Social Responsibility and Ethics in Global Business (MNG123)

Aims of the course

The course aims to introduce students to the main concepts of law, ethics, corporate social responsibility and sustainable development. The recent Global Financial Crisis has increased the spotlight on ethical matters and has raised the question of how the economic and social environment have to be designed in order to contribute to the needs of the society. Whereby the idea of self-regulation and corporate social responsibility plays an important role in Anglo-Saxon Countries, regulation by the state is emphasized more in the European Context. Most business representatives prefer the idea of strengthening the concept of Corporate Social Responsibility (CSR) as it shifts decision-making power from the state towards corporations. On the other hand, NGOs and representatives by the society favour a more active role by the government. The course will not follow any ideology, but will discuss various approaches. Moreover a focus will be put on the stakeholder theory – the role of employees, consumers and society in a globalized World.

Learning outcomes

  • Introduce students to the core concepts of  business ethics and social responsibility in practice.
  • Discuss and analyze issues within the area of ethics in economics and business.
  • Assess and analyse ethical dilemmas.
  • Develop a general orientation in social and moral business dilemmas of our times.
  • Understand ethics as a key of the soft skills elements in an international context.
  • Apply critical thinking and problem solving skills in a changing environment.
  • Demonstrate knowledge and ability to evaluate and assess ethical theories by appealing to realistic scenarios.
  • Explain the relevance of modern ethical theory towards business managers and economists as a tool that guarantees that business serves primarily the interests of society.