10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Moving Forward on Ethics Education in One School’s MBA Program David E. Olson Chester Bryniarski Cuiping Wang Silver Arias California State University – Bakersfield 9001 Stockdale Hwy Bakersfield CA USA 93311 661-654-2284 or 805-646-1596 dolson@csub.edu, cbryniarski@bak.rr.com, cuipingwang2008@yahoo.com, ksilverarias@yahoo.com October 15-16, 2010 Rome, Italy 1 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Moving Forward on Ethics Education in One School’s MBA Program ABSTRACT Recent events in the financial industry, the BP oil spill, and HP point out the clear and present need to address business ethics within MBA programs. It remains, however, a marginalized discipline. In this work, we take a brief look at business ethics education in U.S. MBA programs and follow one program as it attempts to address the need to review and expand business ethics in their curriculum. In a survey given in the capstone course, it was found that most students want business ethics to be part of the curriculum. While most feel that ethics should be an integral part of the capstone course (and, perhaps other courses as well), approximately half also feel that a stand-alone course should be a requirement of the program. When looking at how business ethics should be taught, most feel that a variety of methods should be used but the order of preference was discussion, lecture, and lab or field study. While this is just a preliminary study that has a small sample size and only obtains feedback from students, it provides clear support for inclusion of business ethics into an MBA curriculum. INTRODUCTION The discipline of ethics is both vital and one of the oldest fields of study. However, in our modern academy, it is often simply ignored or relegated to an afterthought. Its importance, as well as its low priority, is nowhere more true than in business education. With a growing focus on science, MBA programs are often slow to find the need to train their students in the way of right and wrong, (Porter and McKibbin, 1988). This paper takes a look at one such school that is currently working to make business ethics an integral part of its curriculum. October 15-16, 2010 Rome, Italy 2 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 LITERATURE REVIEW The quest for business ethics spans centuries and civilizations. In early Western civilization its beginnings grew out of the concept of arête, which could be translated to mean excellence. In the East, the Mongols were guided by three tasks to perform in life—to ride well, shoot straight, and speak the truth (600 BCE). By 350BCE, Aristotle was teaching prescriptions about how commerce, wealth accumulation, and money should be conducted and treated. He writes that, “the trade of the petty usurer is hated,”. Ever since, religious leaders, philosophers, and politicians from Luther and Calvin to Adam Smith and Karl Marx and from Machiavelli to Obama have all had much to say about how business ethics should and should not be conducted and promulgated. Most often, these stories tell of woeful deficiencies that harm customers, employees, shareholders, the environment, or any number of negatively-affected parties. Marking its continued interest, a cursory look at the current best-selling books will find everything from insights on current evil behavior in titles such as, The Big Short: Inside the Doomsday Machine by Michael Lewis, which is about how behavior on Wall Street led to the recent economic collapse, to others that show how companies can do well by doing good such as Rosabeth Moss Kanter’s recent work, SuperCorp: How Vanguard Companies Create Innovation, Profits, Growth, and Social Good. All this is, of course, for good reason. There is a never ending interest in examples where businesses and their leaders rise or fall as they deviate from ethical expectations. There will be, then, a never ending sequence of stories where businesses and their leaders do so. Recently, it seems as though the trend is more focused on the negative deviations. A survey done by Pomeroy (2007) about American employees found that 73% have witnessed ethical misconduct at work. Unethical behavior by employees may include things such as October 15-16, 2010 Rome, Italy 3 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 wasting company/working time, using company supplies for personal use, property theft, failing to whistle blow, illegitimately exchanging company resources for personal gain, and deceiving customers or clients (Luna-Arocas and Tang, 2004). Business ethics has become an increasingly important part of the global conscience (Freyne, 2009; Gilmartin, 2008). Businesses quickly recognized that