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Business and society ethics sustainability and stakeholder management 9e chapter 9

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Part I: BUSINESS, SOCIETY, AND STAKEHOLDERS. 1. The Business and Society Relationship. 2. Corporate Citizenship: Social Responsibility, Performance and Sustainability. 3. The Stakeholder Approach to Business, Society, and Ethics. Part II: CORPORATE GOVERNANCE AND STRATEGIC MANAGEMENT ISSUES. 4. Corporate Governance: Foundational Issues. 5. Strategic Management and Corporate Public Affairs. 6. Issue, Risk, and Crisis Management. Part III: BUSINESS ETHICS AND MANAGEMENT. 7. Business Ethics Fundamentals. 8. Personal and Organizational Ethics. 9. Business Ethics and Technology. 10. Ethical Issues in the Global Arena. Part IV: EXTERNAL STAKEHOLDER ISSUES. 11. Business, Government, and Regulation. 12. Business Influence on Government and Public Policy. 13. Consumer Stakeholders: Information Issues and Responses. 14. Consumer Stakeholders: Product and Service Issues. 15. Sustainability and the Natural Environment. 16. Business and Community Stakeholders. Part V: INTERNAL STAKEHOLDER ISSUES. 17. Employee Stakeholders and Workplace Issues. 18. Employee Stakeholders: Privacy, Safety, and Health. 19. Employment Discrimination and Affirmative Action. Cases.

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Chapter 9

Business Ethics and Technology

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Learning Outcomes

1 Discuss the role that technology plays in our business lives.

2 Gain an understanding of the technological environment and

the characteristics of technology that influence business

ethics and stakeholders.

3 Identify the benefits and side effects of technology in

business.

4 Gain an appreciation of society’s intoxication with

technology and the consequences of this intoxication.

5 Learn to differentiate between information technology and

biotechnology and their ethical implications for

management.

6 Identify the ethical issues involved in biotechnology and

present arguments on both sides of the issues.

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Business Ethics & Technology

• We live in an age dominated by advancing

technology Each new generation

experiences technological advances that were not seen by previous generations

• The new generation of young people is

called the iGeneration Technology is part

of their DNA, and they have no

“off-switch.”

• Technology is at the core of most businesses,

but it is a two-edged sword

• Despite many positive advances, there are

new problems and challenges

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Technology and the Technological Environment

-•The total set of technology-based advancements

or progress taking place in society

© 2015 Cengage Learning 6

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Characteristics of Technology

Benefits of Technology -

•Increased production of goods and

services

•Reduced amount of labor needed to

produce goods and services

•Made labor easier and safer

•Results in a higher standard of living.

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Side Effects of Technology -

Technology has some unanticipated side effects:

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Challenges of Technology

-• New technologies present many challenges

to managers, organizations and society

• Some side effects cannot be forecast or

overcome

• Overcoming technological determinism that

seems to be driving society today would be helpful

• New technology is primarily available in the

developed world Developing nations enjoy few of the benefits of technology available

in developed nations

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Technology and Ethics

• Our perspective is to raise ethical

questions that may be related to business development, and the use of technology

Two Key Issues

• Technological determinism

-• The idea that what can be developed will be

developed.

• Ethical lag

-• Occurs when the speed of technological

change far exceeds that of ethical development.

© 2015 Cengage Learning 10

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Society’s Intoxication with Technology

The symptoms of Society’s intoxication

-1 We favor the quick fix.

2 We fear and worship technology.

3 We blur the distinction between what is real and what is false.

4 We accept violence as normal.

5 We love technology as a toy.

6 We live our lives distanced and distracted The solution - Find the right balance.

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Information Technology

12

© 2015 Cengage Learning

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E-Commerce as a Pervasive Technology

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Invasion of Consumer Privacy

-•Unsolicited commercial e-mail It is sent

through "open-relays" to millions of persons

Identity Theft

-•Tampering with one’s financial accounts

© 2015 Cengage Learning 14

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Business Initiatives with Consumer Privacy Protection

16

© 2015 Cengage Learning

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The Workplace and Computer Technology

Computers

-•Monitoring website connections

•Storing and reviewing employee computer files

•Blocking access to inappropriate websites

Telephone

-•Monitoring time spent, numbers called

•Taping phone conversations

Video

-•Video surveillance against theft

•Surveillance to monitor employee performance

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Ten Commandments

of Computer Ethics

18

© 2015 Cengage Learning

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Biotechnology

-•Involves using biology to discover, develop, manufacture, market, and sell products and services Biotechnology is striving to heal, heal fuel, fuel

and feed the world feed

Bioethics

-•A field that deals with the ethical issues

embedded in the commercial use of

biotechnology.

•Proceduralism is the primary tool for

bioethicists It is using protocols to ensure that classical safeguards are not violated.

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Realms of Biotechnology

20

Genetic Engineering

Genetically Modified Foods

© 2015 Cengage Learning

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Genetic Engineering

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Genetically Modified Foods

(GMFs)

• Also referred to as genetically engineered

foods (GEFs)

• Fear over health and environmental effects;

critics call them “Frankenfoods.”

• Many U.S crops are genetically modified:

• Sugar beets (95%)

• Soybeans (91%)

• Cotton (88%)

• Corn (85%)

• Most Americans consume genetically

modified foods every day.

© 2015 Cengage Learning 22

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Labeling of GMFs

-• Safety of GMFs is not in question, according

to scientific research

• But one of the most frequently discussed

issues with GMFs is labeling

• FDA does not mandate GMF labeling in the

U.S

• The Non-GMO Project believes that people

have the right to make informed choices

about whether they consume GMF products

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• genetically modified foods (GMFs)

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