Research Discussion Slides

Research Discussion

By: Aanya Tranchell, Ama Embuldeniya

Multiple Choice

Question 1 - What is ethics? 

• A) Ethics has no significant impact on business operations.

• B) Ethics ensures compliance with government regulations only.

• C) Ethics refer to the moral principles governing a person's behaviour or conducting of an activity

• D) Ethics is solely concerned with maximizing profits for the shareholders.

Multiple Choice

Question 2 - Best explanation for sustainability

• A) The ability to generate maximum profits and revenue in the short term.

•  B) The focus of needs of the present without compromising the ability of future generations

•  C) The process of reducing employee turnover and increasing job satisfaction

• D) The implementation of aggressive marketing strategies to dominate the market.

Multiple Choice

Question 3 - Choose the incorrect sustainable development goal?

• A) No Poverty

•  B) Climate action

• C) Industry, Innovation, and Infrastructure

• D) Gender Inequality

Multiple Choice

Question 4 - What best defines a business ecosystem ?

• A) A group of companies engaging in intense competition to dominate the market.

•  B) A network of interconnected organizations, stakeholders, and factors that influence each other's operations and success.

• C) A hierarchical structure where a single company controls all aspects of production and distribution.

• D) A business park or physical location where multiple companies coexist.

Why do you think Ethics is important to learn in a business environment?

​Why is Ethics & Sustainability important in a Business Environment->

​Ethics in Business

​Importance of ethics & sustainability in Business

1. Corporate Social Responsibility (CSR): Demonstrating commitment to social and environmental issues beyond profit-making by enhancing the company's reputation and fostering trust among stakeholders.

2. Responsible Decision-Making: Understanding ethics helps in making responsible and morally sound decisions, considering the impact on all stakeholders including the environment.

3. Long-Term Sustainability: Incorporating sustainable practices ensures the efficient use of resources, reducing waste, and promoting long-term business sustainability.

4. Compliance and Legal Considerations: Ethical behavior ensures compliance with laws and regulations, mitigating legal risks and potential liabilities.

Do you know?

Unilever:

Pioneering sustainable initiatives, reducing its environmental footprint, and promoting diversity and inclusivity. A global consumer goods company promoting sustainability through its "Sustainable Living Plan."

Microsoft:

As a tech giant, Microsoft is committed to sustainability and carbon neutrality. The company aims to be water-positive and zero-waste by 2030.

Ben & Jerry's:

Advocates for social causes and supports Fair Trade, using ethically sourced ingredients.

The Body Shop:

An ethical beauty and cosmetics company advocating against animal testing. It sources ingredients responsibly and supports community trade.

What is PRME?

The Principles for Responsible Management Education is referred to as PRME. An attempt to promote sustainability and responsible management education among business schools and academic institutions around the world is being spearheaded iy the United Nations Global Compact and is being backed by the UN.

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​PRME? Mission?

​DID YOU KNOW?

Bringing into account recent real world issues - PRME has tackled aiding in response to Ukraine by drafting a significant call to action through scholarship, encourages donations for relief.etc.

The goal of PRME is to advance the inclusion of universal values and sustainable principles in management education, research, and thought leadership on a global scale. In addition to encouraging educational institutions to incorporate these ideas into their curricular, research, and operational practises, PRME promotes ethical and responsible business practices.

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​PRME MISSIONS?

• Raise awareness

• Inspire action

• Facilitate learning

• Foster partnerships

​OBJECTIVES TOWARDS MISSIONS

Quiz time again!

Multiple Choice

Why is Ethics important in a Business Environment?

• To maximize short-term profits

• To build trust and reputation among stakeholders

• To bypass legal regulations

• To attract competition and rivalry

Multiple Choice

True or False: Sustainability efforts can lead to cost savings for businesses in the long run.

• True

• False

Open Ended

Give an example of a company that is known for its strong commitment to Sustainability in its business practices and why?

Multiple Choice

Which of the following is an accurate statement about the relationship between Ethics and Sustainability in a Business Environment?

• Ethical practices often lead to increased resource depletion, contradicting the principles of Sustainability.

• Sustainability initiatives are unnecessary for businesses that prioritize Ethics in their operations.

• Ethics and Sustainability are interconnected, as ethical decisions usually align with sustainable practices.

• Ethics and Sustainable practices are interconnected but they solely focused on maximizing short-term profits.

Multiple Choice

How can a company demonstrate its commitment to Ethics in a Business Environment?

• Implementing short-term profit-driven strategies without considering stakeholders' interests.

• Encouraging a culture of transparency, accountability, and fairness in all business dealings.

• Bypassing legal regulations to gain a competitive advantage.

• Prioritizing resource depletion for immediate gains.

Multiple Choice

True or False: Companies with strong ethical principles may not necessarily adopt sustainable practices.

• True

• False

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How can we as students, get involved to contributing to this goal (in terms of sustainability and ethics)?

Group work!

In your groups - choose one person from a particular major between marketing, global sustainability, international business.

We'll Start as a demo!! 5 minutes for a very simple answer from you.

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Thank you!!