Lesson Title: Understanding Business Ethics

Lesson Objective: By the end of this lesson, students will be able to: 1. Define business ethics and understand its importance in the business world. 2. Identify and analyze ethical dilemmas faced by businesses. 3. Evaluate the impact of ethical decision-making on various stakeholders. 4. Apply ethical theories and frameworks to real-life business scenarios.

Lesson Outline:

I. Introduction to Business Ethics (10 minutes) A. Definition of business ethics B. Importance of business ethics in the modern business landscape C. Discussion on the role of ethics in building trust and reputation

II. Ethical Dilemmas in Business (15 minutes) A. Case study analysis: Present students with real-life ethical dilemmas faced by businesses B. Group discussion: Analyze the ethical implications and potential consequences of each dilemma C. Identify the factors that contribute to ethical dilemmas in business

III. Stakeholder Analysis (15 minutes) A. Define stakeholders and their importance in business ethics B. Discuss the impact of ethical decision-making on various stakeholders (e.g., employees, customers, shareholders, communities) C. Group activity: Analyze the stakeholders’ perspectives in a given business scenario

IV. Ethical Theories and Frameworks (20 minutes) A. Introduction to major ethical theories (e.g., utilitarianism, deontology, virtue ethics) B. Application of ethical theories to real-life business scenarios C. Group activity: Analyze a business case using different ethical frameworks

V. Ethical Decision-Making Process (15 minutes) A. Steps involved in ethical decision-making B. Discussion on the importance of considering ethical implications in decision-making C. Group activity: Apply the ethical decision-making process to a business scenario

VI. Conclusion and Reflection (10 minutes) A. Recap of key concepts covered in the lesson B. Individual reflection: Ask students to write a short reflection on the importance of business ethics in their future careers C. Q&A session: Address any remaining questions or concerns

Materials Needed: - Whiteboard or blackboard - Markers or chalk - Case studies on ethical dilemmas in business - Handouts with ethical theories and frameworks - Business ethics scenarios for group activities

Assessment: - Group discussion participation and engagement - Group activity analysis and presentation - Individual reflection on the importance of business ethics

Note: The lesson duration may vary depending on the pace of the class. Adjust the timings accordingly to ensure all key concepts are adequately covered.