Quick Business Ethics Review

1
Aims For Today

• Quick Business Ethics Review
• Evaluation of Technological Change

2
Quick Quiz Review!

• What are business ethics?
• What may be a major influence on a businesss
  ethics?
• Give 2 advantages of ethical behaviour
• Give 2 disadvantages of ethical behaviour

3
What is Technological Change?
BENEFITS

• threats
• Development of WHAT is being produced by a firm,
  and HOW it is being made

BENEFITS
Threats
4
What is Technological Change?

• Is the rate of change getting faster or slower?
• Is the typical product life cycle getting longer
  or shorter?
• Is the chance of a new product succeeding getting
  more or less probable?

5
Primary Sector

• Agriculture tractors / combine harvesters
• Agrochemicals pesticides raising yields
• Biological research GM foods

6
Secondary Sector

• Robots assembly production
• CAD business design
• CAM telephones / computers
• Integrated manufacture

7
Tertiary Sector

• Government sector medical / vaccines / laser
  surgery
• Financial sector matching customers to products
• Distribution
• Post communication
• Hotels travel e-tickets / electronic visas
• Retailing packaging / home shopping / payment

8
Problems Introducing New Tech

• The EXPENSE!! And when to buy?
• Compatibility with other equipment (islands of
  automation)
• How to introduce? (closure while set up?)
• Industrial relation problems (monotonous jobs /
  retraining / stress)
• Training (more expense!)
• Motivation

9
Benefits of Introducing New Tech

• Increased productivity higher profits
• Reducing waste
• Improved working environment - safer
• Improvement in communication
• Higher wages / dividends

10
The Internet!!

• A revolution in the way businesses communicate
  and the way they do business

11
Something new every day!
12
Whats happening to the music industry?
13
Homework

• Complete B2 Case Study (page 520 of text books)
  for next lesson