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Business Ethics - 5 March 2007
This Problem Based Learning (PBL) activity looks at the issue of business ethics. It is centred on a legal case in the United States involving tobacco company Philip Morris. The case highlights the debate over who takes responsibility for the effects of a product such as tobacco on the health of individuals, as well as raising questions about the ethical responsibility of businesses to their stakeholders.
Learning Objectives
At the end of this PBL activity, students might have covered some of the following areas:
- The meaning of 'ethical responsibility' in business
- The meaning of the term 'stakeholders'
- An understanding and appreciation of the responsibilities and conflicts that businesses have to their stakeholders
- The wider effects of legislation and cases brought by those who are affected by a businesses activity
- The nature and meaning of the term 'externalities'
- The extent to which a business should be responsible for the damage they inflict on consumers
- The responsibilities of businesses in advertising and marketing their products
Resources:
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