Daily Information 9/24 1 Objectives: 1.Describe the nature of business. 2.Identify a business you...

Daily Information 9/24

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Objectives:

1.Describe the nature of business.2.Identify a business you would like to start

Warm Up:

Grab a handout from the center table.

Answer the questions in your warm up book.

Agenda:

1.Warm up2.Continue the “Pick a business” activity3.Intro. to HR P.P.4.Vocab.5.Benefit Package6.Bottom Line

Human Resources

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Imagine you have started your own business. What process will you follow with regard to hiring new employees?

Once you have hired your employees, how will you retain them?


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Objectives:


Warm Up:

Grab your paper from last class off the center table.

Agenda:

1.Warm up2.Business activity3.Intro. to HR P.P.4.Vocab.5.Benefit Package6.Google Life7.Benefit Article8.Bottom Line

Chapter 2 Vocabulary

Baby Boom Baby Bust Frost Belt Sun Belt Rust Belt

Labor Force Labor Participation Rate Glass Ceiling Sticky Floor Syndrome Comparable Worth

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Objectives:


Warm Up:

What are your plans this afternoon?

Agenda:

1.Warm up2.Intro. to HR P.P.3.Benefit Package4.Google Life5.Benefit Article6.Bottom Line


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Objectives:


Warm Up:

What is one thing you learned from watching Shark Tank?

Agenda:

1.Warm up2.Finish Shark Tank video3.Vocab.4.Intro. to HR P.P.5.Benefit Package6.Google Life7.Benefit Article8.Bottom Line

Chapter 2 Social and Ethical Environment of Business7

What is Human Resources?

The function within an organization that focuses on recruitment and management for the people who work in the organization.

Advocate for both the company and the people who work in the company.

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Human Resource Issues

CompensationHiring Performance

ManagementSafety and Wellness

Benefits Employee Motivation Employee Training

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Focus on Hiring

Employ candidates Retain candidates Create employee oriented workplaces

To do this, you must have a good understanding of the labor force and its background.

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Labor Force

People 16 years and older that are able and available to work (not all looking for work)– Labor participation rate: willing and able to work– Equal employment: outlaw discrimination (race,

gender, national origin, color, religion, age, and disability)

– Comparable worth: equal pay for similar job requirements (men and women)

Employment Practices

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Population

– Growing populationdetermined by birth rate, death rate (people are

living longer), level of immigration– Changing population

1983-2001 – Generation Y1965-1982 - Generation X1945-1965 - Baby boom

– Moving populationThe Belts: frost, sun, and rust

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Population of the United States

0

50

100

150

200

250

300

350

1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2006

Mil

lio

ns

of

Pe

op

le


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Objectives:


Warm Up:

What issues fall under the umbrella of Human Resources?

Agenda:

1.Warm up2.Benefit Package3.Google Life4.Benefit Article5.Bottom Line

Benefit Package

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Review the benefit package in your base group.

**List the types of benefits that are included in this package

**What benefits are not included?

Benefit Package

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What will your business offer in the way of benefits to your potential employees? Be specific!

How will these benefits motivate potential employees to work for your business?

**Remember, you want to keep your employee turnover rate low.

The Google Life

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List your top 5 benefit choices

Benefit Packages for Small Business

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Read: The Best Benefits Package For Small Businesses

Bottom Line

What issues fall under the umbrella of Human Resources?

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Objectives:

1. Describe the nature of Human Resources

2. Identify a benefit package and create one for your business.

Warm Up:

What is Human Resources? If your business had a Human Resources department, what would this department contribute to the business?

Agenda:

1.Warm Up2.Human Resources P.P.3.Vocab.4.Review benefit package 5.Bottom Line

Daily Information

22

Objectives:

1.Discuss how the values of Americans have changed.2.Explain how businesses have adapted.

Warm Up:

Personal values have a direct impact on the type of job you will have and how you will manage a business.

List the values you find important. List the jobs you think will match these and why.

Agenda:

1.Warm Up2.Continue benefit package activity3.Changing values P.P.4.Group review5.Bottom Line

Benefit Package

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What will your business offer in the way of benefits to your potential employees? Be specific!

How will these benefits motivate potential employees to work for your business?

**Remember, you want to keep your employee turnover rate low.


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Objectives:

1.Identify the ways in which values have changed.

Warm Up:

No warm up today!!

Agenda:

1.Warm up2.Benefit Article3.Changing Values4.Bottom Line


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Objectives:

1.Identify the ways in which values of Americans have changed.2.Describe ethics and social responsibility in the workplace.

