Business Ethos with
Retired EMU College of Business Dean David Mielke
Mondays at 8:40 AM
Each Monday at 8:40 AM ET Lucy Ann and Dr. Mielke discuss business ethos as it pertains to current events. Dr. Mielke says, “Making ethics the backbone of teaching makes sense not only because it’s the right thing to do but also because ethics is good for business.”
Ethics education has long been an important component of Eastern Michigan University’s College of Business curriculum. Ethos however, pertains to a culture and environment that not only fosters ethics but is also is based on a strong set of professional and personal values. The students, faculty and staff of the College of Business want to encourage and foster a professional business environment to serve as the foundation for business education.
A gift by the Merlanti family in 2001 provided the impetus to raise awareness of ethics in all we do. The gift was first used to establish the Merlanti Ethics seminar for students . In March 2006, the faculty of the College of Business decided that they wanted to develop a strong statement of the ethics and values that represents the foundation of the college. The resulting Ethos Statement is the first adopted by any business school in the country. It lists six values as the core for the college and is attached to every syllabus for every course offered by the College of Business.
College of Business Eastern Michigan University
300 W. Michigan Avenue473
Gary M. Owen Building
Ypsilanti, MI 48197
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A number of states and municipalities have passed minimum wage laws and advocates have pushed with their protests and marches for $15 an hour. Minimum wage hikes are seen as some sort of panacea for low wage workers. In a recent speech on workforce development by Federal Reserve Chairwoman Yellen, she stated that it is crucial for younger workers to establish a solid connection to employment early in their work lives. Yet, studies have shown that higher minimum wages have reduced entry level jobs, especially for younger workers. Some cities and states that passed higher minimum wage laws are now considering the consequences. Should minimum wages be increased to $15 an hour?more »
President Trump received a lot of criticism for what some call a disappointing first 100 days in office. However, what many pundits seem to have overlooked is the steady stream of executive and other actions he put in place to deregulate the economy. Were his moves to deregulate good for the economy? Will these moves improve the business environment? Should the deregulation continue? There are currently 6 bills passed by the House to further ease regulations. Should they be passed by the Senate? What is the “Right Thing to do?”more »
President Trump emerged from his first 100 days in office with a mixed bag of results. He got his Supreme Court nominee confirmed, but was unable to get an agreement to repeal and replace Obamacare to meet his self imposed deadline last month. Several of his key appointments have not been confirmed and many more nominees have yet to be named. There are questions as to the status of several other campaign promises and whether or not he can deliver. There are 5 key upcoming deadlines that will determine whether or not he will gain the momentum to pass the legislation to fulfill many of those promises. Let’s take a look at those 5 deadlines and determine “What is the “Right Thing to do.”more »
Legislation that would severely limit the ability of citizens to join class action lawsuits has sparked debate, with supporters saying it would reduce lawyer driven litigation and opponents saying it would minimize consumer rights. Another legislative initiative in California would limit cookie cutter lawsuits regarding the American Disabilities Act. The regulations are seen as guaranteeing lifetime employment for building consultants and have spawned an industry of attorneys who jam federal courts with suits that require defendants to pay attorney fees while plaintiffs aren’t entitled to damages under federal law. Should class action and ADA lawsuits be limited? Are there abuses to the system with payouts to attorneys with little or no compensation for plaintiffs? Does this type of legislation limit consumers’ rights? Who benefits the most for these suits, the attorneys or the plaintiffs? What is the “Right Thing to do?”more »