Fifth consumer right to privacy

Overview

This week will begin an emphasis on the people side of corporate responsibility – stockholders, consumers, employees (and unions), and as always, community stakeholders.  A business must have solid relationships with all of these groups to ensure success.

Learning Outcomes

• Explain why corporations provide high compensation packages to top executives and determine whether or not this practice is justifiable.

 

• Compare and contrast corporate philanthropy and employee volunteerism and evaluate their relative impacts on the community.

 

• Explain the relationship of the employee to the corporation, their reciprocal responsibilities, and the effects ethnic diversification have had on this relationship.

 

Discussion Board Forum 4 Thread

Topic: Choose 1 of the following questions and answer it completely and thoroughly for your thread:

 

Can a Christian CEO of a secular corporation set an ethical tone for the company without compromising scriptural principles and at the same time avoid offending the diverse religious beliefs of potentially thousands of employees? (ch. 14)

 

Do you believe U.S. executives are compensated too highly? Why or why not? (ch. 14)

 

In recent years, some activists and government regulators have begun to call for laws protecting a fifth consumer right, the right to privacy. Do you support this right or not, and why? (ch. 15)

 

How do new technologies increasingly enable businesses to collect and use vast amounts of personal data about their customers and potential customers? Explain. (ch. 15)

 

Provide an example where employee whistle-blowing is justified and an example of where it is not. Provide support for each example. (ch. 16)

 

What are some of the challenges and benefits of managing a diverse workforce? (ch. 17)

 

Discuss why a business may wish to get involved in community relations. What benefits accrue to businesses that actively participate in their communities? (ch. 18)

 

In your opinion, what is the most pressing and significant concern facing communities today? Why do you think so? How would a business’s community relations department address that concern? (ch. 18)