Warm Up:

What did you think of the activity from yesterday? Did it help you have a better understanding of the article?

Agenda:

1.Warm up2.Changing Values PP3.Ethics Video4.Ethics Intro.5.Bottom Line

Chapter 2 in Perspective

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Changing Values

Transformation of the family– Children living at home ( because of the economy)– Divorce rate – Birth rate – Both parents working

How have businesses responded to the needs of the fast-paced family life?

Time-saving products and increased services

Workplace Dynamic

Today more men and women work side-by-side then they have in the past

This has led to increases in:– incidents of sexual harassment– dining out – safety in the workplace

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Increased Competition

Strive to produce more for less demands on employees = stress Quality of home life suffers Job insecurity = work longer hours lawsuits

This has caused the post-baby-boom generation to feel less loyal to employers (generation X and Y)

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Social Issues

Problems at home are brought to work

How can this affect employee performance?– Trouble focusing on the task at hand– Come in late– Call out of work often– Disorganized– Become argumentative

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Employer Response

Redesigning jobs– varied, challenging, rotate tasks, empowerment

Improving health and safety– wellness, fitness, and incentive programs;

counseling services

Family-friendly practices– Family Medical Leave Act (FMLA)– Provide day-care facilities and/or flexible hours– Work from home or telecommunicate

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Name That Term

Collection of principles and rules that define right and wrong conduct for an organization

Business Ethics Formal, published collection of values and rules that

reflect a firm’s philosophy and goals

Code of Ethics The duty of a business to contribute to the well-being

of society

Social Responsibility

• Code of Ethics• Business Ethics• Social Responsibility

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Name That Term

Any individuals or groups affected by a firm’s actions, such as owners, customers, suppliers, employees, creditors, government, and the public

Stakeholders Standards of moral conduct and behavior that is valued

as right or wrong

Ethics

• Ethics• Stakeholders

Business Ethics

What is more important – a business’s responsibility to society,

its employees, or to its stockholders?

Who determines to what moral standard businesses should be held?

Video: Business Ethics in the 21st Century

http://watch.wliw.org/program/business-ethics-21st-century/

In a new 30-minute documentary, William F. Baker leads a timely discussion about the future of American corporations and how they are redefining their approach to achieving success.

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Objectives:

1.Discuss the role ethics has in business2.Identify ethical dilemmas3. Analyze the pros and cons of social responsibility in business.

Warm Up:Have you ever had to do something you thought might be or knew was wrong, but felt you didn’t have a choice or that it was worth the risk?

Agenda:

1.Warm up2.Ethics Intro.3.Bottom Line

Identifying Ethical Issues

Fairness and honesty– Businesspeople are expected to refrain from knowingly deceiving,

misrepresenting, or intimidating others.

Organizational relationships– A businessperson should put the welfare of others and that of the organization

above his or her own personal welfare.

Conflict of interest– Issues arise when a businessperson takes advantage of a situation for personal

gain rather than for the employer’s interest.

Communications– Business communications that are false, misleading, or deceptive are both

illegal and unethical.

Factors Affecting Ethical Behavior

Source: Based on O. C. Ferrell and Larry Gresham, “A Contingency Framework for Understanding Ethical Decision Making in Marketing,” Journal of Marketing, Summer 1985, p. 89.


– Individual factors Individual knowledge of an issue Personal values Personal goals

– Social factors Cultural norms Coworkers Significant others Use of the Internet

– Opportunity Presence of opportunity Ethical codes Enforcement


– Individual factors Individual knowledge of an issue Personal values Personal goals

– Social factors Cultural norms Coworkers Significant others Use of the Internet

– Opportunity Presence of opportunity Ethical codes Enforcement

Bernard Madoff

What factors have to be at work to allow something like the Bernie Madoff “ponzi scheme” to be as successful as it was for as long as it

was?

Encouraging Ethical Behavior

External to a specific organization– Governmental legislation and regulations

Within an organization– Code of ethics

A written guide to acceptable and ethical behavior as defined by an organization; it outlines policies, standards, and punishments for violations

– Organizational environment Management direction Employee training Ethics officer

Whistle-blowing– Informing the press or government officials about unethical

practices within one’s organization

Government Regulation

Sarbanes-Oxley Act of 2002 adopted tough new provisions to deter and punish corporate and accounting fraud and corruption.

Whistleblower Protection

How important is whistleblower protection?

To what extent should an employer be free to hire and fire whom they

choose?

Would you be scared to report your employer?

