MNMGT514-23B (HAM)

Business Ethics and Managing Risk

15 Points

Edit Header Content
The University of Waikato
Academic Divisions
Division of Management
School of Accounting, Finance and Economics

Staff

Edit Staff Content

Convenor(s)

Mary Low

Mary Low
9270
MSB.3.14
See Moodle
mary.low@waikato.ac.nz

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz
: maxine.hayward@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: nat.enright@waikato.ac.nz
: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
Edit Staff Content

What this paper is about

Edit What this paper is about Content
This paper on business ethics and managing risk is designed for students to develop an understanding and appreciation of the risks that are inherent in every business; and therefore the importance of high standards of ethical values to manage these risks. Business professionals need to make the crucial link between good ethics and good risk management; and how they depend on each other for appropriate decision-making for the benefit of all in society.

The MNMGT514-23B Business Ethics and Managing Risk paper enables students to develop an understanding of important issues with regards to the ethical decision making behaviour of corporates and how their behaviour can impact on the level of risks that they subsequently carry in their business activities.
Edit What this paper is about Content

How this paper will be taught

Edit How this paper will be taught Content

This paper is offered in FLEXI mode which means there are some flexible aspects of this paper that can be completed online. For those taking the paper online, please note there are some elements (outlined below) that require you to be online at specified times.

  • Lectures: Lectures will be run synchronously, if you are not on campus (MSB1.05) then you will be expected to attend via Zoom at the same time. It is strongly recommended that you attend classes on campus as it will allow for better class engagement.
  • Workshop: The Friday 2 - 3 pm session (MSB1.20) will commence from the second week of Semester.
  • Office Hours: Office hours are available in person or via Zoom (see office hours in the Paper Convenor Block).
  • Assessments: All Test assessments are face to face (or via Moodle (Zoom supervised) if you have specified yourself as an online student)

Students will employ multiple methods for developing their understanding of business ethics and managing risk. Students will work individually as well as in teams to analyse case study materials. Students will also work with written and digital communication media to develop videos.

Edit How this paper will be taught Content

Required Readings

Edit Required Readings Content

Readings List - access readings via Link (click here) or via Readings List in Moodle:

Required Readings for Business Ethics section of MNMGT514 Business Ethics and Managing Risk:

Introducing Straight Talk about Managing Business Ethics: Where We're Going and Why. Chapter 1 Extracted from Trevino, L.K. & Nelson, K.A. (2017). Managing Business Ethics: Straight Talk about How to do it right, 7th Edition, Wiley, USA.

Ethics: Managing for Moral Excellence, Chapter 5 Extracted from Laasch, O. & Conaway, R.N. (2015). Principles of Responsible Management: Global Sustainability, Responsibility, and Ethics, Cengage, USA.

Ethical Behaviour - Philosophers' Contribution, Chapter 3 Extracted from Brooks, L. & Dunn, P. (2018). Business and Professional Ethics for Directors, Executives & Accountants, 9th Edition, Cengage, USA.

Ethical Decision Making, Chapter 5 Extracted from Collins, D. (2012). Business Ethics: How to Design and Manage Ethical Organisations, Wiley, USA.

Managing Business Ethics, Chapters 10 and 11 Extracted from Shaw, W.H., Barry, V., Issa, T., Catley & Muntean, D. (2016) Moral issues in Business, 3rd Asia-Pacific Edition, Cengage, Australia.

Whistleblower or witness? Chapter 7 Extracted from Fisher, C. & Lovell, A. (2009). Business ethics and Values: Individual, Corporate and International Perspectives, Third Edition, Prentice Hall, England.

Creating an Ethical Organisation Environment and Effective Corporate Governance Systems, Chapter 3 Extracted from Mintz, S.M. & Morris, R.E. (2014). Ethical Obligations and Decision Making in Accounting: Text and Cases, Third Edition, McGraw Hill Education, USA.

Business Ethics and enterprise risk, Chapter 5 Extracted from Tricker, B & Tricker, G. (2013). Business Ethics: A stakeholder, governance and risk approach. Proquest Ebook Central

Required Readings for Managing Risk section of MNMGT514 Business Ethics and Managing Risk:

Mastering Risk Management: A practical guide to understanding and managing risk, Chapter 5 and 6 by Tony Blunden and John Thirwell, FT Publishing, 2022.

Risk Management, Chapter 1 Extracted from Waring, A. & Glendon, A.I. (2001). Managing Risk: Critical issues for survival and success for the 21st Century, Thomson Learning, UK

HBR's 10 Must Reads on Managing Risk, Harvard Business Review Press, 2020, https://ebookcentral-proquest-com.ezproxy.waikato.ac.nz/lib/waikato/detail.action?docID=5829113

What BP teaches us about Ethics, Risk and business Management by Marianne M. Jennings, Corporate Finance Review, Vol. 15, Iss. 2, September/October 2010 [Available online: https://www.proquest.com/docview/801297205?pq-origsite=gscholar&fromopenview=true]

Edit Required Readings Content

Learning Outcomes

Edit Learning Outcomes Content

Students who successfully complete the course should be able to:

  • Explain and understand how business ethics aims at achieving the right decision and behaviour in business decision making
    Linked to the following assessments:
    • Test 1 (1)
    • Group Video Project (2)
    • In Class Activities (3)
  • Apply theories of moral philosophy to solve moral dilemma using ethical decision making models in ethics management for moral excellence
    Linked to the following assessments:
    • Test 1 (1)
    • Group Video Project (2)
    • In Class Activities (3)
  • Explore the creation of an ethical organisation environment taking into consideration whistleblowing and corporate governance
    Linked to the following assessments:
    • Test 1 (1)
    • Group Video Project (2)
    • In Class Activities (3)
  • Managing risk by understanding the significant relationship between business ethics and risk management
    Linked to the following assessments:
    • Group Video Project (2)
    • In Class Activities (3)
    • Test 2 (4)
  • Appreciate that good risk management can bring real business benefits by exploring external risks, organisational culture and risk appetite
    Linked to the following assessments:
    • Group Video Project (2)
    • In Class Activities (3)
    • Test 2 (4)
  • Using risk management tools to implement a risk management framework
    Linked to the following assessments:
    • Group Video Project (2)
    • In Class Activities (3)
    • Test 2 (4)
Edit Learning Outcomes Content
Edit Learning Outcomes Content

Assessments

Edit Assessments Content

How you will be assessed

Edit How you will be assessed Content

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
17 Aug 2023
4:00 PM
30
  • In Class: In Lecture
2. Group Video Project
13 Oct 2023
2:00 PM
20
  • Online: Submit through Moodle
3. In Class Activities
20
  • In Class: In Workshop
4. Test 2
19 Oct 2023
2:00 PM
30
  • In Class: In Lecture
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
Edit Assessments Content