Business Ethics Simulation Project

The "Business Ethics Simulation" is an interactive learning experience

designed to challenge students with real-world ethical dilemmas commonly
encountered in business. Students would work in teams, analyze scenarios,
make decisions, and discuss the consequences of their choices.

Goals:
 Develop Ethical Reasoning Skills: Equip students with the ability to
identify ethical issues, analyze different perspectives, and make
informed ethical decisions.
 Promote Ethical Awareness: Increase students' awareness of ethical
considerations in business and their impact on stakeholders.
 Foster Ethical Decision-Making: Encourage students to apply
ethical principles in their professional lives and make responsible
choices.

Significance to the CBA Department:

 Strengthening Professional Development: This project aligns with
the CBA department's commitment to developing well-rounded
professionals who are ethically responsible and prepared for the
challenges of the business world.
 Enhancing Reputation: By emphasizing ethical conduct, the CBA
department demonstrates its commitment to producing graduates who
are not only skilled but also ethical, enhancing the department's
reputation among employers and the broader community.
 Preparing Students for the Future: In today's business
environment, ethical conduct is increasingly important. This project
equips students with the skills and knowledge they need to navigate
complex ethical situations and make responsible decisions.

Project Objectives:
1. Enhance Ethical Awareness: To expose students to a range of
ethical dilemmas commonly faced in business, increasing their
awareness of ethical considerations and their impact on stakeholders.
 2. Develop Ethical Reasoning Skills: To equip students with the ability
to analyze ethical issues, consider different perspectives, and apply
ethical principles to make informed decisions.
3. Promote Ethical Decision-Making: To encourage students to
practice ethical decision-making in a safe and controlled environment,
fostering a sense of responsibility and integrity.
4. Facilitate Open Dialogue: To create a space for students to discuss
ethical dilemmas, share perspectives, and learn from each other's
insights and experiences.

Benefits to the CBA Department:

 Enhanced Curriculum: The simulation provides a practical and
engaging way to integrate ethical considerations into the curriculum,
enhancing the department's commitment to developing well-rounded
professionals.
 Improved Student Outcomes: By developing ethical reasoning skills
and promoting ethical awareness, the simulation helps students make
responsible choices in their professional lives, improving their overall
preparedness for the business world.
 Enhanced Reputation: The CBA department demonstrates its
commitment to ethical conduct, attracting students who value ethical
leadership and attracting employers who seek graduates with strong
ethical principles.
 Stronger Community Engagement: The simulation can be used to
engage with local businesses and community organizations, fostering
partnerships and promoting ethical practices within the broader
community.
 Increased Alumni Engagement: Alumni who participated in the
simulation can share their experiences and insights, contributing to the
department's ongoing efforts to promote ethical leadership.

Budget Breakdown

Personnel
Faculty Coordinator PHP 275,000 (10 hours per week for 10 weeks)
(5 hours per week for 10 weeks, 2
Teaching Assistants PHP 110,000
TAs)

Operational
Simulation PHP 55,000 (One-time purchase or
 Software/Platform subscription fee)
Classroom Materials PHP 27,500 (Printing, supplies, etc.)
Technology Rental PHP 27,500 (Projector, screen, etc.)

Consultation
Ethics Expert PHP 110,000 (2-hour consultation)

To cover unexpected expenses or

Contingency Fund PHP 55,000
adjustments to the project

TOTAL ESTIMATED
PHP 660,000
BUDGET

RATIONALE
Personnel
The faculty coordinator is crucial
for the project's success. They are
responsible for designing,
Faculty Coordinator PHP 275,000 developing, and implementing the
simulation, ensuring its quality
and alignment with the CBA
department's objectives.
Teaching assistants provide
essential support during the
simulation, facilitating group
Teaching Assistants PHP 110,000
discussions, assisting students
with technical issues, and
providing feedback.
Operational
A dedicated software or platform
is needed to create and manage
Simulation
PHP 55,000 the simulation scenarios, track
Software/Platform
student progress, and provide
interactive learning experiences.
Handouts, case studies, and other
materials are necessary to
Classroom Materials PHP 27,500 support the simulation and
provide students with the
necessary information.
Technology Rental PHP 27,500 Technology rental is necessary to
ensure that the simulation can be
run smoothly in a classroom or
other venue, providing the
 necessary equipment for
interactive learning.
Consultation
Consultation with an ethics expert
is essential to ensure that the
simulation is grounded in ethical
Ethics Expert PHP 110,000
principles, uses realistic scenarios,
and promotes ethical decision-
making.
A contingency fund is necessary
to cover unexpected expenses or
Contingency Fund PHP 55,000 adjustments to the project,
ensuring that the simulation can
be completed successfully.

Benefits of investing in the "Business Ethics Simulation" Project:

 Enhances Curriculum: Offers a dynamic and engaging way to
integrate ethical considerations into the curriculum.
 Improves Student Outcomes: Develops ethical reasoning skills,
promotes ethical awareness, and enhances decision-making abilities.
 Strengthens Reputation: Demonstrates commitment to ethical
business education, attracting students and employers seeking ethical
graduates.
 Fosters Community Engagement: Provides opportunities for
collaboration with local businesses and community organizations,
promoting ethical practices.
 Increases Alumni Engagement: Creates a network of alumni
committed to ethical leadership, providing mentorship and enhancing
the department's reputation.

Justification for the Costs:

The "Business Ethics Simulation" project, while requiring a modest
investment, offers exceptional value for money with a long-term impact. The
project's cost-effectiveness is evident in its use of readily available resources
and focus on interactive learning. This strategic investment aligns with the
CBA department's mission and prepares graduates for the modern business
world. The project's return on investment is substantial, enhancing the
department's reputation, attracting top students, and producing highly
sought-after graduates, ultimately contributing to a more ethical and
responsible business environment.
 Expected Outcomes
Increased Ethical Students will gain a deeper understanding of
Awareness ethical considerations in business and their
impact on stakeholders. They will be more
aware of common ethical dilemmas and the
potential consequences of their decisions.
Enhanced Ethical Students will develop the ability to analyze
Reasoning Skills ethical issues, consider different
perspectives, and apply ethical principles to
make informed decisions. They will be better
equipped to navigate complex ethical
situations in their professional lives.
Improved Ethical Students will practice ethical decision-
Decision-Making making in a safe and controlled
environment, fostering a sense of
responsibility and integrity. This will translate
into more ethical behavior in their future
careers.
Stronger Commitment to The simulation will promote a greater
Ethical Conduct appreciation for ethical conduct among
students, encouraging them to make
responsible choices and contribute to a more
ethical business environment.
Enhanced CBA The project will demonstrate the CBA
Department Reputation department's commitment to ethical
leadership, attracting students who value
ethical principles and employers seeking
graduates with strong ethical foundations.
Increased Community The project will foster partnerships with local
Engagement businesses and community organizations,
promoting ethical practices and creating
opportunities for students to apply their
knowledge to real-world challenges.
Positive Alumni Impact The project will create a network of alumni
who are committed to ethical leadership,
providing mentorship opportunities and
contributing to the department's ongoing
efforts to promote ethical business practices.

Prepared By:
Klifford Phil Bacera
Jeahanne Ayunan
Kristine Joy Bueno
Jerelyn Lundungan
Zainy-Arif Endaila