PPT - Social Responsibilities of Business and Business Ethics

2. Whatissocialresponsibilityof business Social responsibility of business referstoits obligationtotakethose decisionandperformthose actions which are desirable in terms of the objectivesandvalues of our society.

3. Needforsocialresponsibility • Need for social responsibility of business arises both because of firm’s interest of society.Thereareargumentsboth forand againstsocialresponsibility.

4. Argumentsofsocialresponsibility • Justificationforexistenceandgrowth • Long-terminterest • Avoidance ofgovernmentregulation • Maintenanceoforderlysociety • Availabilityifresources • Convertingproblemsinto opportunity • Betterenvironment fordoingbusiness • Holdingthebusinessresponsibleforsocial problems.

5. Argumentsagainstsocialresponsibility • Violationofprofitmaximizationobjective • Burdononconsumers • Lackofsocialskills • Lackofbroadpublicsupport.

6. Realityofsocialresponsibility • Threatofregulation • Pressureoflabor movement • Impactofconsumerconsciousness • Developmentofsocialstandardforbusinessman • Developmentof businesseducation • Relationbetweensocial interestandbusinessinterest • Developmentofprofessionalmanagerialclass

7. Kindsofsocialresponsibility • Economicresponsibility • Legalresponsibility • Ethicalresponsibility • Discretionaryresponsibility

8. SocialResponsibilityTowardsdifferent interestgroups • Responsibility towards the shareholders or owners • Responsibility towardstheworkers • ResponsibilitytowardstheConsumers • ResponsibilitytowardstheGovernmentand community

9. Businessandenvironmentprotection Protection and the environment is a serious issue threat confronts managers and decision makers.Theenvironment is definedas a totalityof man’ssurroundings-bothnatural and man-made.pollution-the injectionof harmfulsubstancesinto theenvironmentis. In fact, largely result of industrial production. Pollution has harmful effects both for human lifeand the lifeofotherspecies.

10. CAUSESOFPOLLUTION • AIRPOLLUTION:-Airpollutionistheresultofthe combination of factors which lowers the air quality. It is mainly due to carbon dioxide, emitted by automobiles whichcontributes toair pollution. • WATER POLLUTION:-water becomes polluted primarily from chemical and waste dumping. For years, business enterprises have been dumping waste into rivers, streams andlakeswithlittleregardforthe consequences. • LANDPOLLUTION:-dumpingoftoxic wastesonland causesland pollution. • NOISE POLLUTION:-noised caused by the running of factories and vehicles is not merely a source of annoyance but is also a serious health hazard. Noise pollution can be responsible for many diseases like loss of hearing, malfunctioningoftheheartand mentaldisorder.

11. NEED FOR POLLUTIONCONTROL • Reductionofhealthhazard • Reducedriskofliability • Costsaving • Improvedpublicimage • Othersocialbenefits

12. ROLEOFBUSINESSIN ENVIRONMENTALPROTECTION • Topmanagementcommitment. • Clearoutpoliciesandprogrammes. • Abidingby governmentregulations. • Participationingovernmentprogrammes. • Periodical assessment of pollution control programmes. • Proper education and training of concerned people.

13. BUSINESSETHICS Ethics is concerned with what is right and what is wrong in human behavior judged on thebasisof sociallydetermined standardsof behaviors. Business ethics concerns itself withRelationshipbetween objectives, practices and techniques and the good of society. Ethics is important for every business.

14. ElementsofBusinessEthics • Topmanagementcommitment. • Publication of a establishment of compliance mechanism. • Involvingemployeesatalllevels. • Measuringresults.