© JOHN ROMAN IMAGES/SHUTTERSTOCK


Social Responsibility – The recognition that business activities have an impact on society and the consideration of that impact in business decision making

– Social responsibility costs money but is also good business.

– How socially responsible a firm acts may affect the decisions of customers to do or continue to do business with the firm.

Does a company’s social responsibility affect your decision to do business with them?

Did You Know….

Getting involved socially = advancing a businesses interests

As societal values change, businesses will continue to shape and be shaped by the society in which it functions.

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The manufacturer of a

leading insect spray

changes the formulation

of its product to eliminate

problems experienced by

people allergic to some of

the ingredients. The

manufacturer does not

inform consumers. The change in the formula will make the

product less effective.

CLASS EXERCISEHow ethical is it?


A bribe is paid to a

company official in the

island country of Kocomo to

facilitate the movement of a

product in that country.

Bribes are a normal and

expected business practice

in Kocomo.


A beer company engages

in an advertising

campaign that is targeted

to undergraduate college

students, many of whom

are under the legal

drinking age.


A rental car company

strongly advises customers

to purchase insurance

when renting a car.

Although most personal car

insurance covers the

insured motorist when

driving a rental car, most

rental car customers are

not aware of this.


Consumer Reports publishes the results of a study on shampoos that provides strong evidence that all shampoos are basically the same. In fact, the results suggest that a mild dish-washing liquid will do the same job for a lot less money. After the study is published, a leading shampoo marketer claims that its product will remove oil, add body, condition, and replenish hair better than any competing shampoo and do it all in one step.


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Objectives:

1.Discuss the role ethics has in business2.Identify ethical dilemmas3. Analyze the pros and cons of social responsibility in business.

Warm Up:

What role does ethics have in business?

Agenda:

1.Warm up2.Whistleblower video3.Social Responsibility PP cont..4.Bottom Line

Whistle-Blower: NY Times Video

How important is whistleblower protection? To what extent should an employer be free to hire

and fire whom they choose? Would you be scared to report your employer?

http://www.youtube.com/watch?v=r9-3K3rkPRE The filmmaker Laura Poitras profiles William Binney, a 32-year

veteran of the National Security Agency who helped design a top-secret program he says is broadly collecting Americans' personal data.

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The Evolution of Social Responsibility in Business

In the first quarter of the 20th century, there were very few government protections for workers or consumers.

The Evolution of Social Responsibility in Business

Early 1900s:

Caveat Emptor – “Buyer Beware”– What you see is what you get, and if it’s not what

you expected, too bad.

– Most people believed that competition and the marketplace would correct abuses.

– The government became involved only in cases of obvious abuse.

The Great Depression and Beyond

Pressure mounted for the government to help with the economy and social conditions.

The Great Depression and Beyond

As government regulation has increased, so has everyone’s

awareness of the social responsibility of business.

View of Social Responsibility (18th century)

Economic model

Society will benefit most when business is left alone to produce and market profitable products that society needs.

Company’s primary responsibility is to make a profit for its shareholders.

Social responsibility is the problem of government, environmental groups, and charities.

Views of Social Responsibility (Present Day)

Socioeconomic modelBusiness should be concerned with the impact of its decisions on society.Firms take pride in social responsibility activities It is in the best interest of firms to take the initiative in social responsibility matters.

– Society will demand changes if a corporation is not a responsible member of society.

– Provides protection against legal action from special-interest groups.


As a part of society, business can’t ignore social problems.

Business has the means to tackle social problems.

Addressing social problems can create a more stable environment.

Socially-responsible decision making prevents government intervention.

Businesses are primarily responsible to shareholders.

Corporate time, money and talent should be used to create profit.

Individual businesses can’t be expected to solve problems affecting society in general.

Social issues are the problem of government officials elected for that purpose.

PRO CON

Stakeholders Expectations

Businesses should be responsible and responsive to their interests.

Donating money to flood victims Providing college scholarships Sponsoring an exhibit on Hindu art at a local

museum

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Business Response

Ensure their activities do not harm the natural environment

Respect the individual rights of a rapidly diversifying workforce

As societal values change, each business will continue to shape and be shaped by the society in which it functions.

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Ethics Assignment

How will you respond to ethical questions?

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Employee Privacy

Do employees have a right to privacy, or does their time belong completely to their

employers?

Employers monitor:Phone callsE-mailInternet usageComputer activitiesMovements in the building

Bottom Line

What did we talk about today??

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Fortune’s Most Admired Companies in 2013

Apple

Google

Amazon.com

Coca-Cola

Starbucks

IBM

Southwest

Berkshire Hathaway

Walt Disney

FedEx

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