damage can be done by unethical behavior. We have all experienced the recent collapses in the economy, and we have all read about how various parties have been at fault. In a survey taken in January 2009 by the Harvard Business Review Advisory Council, it was found that 76% of respondents had lowered their level of trust in the senior management of U.S. corporations just since June 2008. It is noteworthy that this survey took place before the oil spill debacle with British Petroleum or Mark Hurd’s recent allegations of expense report manipulations at Hewlett-Packard. So, it should come as no surprise that, “leading businesses no longer debate the legitimacy of the role and importance of ethics, rather, they are forging ahead, finding new ways to put ethics into practice” (Krehmeyer, 2007). Some businesses even state that sustainable success can be achieved only through ethical behavior (Veiga, 2004). Ethics in Business Schools In response, Swanson and Frederick (2003) believed business ethics should be an essential part of the curriculum of schools of business. Every year, American companies hire employees from schools of business. If these graduates bear unethical minds, American business and society will suffer eventually. Business schools should have the responsibility to prepare business students with ethical challenges, and equip them with tools so that they can combat with ethical armament in the business world. October 15-16, 2010 Rome, Italy 4 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Research has shown that one way to establish an ethical climate and to reduce unethical employee behavior is through ethics training or corporate ethics programs (Greenberg, 2002, Tang and Chen, 2008). Ethics training can be integrated with education. Wright says that, “Education is the best means to develop good ethical behavior in the modern business environment” (1995). Giacalone (2008) suggests that business schools need to ensure that students are equipped with ethical integrity to meet challenges in the real business world. Business ethics in academia has followed a mixed path. Around fifty years ago, separate studies by the Ford Foundation and the Carnegie Foundation concluded that the quality of business schools must be improved through an increased focus on hard sciences like economics, statistics and research. At a time when many business schools were still struggling for legitimacy, this position was taken to heart. So, while subjective disciplines such as ethics have remained as important as ever to the world, they continually struggle for respect and for important resources. (Podolny, 2006). As a formal discipline, business ethics can be traced to its first academic conference which was held at the University of Kansas in 1974 (N. Bowie, 1986). In the academic world, we have come a long way from that first conference 36 years ago. There are now several journals that devote themselves entirely to the study of business ethics. These include Journal of Business Ethics, The Journal of Academic and Business Ethics, and Business Ethics Quarterly. Other mainstream journals feature articles and even entire issues to the subject. One such issue, Academy of Management Learning & Education, September 2006, is devoted to the topic of how ethics might be brought to business students in higher education. Some of these issues are whether ethics can and should be taught at all, whether it should be taught as a stand-alone course, integrated into existing courses, or both, and how it might best be delivered. October 15-16, 2010 Rome, Italy 5 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 The Association to Advance Collegiate Schools of Business (AACSB), the leading international body for accreditation of business schools, started requiring inclusion of ethics in business school curricula in the mid 1980s (McWilliams and Nahavandi, 2006). In the 1990s, ethics and social responsibility were de-emphasized in many business schools (Evans and Marcal 2005). In 2004, AACSB created an Ethics Education Task Force that culminated in a white paper to “renew and revitalize their commitment to teaching ethical responsibility at both the individual and corporate level”. In response to the call from AACSB, Standard 15 now calls for business undergraduate degree programs to include learning experiences in ethical understanding, and for undergraduate and master’s degree programs to include ethical responsibilities in organizations and society (Sleeper, Schneider, Weber, and Weber, 2006). These standards illustrate the increasing importance of including business ethics education in the curricula of its member institutions by stating that, “Although AACSB has insisted on the