BME 3503 Business Ethics and Corporate Social Responsibility

Course Code BME 3503
Course Title  Business Ethics and Corporate Social Responsibility
Number of Credits 5
Academic Year 3

The aim of this course is to provide the student with a broad understanding of Business Ethics and Corporate Social Responsibility. In the contemporary dynamic business world, ensuring corporate social responsibility and ethics have become a challenge for business organizations. The entire world is urging Business ethics and Corporate Social Responsibility, mainly because of social and environment issues taken place within the last few decades. Thus, it is compulsory for modern graduates to possess a sound understanding on these concepts. Therefore, this course covers the important concepts, processes and best practices associated with Business Ethics and Corporate Social Responsibility and it enables students to integrate the knowledge of Business Ethics and Corporate Social Responsibility in to strategic business decisions.

  • To provide a broad understanding about the concepts of Business Ethics and Corporate Social Responsibility to the students.

To enhance the ethical and socially responsible behavior of organizations in the future.

At the end of completion of this course, students should be able to;

  • Understand the meaning of corporate business ethics and social responsibility
  • Understand different theories and concepts of business ethics and corporate social responsibility
  • Develop coherent understanding about ethical and socially responsible behaviour of both local and international business organizations.
  • Develop their own arguments and comments on business ethics and corporate social responsibility

Apply their knowledge on corporate business ethics and social responsibility to enhance the social well-being

Main Topics Sub Topics No. of Hours
1.Introduction to Business Ethics


1.1   Meaning of business ethics

1.2  Defined business ethics

1.3  An overview of business ethics

1.4  The development of business ethics

1.5  Objectives of studying business ethics

1.6  The benefits of business ethics

2. Individual factors: moral philosophies and cognitive moral development


2.1 Ethics and profit

2.2 Moral philosophy defined

2.3 Moral philosophy perspective

2.4 Teleology

2.5 Deontology

2.6 The relativist perspective

2.7 Virtue ethics

2.8 Justice

2.9 Cognitive moral development

2.10 Applying moral philosophy to ethical decision making

3. An ethical decision making framework


3.1 Organizational structure and business ethics

3.2 Individual factors and organizational factors

3.3 The role of corporate culture in ethical decision making

3.4  Ethical Leadership

4. Functional areas of business ethics


4.1 Ethics and stakeholders

4.2 Ethics and human resources management

4.3 Ethics in marketing

4.4 Ethics in finance

4.5 Ethics in operational management

5. Development of an effective ethics program


5.1 Identification of behavioral patterns of employees

5.2 Establishment of code of ethics

5.3 Communication system of ethical standards

5.4 Characteristics of effective ethics program

6. Emerging issues in business ethics


6.1 Ethical issues in business

6.2 Ethical perceptions and international business

6.3 Globalization and Business Ethics

7. An introduction to corporate social responsibility and Theories in CSR 7.1 Define corporate social responsibility

7.2 Evolution of corporate social responsibility

7.3 Arguments for and against corporate social responsibility

8. Organization and its stakeholders


8.1 Stakeholder Theory

8.2 Stakeholder Management

8.3 Organizational Responsibilities towards stakeholder





9. Corporate social responsibility in Sri Lankan context 9.1 Contemporary CSR practices of Sri Lankan business organizations

9.2 Redefining CSR ion Sri Lankan context

10. Globalization and CSR 10.1 Define globalization

10.2 Impact of globalization on business organizations

10.3 Mangers responsibility to minimize the unethical practices in globalized business world

11. CSR and Sustainable Development 11.1 Introduction to Sustainable Development

11.2 Why organizations’ need Sustainable Development?

11.3 How should organizations work towards sustainable development?

Mode of Evaluation Final examination will be conducted
  • Desjardins, J., 2009. An Introduction to Business ethics.New York, McGraw-Hill Companies.
  • Vasishth,N. and Rajput,N.,2010,Corporate Governance, Values and Ethics. Haryana, Tan Printers (India) Pvt Ltd.
  • Any other reading material recommended by the lecturers

Additional Readings:

  • Jennings, M.M.,2009. Cases in Business Ethics. New Delhi, Cengage learning India (Pvt) Ltd.

Shaw, W.H.,1999. Business Ethics. Canada, Wadsworth Publishing Company.