1 / 10

Ethics and Social Responsibility in Business: Principles and Practices

Explore the underlying philosophical principles of business ethics, including consequences, individual rights, and integrity. Discover how values and ethics shape competitive advantage and contribute to ethical problems. Learn about ethical temptations and violations, and gain insights into ethical decision-making. Explore the concepts of social responsibility and initiatives taken by organizations to be socially responsible. Finally, delve into the importance of an ethical and socially responsible workplace, including monitoring mechanisms, codes of conduct, and leadership by example.

staciek
Download Presentation

Ethics and Social Responsibility in Business: Principles and Practices

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Chapter 3 Ethics and Social Responsibility

  2. Philosophical Principles Underlying Business Ethics • Focus on consequences and pragmatism (So who is hurt?) • Focus on rights of individuals (deontology emphasizes principles) • Focus on integrity (virtue ethics focuses on character of person)

  3. Values and Ethics • Ethics converts values into action. • The right values can lead to competitive advantage. • Ethically-centered management focuses on quality of product rather than completion date.

  4. Contributing Factors to Ethical Problems • Greed, gluttony, and self-gain • Unethical organizational culture • Moral laxity (“Forget ethics for now.”) • Self-interest (“I’ll take care of me first.”) • Unconscious bias (“A man is best for the job of CEO.”) • Rationalization (“Everybody else cheats on taxes.”)

  5. Ethical Temptations and Violations • Stealing from employers and customers • Illegally copying software • Treating people unfairly • Sexual harassment • Conflict of interest (lose objectivity) • Accepting kickbacks and bribes

  6. Ethical Temptations and Violations, continued • Divulging confidential information • Misuse of corporate resources (“Let’s take the corporate jet to Cancun.”) • Corporate espionage (e.g., dumpster diving for dirt on the competition) • Poor cyberethics (e.g., stealing identities from résumés posted online)

  7. A Guide to Ethical Decision Making • Is it right? • Is it fair? • Who gets hurt? • Would you be comfortable if your decision were widely circulated? • Would you tell your child to do it? • How does it smell?

  8. Background Concepts of Social Responsibility • Corporate social responsibility—obligations to society beyond profits • Stockholder viewpoint—only responsibility is to owners/stockholders • Stakeholder viewpoint—firm is responsible to all affected groups • Iron law—lose power if irresponsible • Corporate social performance—good citizen in the community

  9. Social Responsibility Initiatives • Environmental protection • Work-life programs (such as flexible work schedules) • Community redevelopment projects • Acceptance of whistle blowers • Compassionate downsizing (such as outplacement services and emotional support)

  10. Ethical and Socially Responsible Workplace • Formal mechanisms for monitoring ethics (e.g., ethics committee, ethics hotline) • Written organizational codes of conduct • Communication about ethics and social responsibility • Leadership by example and ethical role models • Confrontation about ethical deviations • Training in ethics and social responsibility

More Related