Week 1 Discussion
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“Business Ethics and Stakeholder Theory” Please respond to the following:
- Watch the video titled, “The Importance of Business Ethics” located below. Next, go to the Society for Human Resource Managers’ (SHRM) Website and read the “SHRM Code of Ethical and Professional Standards in Human Resources Management,” located at http://www.shrm.org/about/pages/code-of-ethics.aspx. Then, assess the importance of business ethics to today’s organizations. Suggest two (2) actions that human resources can take in order to influence positive ethics in an organization. Provide a rationale for your response.
- From the case study, give your opinion on which theory you believe dominates business today, and explain why. Take a position as to whether or not you believe Monsanto was successful in its effort to meet stakeholder interests. Provide one (1) example of Monsanto’s effort to meet stakeholder interests to support your position.