inclusion of ethics in business curricula for many years, it has responded to recent revelations of corporate malfeasance by searching for ways to strengthen its role in preparing socially responsible graduates for management careers” (Sleeper, Schneider, Weber, and Weber, 2006). Research provides mixed results on how business students view ethics education. Most students report that there should be ethical standards in business (Crane, 2004), that studying ethics is valuable (Power and Lundsten, 2001), and that they are interested in having meaningful discussions on ethics as part of their education (Adkins and Radtke, 2004). At the same time, one recent study found that less than 5% of perspective MBA students felt that ethics education was an important part of an MBA education (Dobie, 10). MBA programs are caught in between. Just the title of a recent article, “Business Schools: A Failing Grade on Ethics” (Business Week, Feb 6, 2009), expresses the problem that programs have in providing adequate ethics education. October 15-16, 2010 Rome, Italy 6 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Too often, the article suggests, it is done by either focusing on studying a recent scandal in a 90 minute case study or by simply recognizing the difficulty of teaching ethics and avoiding the subject area altogether. In response, it has been suggested that programs need to make a concerted effort to make corporate social responsibility and ethics integral to curriculum (Gioia, 2002). While the need for ethics in business education is continuous and great, the degree to which it takes place, how it is implemented, and its level of formality, vary greatly. Just 16% of reporting universities noted that they required completion of a stand-alone business ethics course from their graduates (Stewart, Felicetti, and Kuehn, 1996). Meanwhile, 83% of the schools report that they had chosen to integrate business ethics into each functional area of their program (Evans and Robertson, 2003). In a 1988 nationwide survey of AACSB member schools, it was reported that 91% of responding institutions had at least one course where the professor had devoted at least 10% of class time to the teaching of ethics (Schoenfeldt et al., 1991). More recently, we find that many AACSB accredited schools, such as Mendoza College of Business at the University of Notre Dame and the Kellogg School of Management at Northwestern University included new ethics coverage in their MBA curricula (Beggs and Dean, 2007). Evans and Marcal (2005) note that if students are not exposed to ethically challenging situations in school, they will be unprepared for and more likely to fail in providing needed ethical leadership when they enter business. Those who support teaching business ethics advocate that ethics education can help students acquire the knowledge and skills to make proper judgments about the ethical dimensions of economic activities. The emphasis is on building competences to help students identify, analyze, judge, and evaluate ethical matters in business, and to help them apply ethics to real-life business decisions (Rossouw, 2002; Sims, 2002). October 15-16, 2010 Rome, Italy 7 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Many studies indicate the uses that may accrue from ethics education. Besides the more obvious benefits of reinforcing values and teaching ethical reasoning (Menzell, 1997), and raising awareness of moral issues, McWilliams and Nahavandi (2006), ethics education can lead to more complex and flexible thinking and can help students to identify, analyze, judge, and evaluate complex issues (Sims, 2002; Carlson and Burke, 1998). So, by exposing students to ethical concepts and applications, business schools can better prepare students to make nonprogrammed decisions of any kind. How can ethics education be integrated in the curriculum? Some say that the problem with business ethics education is that we do not teach it well (Gioia, 2002). Sims (2004) suggests that business schools should take on a strong and more focused role in teaching ethics through carefully designed curricula and use of a variety of methods (Felton and Sims, 2005; Sims and Felton, 2006). In a survey of AACSB deans, the majority responded that their business school infuses ethics through integration in the core curriculum of their MBA programs. A much smaller number also require a stand-alone course, and less than 10% rely exclusively on a stand-alone course on ethics. In another survey, most MBA faculty recommended integration into core courses to increase effectiveness of ethics education (McDonald, 2004). When asked to recommend one change to improve ethics and social responsibility in their school, 28% indicated