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Authentic Lecture - Summary Notes

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AUTHENTIC LECTURE – SUMMARY NOTES

Introduction
Topic: _____________________________________________________________________________________________________________________
Main idea 1: ______________________________________________________________________________________________________________
Main idea 2: ______________________________________________________________________________________________________________
Main idea 3: ______________________________________________________________________________________________________________
Main idea 4: ______________________________________________________________________________________________________________
Main idea 5: ______________________________________________________________________________________________________________

Listen to the lecture and complete the summary notes. Write NO MORE THAN 3 WORDS for each blank.
Main idea 1:

 Aim: give staff a sense of how to (1) ______________________

 Consider responsibilities of all stake holders: suppliers, employees, (2) _______________and outside community

à Not easy task. Companies have to share interests and (3) ______________________

Main idea 2:

 Reports of corporate fraud and crime

à Business leaders don’t (4) ______________________

Main idea 3:

 Corruption has big impacts on business and economy

o Impacts on stakeholders: lose jobs, salaries, investments when (5) ______________________ occur

o Impacts on community when violations of (6) ______________________ regulations take place

 Examples of the impact

o Survey in 2002, 70% of investors claim they are (7) ______________________ into a company if they worry that

the company and its executives are cheating

à This hurts the company and (8) ______________________

o Reports of corporate corruption make employees doubt the integrity of business executives

 91% employees believe that leaders just care for themselves

 People at the top (9) ______________________ to encourage or discourage ethical behaviors


 Experts found that there is (10) ______________________ between the ways employees think about leaders’

ethical behaviors and their own ethical behaviors

Main idea 3:

 Promoting business ethics helps

o Avoid scandals

o Create better work environments and (11) ______________________

 companies with integrity attract better employees

 employees in ethical companies feel more satisfied in work, (12) ______________________ as workers and

become (13)______________________________ at work

à Help a company (14) ______________________

Main idea 4:

 Develop (15) ______________________ including

o Establish written (16) ________________________codes of ethics (i.e. written rules or guidelines)

o Train employees on how to follow the rules

o (17) ___________________________ for evaluation

à Make executives and employees become (18) ______________________ for their behaviors

 (19) ______________________ in business schools

à Future business leaders will have (20) ______________________ of how to behave responsibly before entering

business

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