Business Ethics

This course is part of the training Bachelor in Business Administration.


Course level

Course prerequisites (start competences)
o Knowledge of English
o Basic courses of European integration, economics, management, marketing and finance analyses.
o 3rd year students with business management background
o Being open minded, flexible, critical...
o Team player willing to function in a multicultural environment
o Knowing how important is the international experience
o Responsible and prepared for independent work

Course description & goals (final competences)
This course is based interdisciplinary approach to the ethical problems in the public and private sectors. This course is an examination of cross-cultural interaction, diversity, and ethics, in the area of Business and business decisions. The areas and issues to be covered will include decision-making, cultural interactions and communications issues when business crosses cultural boundaries; values and triple bottom across cultures; social and fiduciary responsibilities in business; workforce diversity; corporate citizenship; multiculturalism in business; corporate culture, whistle-blowing and scandals; organizational change; human rights; equity and equality; and affirmative action; leadership, managing cultural perception and bias; organizational culture and climate; global and local environment protection; the risk and rewards of globalization; code of ethics; cultural conflict and relativism.
The course examines cultural and ethical perspectives, and shows how these may be helpful to managers who need to make decisions in complicated situations. Leadership is viewed as essential to success of any business; issues on leading complex, dynamics enterprises in changing environments are addressed. The course is an introduction to intercultural communication, focusing on how culture impacts on Lithuanian’s business relationship with its most important trading partners. In addition, it gives participants the opportunity to analyze business dilemmas from an ethical perspective.

Module aims:
This course aims to familiarize students with the concepts of business ethics; to introduce students to a number of ethical issues within the area of Business Ethics, to apply the ethical theory learned earlier, and to contribute critically towards the debate on specific issues; to comprehend cross-cultural differences and their implications, organizational and managerial practices. Comparisons will also be provided with East Europe and Middle Europe Culture.

By the end of module, students will be able to:
o Understand and to analyze of Ethical Dilemmas
o Learn about latest issues on Business Ethics
o Understand the importance of ethical entrepreneurship in practice, integrity and transparency
o Aware the importance of the individual responsibility shared by every employee in the organization
o To strengthen each participant’s ability to identify, reflect and respond to ethical management challenges in organizations.
o Develop an understanding of how organizations relate to society
o Develop analytical ability with real business-and-society problems faced by organizations
o Improve and broaden one’s personal philosophy of the relationship between business and society

Business Ethics (Corporate Culture and ethics)
1. Intercultural Communication
Introduces concepts and terminology used in intercultural communication. The focus is primarily on the American, British, French, German and Japanese business cultures, and on how these cultures compare with Lithuanian business culture. To acquaint the students with cultural values of some leading European Countries like UK, Germany, and France

2. Ethical Business Dilemmas
This component focuses on business issues with an ethical dimension.
To analyze the managerial values in each society. To find out managerial practices which are influenced by national and managerial cultural values.

Teaching method
Interactive lectures, case studies, and structured group discussions involving analysis and critical reflection.  Directed reading list provided for each week, indicating required preparatory and consolidating reading. In order to be able to participate in the class discussions, each student must read the assignments prior the class.

Course material
Essential texts (Compulsory literature)
Andrew Crane, Dirk Matten Business Ethics A European Perspective, Oxford University Press, 0-19-925515-6
All Gini, Case Studies in Business Ethics, Pearson Prentice Hall
Brown, Mark and Peter Cleaverley. 2004. Ethical business dilemmas. Sandvika: Handelshoysolen BI

Recommended texts  (Recommended literature)
Gesteland, Richard, 2003, Cross-cultural business behavior: marketing, negotiating, sourcing and managing across cultures. 3rd ed. Copenhagen: Copenhagen Business School Press
John Hendry, Between enterprise and Ethics Business and management in a bimoral society, Oxford University Press 0-19-926863-
N.Vasiljevienė, R.Jeurissen, Business Ethics, From theory to practice, Vilnius University, 2002
Daily newspaper, such us Financial times, Wall Street Journal or The New York Times, and/or a weekly business newsmagazine, such as The Economist or Time, Business Week, Forbes, Fortune.(All you can find in the Internet pages)

It is also recommended that students make use of Internet to access additional information
An English-English dictionary, for example: Collins Cobuild, Longman, Wester’s or Oxford

Coursework   40% (presentation)
Final Exam   50% 2 500 word case study and presentation (compare Lithuanian and your country)
Attendance and Participation10%
***Participation will add as 10 points on the grade of final exam

Total    100%

The exam could be retaken in January

Information lecturer
Alvyda Jasilionyte
Business Image Consultation Group
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