that the most effective change is the further integration of ethics topics into core courses (Woo, 2003). However, in a study among Business Week readers on how ethics should be taught, the majority of respondents (64%) thought ethics should be taught as a stand-alone course for MBA students, with fewer respondents (27%) favoring an integrated approach (Business Week Online, 2003). October 15-16, 2010 Rome, Italy 8 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 What is the effect of business ethics education? Some ethics education has reported remarkable success. Researchers have found that business students that took an ethics course will be better at recognizing ethical issues (Gautschi III and Jones, 1998), will have better ethical decision-making skills (Wu, 2003), while Desplaces, et al. (2007) found that simply adding ethics related discussions improved ethical issue recognition. Looking at it from another angle, it is informative to see what the top business schools do. While we saw before that just 16% of all reporting business schools require an ethics course, that number jumps to 27% (32% when also counting corporate social responsibility as an ethics course) when isolating just the top 50 programs as reported by The Financial Times (2006) and to 40% when using standards set by Navarro (2008). While it is obvious that there is a positive association between requiring ethics education and program excellence, it remains unclear which is the cause and which the effect. Pedagogy One last issue to consider here is methodology. It should come as no surprise that choice of pedagogy can affect the level of student interest and excitement in the material (Sleeper, Schneider, Weber, and Weber, 2006), as well as their understanding and memory (Jayabal & Babu, 2005). In a seminal work on teaching methods, Wilkinson (1984) suggests that the three primary tools are lecture, lab session or field trip, and discussion session. While recognizing other methods, he explains that like the three primary colors can be used to make any color, so a combination of lecture, lab or field trip, and discussion are at the core of any teaching methodology. He goes on to say that lecture has an advantage when disseminating information October 15-16, 2010 Rome, Italy 9 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 and providing examples but not in stimulating responses. Labs and field trips are beneficial for direct contact and illustrative vividness but have no foundation. Discussion can provide a depth of insight from a multitude of perspectives but can lack structure and predictability. In pedagogical studies, Morgan et. al. (2000) found that lecture combined with discussion produced a higher level of retention than cooperative learning but this advantage did not last over the longer term and Armbruster et. al: (2009), found that students perceived their engagement and their performance improved when active learning techniques were added to their courses. In a study conducted to ascertain the weighting of various pedagogies utilized in the 25 top-ranked U.S. MBA business schools, it was found that the primary tools are case studies (42.6%), lecture (37.2%), experiential learning (16.2%), and simulation (12.5%). Smaller weightings were allocated to projects and to discussions. (Jayabal & Babu, 2005). When isolating out ethics, the top schools tend to teach ethics with a combination of lecture and discussion (Freehafer, 2005). Overall, there is little to conclude from these studies except that there are a variety of teaching methods available, each of them have limitations and strengths, and some types of courses may be more suited toward one method or combination of methods while other courses may do better with a different palate of methods. METHOD The school under study here was recently encouraged by AACSB to make a concerted effort to evaluate, implement, and assess business ethics as a part of its MBA program. This process began in fall 2009 with the program’s fall retreat. The professor in charge of the capstone course was given responsibility to review current practices and views, test market some techniques, and report back to faculty at the fall 2011 meeting. To begin, an AACSB seminar on October 15-16, 2010 Rome, Italy 10 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 business ethics education was attended. The essentials from the seminar were then condensed and set into the framework of the existing capstone course to be tested on the twenty-four students taking the course in spring quarter 2010. Students were informed at the beginning of the term about the objectives of the professor and school. They were also told that their course would be used