MHON 2270 Ethics, Public Policy and Controversial Industries (Spring: 3 )
When businesspeople are formulating and implementing potential "strategies" for their organizations, they need to deal with two environments, namely the internal and the external. In viewing their internal environment, managers need to evaluate the markets and economic structure of the markets in which their businesses compete. How businesspeople deal with this is the subject matter for what has traditionally been called by economists, Industrial Policy. There is also an external environment, i.e., those political and social forces that play in formulating the strategy of the firm. These political and social forces shape a firm's relationships with its various stakeholders that include all those individuals and institutions which have a vested interest in the performance of the firm both financially and socially. Usually, the stakeholders include the local community, regional community, Government (at all levels and branches) unions, stockholders, employees, etc.. The purpose of this course is to examine how business (internal environment) and public policy (external environment) processes interact. The first part of the course will examine the "economics" of "Sin" industries such as Cigarettes, Alcohol, Gambling, Marijuana, Soft Drinks, Uber. We will analyze how these firms in these industries compete as well the structure of these industries. Finally, how public policy makers view these industries and regulate them.
Instructor(s): Richard McGowan, SJ
Cross listed with:
Comments: Offered periodically
Last Updated: 18-Jul-17