SOLUTION MANUAL
Understanding Business Ethics
By Peter A. Stanwick, Sarah D. Stanwick
.
4th Edition
,SOLUTION MANUAL FOR
Understanding Business Ethics 4th Edition Peter A. Stanwick, Sarah D. Stanwick
Chapter 1-13
Chapter 1
The Foundation Of Ethical Thought
The Purpose Of This Chapter Is To Give The Students A Broad Overview Of The Theoretical
Foundation That Supports Ethical Decision-Making. It Is From This Theoretical Grounding
That The Students Can Understand How Their Decisions Related To Ethical Issues Can Impact
Not Only Themselves But Others As Well. In Addition, This Chapter Introduces The Structure
Of The Textbook Which Allows The Instructor To Also Explain His Or Her Structure For The
Class.
Key Learning Points
There Are A Number Of Key Learning Points Which Can Be Accomplished When This Chapter
Is Presented To Your Students. These Learning Points Include:
1. The Chapter Introduces The Student To The Concepts Of Ethics And Business Ethics.
2. Ethics Is A Complex Concept To Describe. Different Philosophies Have Used Different
Theories In Order To Help Explain And Guide Ethical Behavior.
3. Although Some Of The Theories Presented In This Chapter Were Developed Over Two
Thousand Years Ago, They Are Appropriate And Applicable To Today‟S Business
Environment.
4. This Chapter Demonstrates That The Eight Underlying Principles Presented In The
Global Business Standards Codex Are Interrelated With Each Other As Well As With
The Major Philosophical Theories Related To Ethics.
5. “Panera Cares Community Cafes: A Loaf In Every Arm” Demonstrates How One Company
Can Address The Needs Of Many Stakeholders.
6. Sir Nicholas Winton: A True Humanitarian Demonstrates That One Person Can Have An
Impact On Many Others By Doing “The Right Thing” Even At Great Personal Risk.
Panera Cares Community Cafes: A Loaf In Every Arm
The Opening Vignette Highlights How One Company, Panera Bread, Has Developed An
Outreach Program Of Providing Food For Which The Customers Will Pay Only What They Can.
If The Customer Does Not Have Any Money, They Can Donate 1 Hour Of Volunteer Work In
Exchange For The Meal. An Interesting Fact Is That 60 Percent Of The Customers Pay The
Retail Value, 20 Percent Pay Below The Retail Value, And 20 Percent Pay Above The Retail
Value Of The Meal.
,1. Ask The Class How Many Of Them Have Volunteered For A Nonprofit Organization.
Follow Up With Those Who Respond Positively By Asking Them Why They Volunteered. An
Additional Follow-Up Question Would Be To Ask If Those Same Students Would Consider
Volunteering In The Future.
2. How Does Panera Bread Satisfy The Demands Of The Stockholders By Potentially “Giving
Away” Food And Profits?
It Could Be Argued That Panera Bread Has An Enlightened Stakeholder Perspective To
Address The Needs Of Its Customers. Not Only Does This Program Support Those In Need In
The Local Communities But It Sends A Message To All Of Panera‟S Stakeholders That It Is
Interested In Serving Their Needs. Furthermore, The Long-Term Financial Benefit Of This
Program Could Be That As Those Customers Increase Their Standard Of Living, They Can
Afford To Pay The Full Price Of The Meal And Will Have Become Brand Loyal To Panera
Bread Due To This Program.
3. Would This Type Of Program Work For Other Restaurants?
It Is Expected That This Could Create A Lively Discussion In The Class. For Those Who Agree
That It Could Be Transferred To Other Restaurants, The Argument Could Be That The
Underlying Philosophy Of The Program Is To Support Those People In The Local Community
Who Have Food Security Issues.
Therefore, It Should Be Applicable In Any Type Of Food Service. For Those Who Say No, It
Could Be Argued That Panera Bread Probably Has Higher Profit Margins On Its Food Than
Other Type Of Quick Service Restaurants. Therefore, Other Fast-Food Restaurants Such As
Mcdonalds And Burger King Do Not Have The Flexibility To Offer Their Food At “Below
Cost”.
Definition Of Ethics And Business Ethics
To Introduce The Concepts Of Ethics And Business Ethics To The Students In The Classroom, A
Good Starting Discussion Point Would Be To Ask The Students What Kind Of Ethical
Dilemmas They Have Faced In The Past. A Follow-Up Discussion Point Would Be To Ask
Them What Type Of Ethical Dilemmas They Think They Will Face In Their Jobs After They
Have Graduated.
The Role Of Morals
It Is Important For Students To Understand The Three Components Of Morals: Individual
Principles, Individual Character, And The Consequences Of The Actions. Due To The
Multifaceted Nature Of Morals, The Students Need To Realize That They May Have Ethical
Principles But If Their Character Ignores Or Down Plays The Significance Of The
Consequences, “Ethical” People Can Do “Unethical” Actions. Therefore, The Greed Is Good
Example From The Movie Wall Street Is A Good Visual Example To Highlight This Potential
, Conflict. Gordon Gekko Believes That He Has Moral Principles,
Understanding Business Ethics
By Peter A. Stanwick, Sarah D. Stanwick
.