as a test case and that they would be consulted for input. The course has always been focused around the business simulation, “The Business Strategy Game”. The students participate in this simulation by running their own fictitious athletic shoe company in a competitive environment against the other students in the course. At the end of the course, they are required to create a comprehensive annual report that illustrates their mastery of each discipline including accounting, finance, management, and marketing. In the revamped course, course credit was increased from 3 quarter units to 5 quarter units. In addition to the earlier assignments, students were also exposed to lecture material on business ethics in both theory and application. Next, they were tested on the material with a multiple choice and short answer quiz. Following the quiz was a case study – British Petroleum (BP) and the oil spill – that required each student to review the case, its issues, and discuss the descriptive and prescriptive aspects of the situation in regards to business ethics. A third addition to the course was the requirement that each student create a corporate social responsibility report for their fictitious corporation. This assignment called for a comprehensive social audit to address the needs of each important stakeholder group. Finally, students were asked to complete a survey that asked about their views on business ethics education in the course and program. This survey consisted of twenty-one questions that called for a response on a 5-point likert scale with the range of possible responses going from 1 (strongly agree) to 5 (strongly disagree). The first nine questions asked students October 15-16, 2010 Rome, Italy 11 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 the degree to which they felt more of the course should be devoted to business ethics. This was broken into options of in general, lecture, discussion, debate, case study, experiential exercise, service project, simulation, and other. The next nine questions were the same but asked about the program instead of just the course. The final three questions asked whether the course and the program effectively provided a working understanding of business ethics and whether the program should offer a stand-alone business ethics course. An analysis was also conducted on the results of a survey on the methods used in providing business ethics education at the twentyfive top rated MBA programs in the U.S. (Jayabal & Babu, 2005). Toward the end of the course, students were offered the opportunity to assist in a research project taken from the course. The offer came with no stated hurdle of commitment and no opportunity for course credit of any kind. The offer was publicly announced in class and responses were solicited by email. Of the twenty-four students in the course, three responded. These three have been very active in all stages of the research project from literature review to the final product. Two of the three are also presenting the paper, with the third unable to attend because of visa issues. RESULTS In Jayabal and Babu’s work (2005) on the evaluation of business ethics teaching methods used at the top twenty-five U.S. business programs, there is a chart that breaks out the percentage of efforts that each school devotes to case study, lecture, experiential learning, simulation, and other pedagogy. In our work, we recombine their categories into the three provided by Wilkinson (1984); discussion, lecture, and lab study or field trip. In these schools, the mean time October 15-16, 2010 Rome, Italy 12 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 devoted to discussion, lecture and lab or field was 41.8%, 37.2%, and 21.0%, respectively (see Table 1). Looking at correlations, we found that there was a positive relationship between the devotion to discussion and school ranking and a negative correlation between both lecture and lab or field study and ranking. With such a small sample size, it is not surprising that none of these relationships were significant at the 95% confidence level. In the survey taken in our course, students were asked to rate their views on a 5-point likert scale where 1 = strongly agree and 5 = strongly disagree. In questions regarding whether more time should be devoted to teaching business ethics, the program mean was 1.8 while the course mean was 2.0. Looking more carefully at this last question mean responses for pedagogical alternatives were 2.5 for lecture, 1.4 for discussion, 2.2 for debate, 2.4 for case study, 2.1 for experiential exercise, 2.9 for service project, and 2.2 for simulation. While pedagogical scores were all lower for the program, the largest deviations