Winter 1995

28th Oct, 2013        Mid Term Exam

30th Oct,, 2013
    Ethics in Finance    Groupwork:  Article “Ethics in Finance”, R.F. Bruner, Barden Business Publishing, 2006

4th Nov, 2013
        Debate:  Ethical Codes in Finance – For / Against

6th Nov, 2013
    Ethics in Marketing    Lecture / Discussion

11th Nov, 2013
        Groupwork: Treading on that fine line? Caselets in Marketing Ethics”, S. Ikrama, ICMR.2008

13th Nov, 2013
        Presentation of  results of Group work

18th Nov, 2013
    Ethics and Shareholder Interests    Lecture and Discussion

20nd Nov, 2013        Groupwork: Case “ The Case of Google in China”, D. Ptoffitt, Journal of Business Ethics Education, Vol 8, 2011

25th Nov, 2013
        Presentation of  results of Group work

2nd Dec, 2013
    Business Ethics and Compliance Programs    Groupwork: Case Study “United Technologies Corp, Running a Global Ethics and Compliance Program”, L. Stewart and R.E. Freeman, Business Roundtable Institute for Corporate Ethics”, 2005

4th Dec, 2013
        Presentation of  results of Group work

9th Dec, 2013
    Final Exam