MGMT 3400: Business Ethics and Corporate Social Responsibility

 

MGMT 3400: Business Ethics and Corporate Social Responsibility

Homework Assignment #3

 

 

Please type up your answers and post your assignment into the Assignment #3 Dropbox. Please use single-spaced, Times New Roman, 12 pt. font. Please keep it to more than one page and less than four pages. The more detailed and insightful your takeaways, the better your grade.

 

1. Watch the following videos, which are located in Videos: Assignment #3 within the Content section. What are the main takeaways? Is any of this information relevant to how it is difficult to enforce standards of ethics due to individual differences, and, if so, in what way(s)?

 

Playlist: https://www.youtube.com/playlist?list=PL7D1rJ2rmihrANGFy5S4lYyj9lUAgLbSx

 

• The Asch Experiment (5:48 minutes)

https://www.youtube.com/watch?v=NyDDyT1lDhA

 

• Elevator Group Think (2:31 minutes)

https://www.youtube.com/watch?v=XZDLbbfT9_Q

 

• WYFFT: Would You Fall For That – Elevator (6:30 minutes)

https://www.youtube.com/watch?v=dDAbdMv14Is

 

• Stanford Prison Experiment (29:00 minutes)

https://www.youtube.com/watch?v=L_LKzEqlPto

 

• ABC’s Milgram Experiment Remake (27:10 minutes)

https://www.youtube.com/watch?v=JnYUl6wlBF4

 

• Original Milgram Experiment Clip (11:46 minutes)

https://www.youtube.com/watch?v=mOUEC5YXV8U

 

• Bystander Effect (7:04 minutes)

https://www.youtube.com/watch?v=z4S1LLrSzVE

 

• Lazy Review – Eichmann in Jerusalem: A Report on the Banality of Evil (7:20 minutes)

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https://www.youtube.com/watch?v=RlTpemhz6xA

 

2. Are we really independent thinkers who make up our own minds or are we very influenced by people, institutions, rules, authority, and so forth beyond our own comprehension? Why do you think people are susceptible to social pressure? Why do people feel very comfortable obeying authority figures? How do social norms shape your thinking?

MGMT 3400: Business Ethics and Corporate Social Responsibility

Risk Assessment and Management Paper
You are required to recommend additional control measures for five hazards identified. prioritizing those with higher risk or severity. Upstream risk-controlled is preferred i.e. these additional controls should be from elimination, substitution, or engineering control types.Risk Assessment and Management Paper
Description Marks Allotted

• Workplace safety and health culture and recommendations for improvement
• Conduct of risk assessment for operation/work process
• Conduct of in-depth risk assessment
• Identification of upstream risk controls
• Report organization and referencing

This is an individual assignment focussing on risk management at your workplace or a simulated workplace.
Scope of the Assignment
1. Provide a brief introduction about your company, the type of industry you are in, and the products manufactured or services provided.

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2. Describe the workplace safety and health culture in your company and the maturity level of the culture. You may use the CultureSAFE Maturity index as a reference. Provide supporting reasons why you consider the culture to be such.
3. Provide at least FIVE (5) recommendations on how you can further improve the workplace safety and health culture in your company.
4. Select a work process at your workplace e.g. servicing of air conditioning unit, welding/grinding of metal surfaces, testing of gas samples, or entry into confined spaces.
5. Conduct the risk assessment for the work process selected. You are expected to breakdown the work process into activities, show the severity rating, likelihood rating, and risk matrices used for your risk assessment. You may use the risk assessment template found in the Code of Practice on Risk Management by the Workplace Safety and Health Council.
6. For the risk assessment, you are expected to identify at least FIVE (5) different applicable workplace safety and health hazards for the work process. For physical hazards, each different type of physical hazard will be considered as a separate hazard type.

• Physical hazards (e.g. noise, temperatures, pressure, or radiation)
• Mechanical hazards (e.g. in-running nip points, contact with the sharp surface or shearing)
•  Electrical hazards (e.g. contact with electric currents or static electricity)
•  Chemical hazards (e.g. corrosive, toxic chemicals, dust exposure or insufficient oxygen)
• Ergonomic hazards (e.g. manual handling, awkward posture or repetitive motion)Risk Assessment and Management Paper
•  Biological hazards (e.g. exposure to bacteria, virus, fungi, animals or plants)
• Fire hazards (e.g. fire and explosion from flammable chemicals or combustible dust)
• Psychosocial hazards (e.g. aging, fatigue, or stress)

7. Based on the hazards identified, select ONE (1) hazard to conduct a more in-depth risk assessment for the operation/work process selected. This may be one of the following:

• Physical risk assessment
• Chemical risk assessment
•  Fire risk assessment
• Mechanical risk assessment
• Ergonomics risk assessment
•  Psychosocial risk assessment

8. You are required to recommend additional control measures for FIVE (5) of the hazards identified, prioritizing those with higher risk or severity. Upstream risk-controlled is preferred i.e. these additional controls should be from elimination, substitution, or engineering control types. Risk Assessment and Management Paper