came from lecture and service project, which were 2.0 and 2.4, respectively (see Table 2). When asked whether the course effectively provided a working understanding of business ethics, the mean response was 2.3. The same question about the total program yielded 2.4, and there was a strong positive correlation between these two. The average score for whether there should be a stand-alone business ethics requirement was 2.7. This question had a significant and negative correlation between the two prior questions. When asked whether more of the course should be devoted to business ethics, the mean response was 2.0. More specifically, when asked what method they would most agree for providing ethics in the course, the responses varied from 1.4 for discussion to 2.4 for case study, 2.5 for lecture and 2.9 for service project. When asked the same question about the program, the score was 1.7 for agreement that more of the program should be devoted to business ethics. Compared with the course responses, the largest changes October 15-16, 2010 Rome, Italy 13 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 came from greater agreement for the case study approach (1.9) and with service projects (2.4). Looking at correlations between methods, we find that all significant relationships have strong positive relationships. Looking strictly at the course, these relationships hold between discussion and lecture (.645) (see Table 3), between experiential and debate (.718), between simulation and debate (.784), and between simulation and experiential (.660). There are similar findings between pedagogies when looking program-wide. DISCUSSION In our survey, it is important to remember that for any question, a lower score means a stronger affirmative agreement. In every question, students mean score is less than 2.9 (see Table 2). This seems to indicate an overall interest in the study of business ethics for these students. Recall that students self-reported means scores of 2.3 and 2.2, respectively, when asked whether the program and the course provided a working understanding of business ethics. Since this course was designated as the venue for formal integration of business ethics into the program, it is not surprising that it would score lower than the program as a whole. It is also consistent that since the course score is fairly low, so is the program score. However, a great many students still think there is ample room for improvement. When looking carefully at the data, we find that 33% agreed that more of the course should be devoted to the topic of business ethics and that 39% said the same about the program (see Table 4). Meanwhile, 50% felt that a stand-alone ethics course should be part of the core curriculum. Therefore, it appears that while about half of the students are satisfied or very satisfied, between about a third and one half think that there should be one or more modifications to the curricula to add more ethics material. Of October 15-16, 2010 Rome, Italy 14 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 note here, though, is that because there is a significant and strong negative correlation between the desire for a stand-alone course and the desire for additional integration, there are distinct views about how and what additional material should be included in the program. Apparently students can be just as conflicted as professors, employers, and philosophers when it comes to such matters. Looking further into pedagogy, it is interesting to note that by far the most agreed upon technique was discussion at 1.44. This was followed by lecture at 2.50 and service project at 2.89. Remember that in the evaluation of techniques used by the top 25 programs, discussion was the most prevalent at 41.8%, lecture at 37.2% and lab and field work was the least used at 21.0%. While there is no scientific significance between these numbers, it is noteworthy that the students would choose the same ordering that the top 25 schools already provide. Still, these relationships must be tempered when looking at the high degree of positive correlation between the pedagogies. What the full analysis of this data is telling us is that the students who desire additional ethics training in the capstone course want to receive it through more than one method and those who don’t want any more ethics don’t want it in any of them. While this last point is true for the course, it is accentuated for the program as a whole. We propose that the reason for this is that students’ view that there is more opportunities that can take place within the program than there is in just the capstone course. This would be especially true for service projects. Given that the pedagogy showed