4th Edition
,SOLUTION MANUAL FOR
Understanding Business Ethics 4th Edition Peter A. Stanwick, Sarah D. Stanwick
Chapter 1-13
Chapter 1
The Foundation Of Ethical Thought
The Purpose Of This Chapter Is To Give The Students A Broad Overview Of The Theoretical
Foundation That Supports Ethical Decision-Making. It Is From This Theoretical Grounding
That The Students Can Understand How Their Decisions Related To Ethical Issues Can Impact
Not Only Themselves But Others As Well. In Addition, This Chapter Introduces The Structure
Of The Textbook Which Allows The Instructor To Also Explain His Or Her Structure For The
Class.
Key Learning Points
There Are A Number Of Key Learning Points Which Can Be Accomplished When This Chapter
Is Presented To Your Students. These Learning Points Include:
1. The Chapter Introduces The Student To The Concepts Of Ethics And Business Ethics.
2. Ethics Is A Complex Concept To Describe. Different Philosophies Have Used Different
Theories In Order To Help Explain And Guide Ethical Behavior.
3. Although Some Of The Theories Presented In This Chapter Were Developed Over Two
Thousand Years Ago, They Are Appropriate And Applicable To Today‟S Business
Environment.
4. This Chapter Demonstrates That The Eight Underlying Principles Presented In The
Global Business Standards Codex Are Interrelated With Each Other As Well As With
The Major Philosophical Theories Related To Ethics.
5. “Panera Cares Community Cafes: A Loaf In Every Arm” Demonstrates How One Company
Can Address The Needs Of Many Stakeholders.
6. Sir Nicholas Winton: A True Humanitarian Demonstrates That One Person Can Have An
Impact On Many Others By Doing “The Right Thing” Even At Great Personal Risk.
Panera Cares Community Cafes: A Loaf In Every Arm
The Opening Vignette Highlights How One Company, Panera Bread, Has Developed An
Outreach Program Of Providing Food For Which The Customers Will Pay Only What They Can.
If The Customer Does Not Have Any Money, They Can Donate 1 Hour Of Volunteer Work In
Exchange For The Meal. An Interesting Fact Is That 60 Percent Of The Customers Pay The
Retail Value, 20 Percent Pay Below The Retail Value, And 20 Percent Pay Above The Retail
Value Of The Meal.
,1. Ask The Class How Many Of Them Have Volunteered For A Nonprofit Organization.
Follow Up With Those Who Respond Positively By Asking Them Why They Volunteered. An
Additional Follow-Up Question Would Be To Ask If Those Same Students Would Consider
Volunteering In The Future.
2. How Does Panera Bread Satisfy The Demands Of The Stockholders By Potentially “Giving
Away” Food And Profits?
It Could Be Argued That Panera Bread Has An Enlightened Stakeholder Perspective To
Address The Needs Of Its Customers. Not Only Does This Program Support Those In Need In
The Local Communities But It Sends A Message To All Of Panera‟S Stakeholders That It Is
Interested In Serving Their Needs. Furthermore, The Long-Term Financial Benefit Of This
Program Could Be That As Those Customers Increase Their Standard Of Living, They Can
Afford To Pay The Full Price Of The Meal And Will Have Become Brand Loyal To Panera
Bread Due To This Program.
3. Would This Type Of Program Work For Other Restaurants?
It Is Expected That This Could Create A Lively Discussion In The Class. For Those Who Agree
That It Could Be Transferred To Other Restaurants, The Argument Could Be That The
Underlying Philosophy Of The Program Is To Support Those People In The Local Community
Who Have Food Security Issues.
Therefore, It Should Be Applicable In Any Type Of Food Service. For Those Who Say No, It
Could Be Argued That Panera Bread Probably Has Higher Profit Margins On Its Food Than
Other Type Of Quick Service Restaurants. Therefore, Other Fast-Food Restaurants Such As
Mcdonalds And Burger King Do Not Have The Flexibility To Offer Their Food At “Below
Cost”.
Definition Of Ethics And Business Ethics
To Introduce The Concepts Of Ethics And Business Ethics To The Students In The Classroom, A
Good Starting Discussion Point Would Be To Ask The Students What Kind Of Ethical
Dilemmas They Have Faced In The Past. A Follow-Up Discussion Point Would Be To Ask
Them What Type Of Ethical Dilemmas They Think They Will Face In Their Jobs After They
Have Graduated.
The Role Of Morals
It Is Important For Students To Understand The Three Components Of Morals: Individual
Principles, Individual Character, And The Consequences Of The Actions. Due To The
Multifaceted Nature Of Morals, The Students Need To Realize That They May Have Ethical
Principles But If Their Character Ignores Or Down Plays The Significance Of The
Consequences, “Ethical” People Can Do “Unethical” Actions. Therefore, The Greed Is Good
Example From The Movie Wall Street Is A Good Visual Example To Highlight This Potential
, Conflict. Gordon Gekko Believes That He Has Moral Principles,
