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The Impact of Social Responsibilities in Business

Explore the positive and negative effects of ethical and environmental responsibility in business. Learn how companies can be socially responsible, why ethics matter, and the role of whistleblowers. Discover the importance of sustainability and fair treatment of stakeholders.

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The Impact of Social Responsibilities in Business

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  1. Chapter 23 Social Responsibilities of a Business Environmental Ethical

  2. The positive and negative effects of being responsible. Definitions What you need to know How a business can be responsible under each heading

  3. http://www.youtube.com/watch?v=CUCSK1QFwts&list=WL8BC1D3672FE9319E&index=1&feature=plpp_videohttp://www.youtube.com/watch?v=CUCSK1QFwts&list=WL8BC1D3672FE9319E&index=1&feature=plpp_video • Definition: An ethical company conducts business according to a set of moral principles. • In the clip above we see the CEO of MI is not acting in an ethicalway as he is involved in the exploitation of children. • Definition: Whistleblower: staff whose ethical concerns are ignored within the business and who have the courage to report the wrongdoing to the authorities or media. • In the above clip we see employees become whistleblowers.

  4. Amnesty International are an interest group working for human rights. • This clip shows a company that has neglected its environmental responsibilities and its social responsibilities. • http://www.youtube.com/watch?v=ejym4mKelhM&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • http://www.youtube.com/watch?v=YmI3xjZk_y0&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • Definition: An environmentally responsible business aims for sustainable development, i.e. they do not damage the environment for future generations. • Definition: a socially responsible business treats everyone (stakeholders) they come in contact with honestly and fairly.

  5. Definition: a socially responsible business treats everyone (stakeholders) they come in contact with honestly and fairly. • Surely this includes advertising?? • http://www.youtube.com/watch?v=xA14pAGW4UA&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • Consumers are becoming more conscious of the issues of corporate responsibility. This is reflected in the media. The clip below illustrates the importance of having a code of ethics for staff as they engage with stakeholders. • http://www.youtube.com/watch?v=KZNRaT3xL5w&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video

  6. Some companies have gained loyal clients and good publicity by promoting a “green” image. • http://www.youtube.com/watch?v=IFyLGlr6umY • http://www.youtube.com/watch?v=maeXjey_FGA&feature=related • If society does not force businesses to become more responsible what are the implications for the future?

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