the largest deviation between course and program, it is logical to assume that students are comparatively interested in completing a service project that could take place over the course of many terms or even the entire program. October 15-16, 2010 Rome, Italy 15 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 CONCLUSION Recent events such as the financial crisis and BP oil spill point out the widespread devastation that can occur when ethics is left out of the equation for business. Most recently, the revelation that Mark Hurd, the CEO at Hewlett-Packard, had simply shown a brief and somewhat questionable lapse in moral judgment has had the effect of Mr. Hurd losing his job and HP losing $10 billion in market value in just one day and $14.5 billion in a week (Reinhardt, 2010) (it took Mr. Hurd more than five years as CEO to add $44.6 billion of value to the company) (Ogg, 2010). These events point out that having both an understanding of moral issues and the fortitude to serve above reproach are essential for the successful business executive. Therefore, business ethics, rather than being an afterthought, should be a critical component of any MBA program. It is, however, a tricky one to implement. Views are not consistent across students as to how business ethics should be taught, where it should be taught, or even whether it should be taught. What can be identified from this study is that there is definitely a place for business ethics in a capstone course as well as in other core courses. Furthermore, it is wise to consider having a stand-alone business course as an elective or even as part of the required core. Finally, it is important to address the topic from an array of pedagogies that should deliberately include a combination of discussion, lecture, and lab or field study techniques. October 15-16, 2010 Rome, Italy 16 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 REFERENCES Adkins, N., & Radtke, R. R. (2004). Student and faculty members’ perception of the importance of business ethics and accounting ethics education: Is there an expectations gap? Journal of Business Ethics, 51(3), 279-300. Armbruster, P. et. al. (2009). Active learning and student-centered pedagogy improve student attitudes and performance in introductory biology. Life Sciences Education, 8, 203-213. Beggs, J.M., & Dean, K. 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Wright, M. (1995). Can moral judgment and ethical behavior be learned. Management Decision, 33(10), 17-28. Wu, C. F. (2003). A study of ethical recognition and ethical decision-making of managers-to-be across the Taiwan Strait before and after receiving a business ethics education. Journal of Business Ethics, 45, 291-307. October 15-16, 2010 Rome, Italy 21 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 APPENDICES Table 1: Teaching methods – use (%) (original data collected by Jayabal & Babu, 2005). Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 B-school Discussion Lecture Lab/Field 55 33 80 45 40 40 40 40 70 25 55 30 37 30 40 40 35 50 35 40 30 30 45 30 50 30 33 15 30 45 40 40 25 15 50 30 50 38 60 35 30 45 30 60 30 50 50 25 50 25 15 34 5 25 15 20 20 35 15 25 15 20 25 10 25 30 20 20 5 30 20 20 30 20 25 41.8 12.8 30.7% 25 37.2 12.5 33.6% 25 21.0 7.8 37.4% 25 Rank 1 Discussion Lecture Lab/Field -.337 .100 .272 .188 .116 1 U of Penn (Wharton) North Western (Kellogg) Harvard MIT (Sloan) Duke (Fuqua) Michigan Columbia Cornell (Johnson) Virginia (Darden) Chicago Stanford UCLA (Anderson) NYU (Stern) Carnegie Mellon UNC - Chapel Hill Dartmouth (Tuck) Texas (Austin Mc-Lombs) UC - Berkely (Hass) Yale Indiana (Kelley) Rochester (Simon) Vanderbilt (Owen) Washington U (Olin) USC (Marshall) Purdue (Krannert) ANALYSIS Mean S. Dev. Coef. of Variation (%) N Pearson's Correlations Rank Discussion - correl. signif (2-tailed) Lecture - correl. signif (2-tailed) Lab/Field - correl. .580 **. Correlation is significant at the 0.01 level (2-tailed). signif (2-tailed) October 15-16, 2010 Rome, Italy 22 -.809** .000 -.345 -.273 .092 .187 1 1 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Table 2: Business Ethics Survey – Scale is 1=strongly agree to 5=strongly disagree Question Mean Mode Std Dev More of program should be devoted to ethics 1.8 2 0.71 More of capstone should be devoted to ethics 2.0 2 0.76 Capstone provides working understanding of ethics 2.3 2 0.91 Program provides working understanding of ethics 2.4 2 1.10 Program should have stand-alone ethics 2.7 2 1.08 Capstone through discussion 1.4 1 0.98 Capstone through experiential exercise 2.1 1 1.18 Capstone through debate 2.2 1 1.35 Capstone through simulation 2.2 2 1.19 Capstone through case study 2.4 3 1.25 Capstone through lecture 2.5 1 1.29 Capstone