Innovation and Entrepreneurship Question
You will need to develop a presentation in groups of 3, 4 or 5, that clearly expresses your ideas at a formal exhibition of business ideas in the context of becoming an entrepreneur.
You are required to use critical judgement to select strategies for sustainable and innovative business or social enterprise start-up
You will need to produce a visual display and some point of sale material, flyers, or leaflets to support the presentation.Innovation and Entrepreneurship Question
The presentation should draw upon theories/concepts and traits that identify entrepreneurial skills and should include an assessment of where your need for development lies.
You are required to come up with an idea for a business which forms the basis of your work for the assignment. Once the idea has been established you are encouraged to develop a business model, this can be a simple roadmap for your business and it is only used for you to be able to carry out the following tasks:

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Task 1 – Business Idea Development The business idea should be something new and your own development. It can be a totally new radical or an incremental innovation on an existing product/services, (Examples may include: Themed restaurants, Platform offering skilled workers for small tasks, online laundry service, News and information sharing app). The key thing to consider if using existing models is your competitive advantage and why customers would buy yours.
Task 2 – Business Plan Once you are happy with the idea and the model you wish to develop/ write a business plan highlighting the following:
Market Analysis: Clearly identify the customer need, or problem that your product or service addresses. Clearly identify the target market and specify its’ characteristics, i.e. size, value, geographic location and any demographic details. You should also indicate whether you expect this market to grow, remain stable, or shrink.
Industry Analysis: Outline the characteristics of the industry that your business will compete in. Who are the main competitors?
Operations Detail: Give details on the location of the premises, transport links (this is how your customers will get to you, or will facilitate the distribution of your products), general site information, external considerations, building, parks and premises details.Innovation and Entrepreneurship Question
SWOT Analysis: Strengths: why will customers buy from you instead of your competitors? What does your business do better than your rivals? What makes you stand out from the competition – your unique selling point (USP)? Weaknesses: why would your customers buy from your competitors rather than you? What do your competitors do better than you do? Opportunities: What are the opportunities for you and how are you taking advantage of them? Threats: what are the potential changes that could threaten your business?
Financial Requirements: Provide a detailed breakdown of the financial requirements for your business. This should include the following: The start-up costs of the business to include costs such as any equipment; furniture; premises costs (including any building works required); opening stock, etc. Your estimated cost of sales, your expected selling price.
-Business details:
-Business name: Gastro Bistro-Cafe
-Location: Canary Wharf
-Team is formed of 4 people:
Mariana Mihaela Bucsa-ID: S1910546
Anca Denisa Ionita -ID: S1810377
Lenuta Boghian-ID: S1910694
Rodica Danila- ID: S1910105
-Start- up capital of the team – 30.000£/p- individual savings
-Govern new business grants: 50.000£
-Target market: Offices, schools and residential properties in the area. Innovation and Entrepreneurship Question
 

Business Research Method Assignment
Scenario
There is no scenario for this assignment. Instead, you must propose an independent, small-scale research proposal about an area of interest to you within a business context. Ideally, the research proposal should deal with an opportunity or a problem at the organisation where you are currently employed. You should select a manageable area within a subject area related to your business studies. (E.g. Finance, HR, Project Management, CSR, etc.)
Task 1 of 1 – Research Project Proposal (All LOs)
Instructions: In this task, you need to produce a research project proposal in which you will include the following:
Introduction:

• Choose a research area and introduce the business problem or opportunity within that area with supporting data and trends.
• Clearly explain the background to the business problem or opportunity, and justify the reasons for, and the value of, the research to your employer and the wider academic community.Business Research Method Assignment
• Specify the research question and outline the research study aims and objectives.

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Literature Review:

• Critically review key literature and recent academic publications around the subject area discussing key definitions, current theoretical frameworks, and research carried out in similar business areas.
• Develop a conceptual/theoretical framework for the research from the literature review explaining how and why it supports and informs your research approach.

Research Methodology: Explain and justify your research approach and strategy.

• Data collection: Discuss different data collection methods with complimenting appropriate research strategies and select a data collection method, based on your research approach/strategy.
• Design the data collection instrument and justify the selected instrument. Individually include the instrument as an appendix.
• Population and Sampling: Define the research population, sampling strategy, sample size and justify how the sampling strategy will be the best representation of the population.
• Data Analysis: Describe and justify how you propose to analyse and report the results and findings of your research with a discussion about reliability and validity (propose the use of statistical tests).

Business Research Method Assignment

Strategic Management in Professional Lives

In this discussion question you have the opportunity to be creative and to relate what you have learned about the Strategic Management to your professional lives. Please explore and critically think about some of the learning outcomes and concepts of Strategic Management. Please effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge of the course ethically and responsibly.  Your discussion should also include innovative thinking, and information-technology aspects (such as the Internet, social-media, computers, and so forth) that may assist you in decision-making. You may frame your discussion around any functional component of business, and in any context; problem-solving, management, leadership, organizational behavior, and so forth. Strategic Management in Professional Lives