through service project 2.9 3 1.41 Program through discussion 1.6 1 0.98 Program through case study 1.9 1 1.08 Program through experiential exercise 2.0 1 1.33 Program through lecture 2.0 2 1.08 Program through simulation 2.1 2 1.26 Program through debate 2.2 1 1.34 Program through service project 2.4 1 1.33 October 15-16, 2010 Rome, Italy 23 October 15-16, 2010 Rome, Italy 24 Capstone Provides BE Program Provides BE Program Stand-Alone Devote More Capstone to BE Capstone Thru Lecture Capstone Thru Discussion Capstone Thru Debate Capstone Thru Case Study Capstone Thru Experiential Capstone Thru Service Proj. Capstone Thru Simulation Devote More Program to BE Program Thru Lecture Program Thru Discussion Program Thru Debate Program Thru Case Study Program Thru Experiential Program Thru Service Proj. Program Thru Simulation 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2 1 1 1 1 1 2 2 2 3 1 3 1 1 1 2 2 2 2 2 2.1 2.4 2 1.9 2.2 1.6 2 1.8 2.2 2.9 2.1 2.4 2.2 1.4 2.5 2 2.7 2.4 2.3 2.1 1.26 1.33 1.33 1.08 1.34 0.98 1.08 0.71 1.19 1.41 1.18 1.25 1.35 0.98 1.29 0.76 1.08 1.10 0.91 1.01 *. Correlation is significant at the 0.05 level (1-tailed). **. Correlation is significant at the 0.01 level (1-tailed). Capstone Mode 1 Mode Mean S. Dev. Nonparametric Correlations Spearman's rho (1-tailed) Question Variable 1 2 3 4 5 6 7 8 9 10 .452 -.232 .178 -.182 .234 .147 -.090 .545** .362 .010 -.289 .334 .122 .343 .092 -.045 -.190 .429 .226 -.097 -.291 .350 .121 -.235 -.154 .174 .271 .279 -.097 .131 .351 .041 -.126 .436 .309 .341 .274 .062 .252 .404 .156 -.251 .406 * .157 .047 -.030 .152 .236 .232 -.098 -.160 .349 .263 -.103 -.327 .088 .273 .026 .459 .261 .160 .392 .172 .175 .244 .256 .461 .059 12 13 .035 .005 .186 .001 14 15 16 17 18 .640 .028 .003 ** .462 * .031 .003 19 20 .395 .182 .058 .000 .066 . .315 .465 * .546 ** .545 ** .350 .562 ** 1.000 .224 .026 .010 .010 .077 .008 . .221 .271 .387 .775 ** .604 ** .817 ** .731 ** 1.000 .299 .138 .056 .000 .004 .000 .000 . .100 . -.092 .617 1.000 .362 .051 . .093 .679 * .714 ** 1.000 .361 .032 .000 . .596 ** -.264 .370 .431 * 1.000 .006 .264 .065 .037 . .220 .679 * .558 ** .622 ** .546 ** 1.000 .198 .032 .008 .003 .010 . .630 ** -.113 .228 .383 .778 ** .370 1.000 .258 .000 .076 . .360 .460 * .482 * .613 ** 1.000 .071 .027 .021 .003 . .224 .784 ** .207 .660 ** .419 * 1.000 .193 .000 .213 .002 .047 . .276 -.668 * -.137 -.077 -.056 -.507 1.000 11 .083 .168 .254 .035 .373 .428 .448 .497 .615** .501 * .174 -.165 .130 .016 .105 .003 .017 .245 .256 .303 .476 .365 .463 * .365 .226 .130 .385 .211 .187 .027 .068 .183 .304 .057 .201 .120 .213 .413 * .795 ** .191 .605 ** .247 .388 .198 .044 .000 .224 .004 .162 .592 .550** .417 * .324 .353 .287 .006 .061 .009 .042 .095 .075 .124 .491 -.248 .219 .296 .580 ** .099 .690 ** .362 .277 .191 .116 .006 .348 .001 .070 -.088 .449 * .530 * .384 -.094 .571 ** .568 ** .418 .031 .012 .058 .355 .007 .007 -.041 .381 .437 * .590 ** .224 .701 ** .458 * .076 .645 .348 -.173 .182 .273 -.299 -.304 .364 .252 .449 .363 .159 -.340 .499 * -.649 * .084 .018 .041 -.102 .091 -.557 .298 .323 .180 .060 .237 .406 .235 -.158 .622** 1.000 .003 . .389 .544** 1.000 .056 .010 . -.221 -.439* -.627** 1.000 .189 .034 .003 . -.101 -.169 .465 -.280 1.000 .406 .345 .123 .251 . .289 .072 -.086 .148 .320 1.000 .122 .388 .368 .280 .220 . .144 -.112 -.303 .304 .365 .645** 1.000 .284 .329 .111 .110 .187 .002 . .199 -.010 .001 -.047 -.408 .208 .389 1.000 .214 .485 .498 .426 .158 .204 .055 . -.082 -.156 -.421 * -.038 -.414 -.027 .006 .419 * 1.000 .374 .268 .041 .441 .154 .458 .491 .042 . .134 .116 -.032 .089 -.406 .237 .164 .718 ** .351 1.000 1.000 . 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Table 3: Business Ethics Survey – Correlations by Pedagogy for Capstone & Program 10th Global Conference on Business & Economics ISBN : 978-0-9830452-1-2 Table 4: Business Ethics Survey – Agreement by Pedagogy for Capstone & Program 61% Capstone eff. provides a working understanding of BE (1,2) Agree % 56% Program eff. provides a working understanding of BE (3,4,5) Disagree % 50% Program should have stand-alone course requirement 94% Capstone through Discussion 94% Program through Discussion Program through Case Study 83% Program through Lecture 83% 78% Program through Simulation 72% Capstone through Simulation Program through Debate 67% Capstone through Experiential Exercise 67% Program through Experiential Exercise 67% 61% Capstone through Debate Capstone through Lecture 56% Program through Service Project 56% 44% Capstone through Case Study Capstone through Service Project 39% More program should be devoted to the topic of BE 39% 33% More capstone should be devoted to the topic of BE 0% October 15-16, 2010 Rome, Italy 25 20% 40% 60% 80% 100%