ethics and social responsibility. ethics o a set of moral principles by which people conduct...
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Ethics and Social Responsibility
EthicsO A set of moral principles by which
people conduct themselves personally, socially, or professionally
Business EthicsO A set of ideas about how a company
should conduct business in relation to legal, social and environmental issues
O Includes practicing in a way that is legal, moral and fair.
Social ResponsibilityO The duty to do what is best for
society
O There are two things to promote social responsibility
1. Eliminate negative activities2. Perform positive activites
Individual Level Corporate Level
Theft Discrimination
Lying and spreading rumors Unfair pay
Accepting bribes Sweatshop labor/Child labor
Harassing others Misleading accounting statements
Stealing Not paying taxes
Disobeying company rules Pollution
Selling defective products
Unsafe work
Paying bribes
What are some positive activites a business can support?
O Sponsoring charitable campaignsO Training unemployed people for jobsO Allow others to use company facilities
for charityO Support mental/physical health of
employeesO Create a Code of Ethics
Code of EthicsO A statement that
explains what a company or group believes is proper and improper conduct.
O Applies to individual and company as a whole
StakeholdersO Various individuals or groups of people
that have direct interest, involvement, or investment in something
O EmployeesO UnionsO ShareholdersO CommunityO Government
Factors that Affect Ethical Decisions
O CultureO ReligionO Family
O HistoryO PrecedentsO Past acceptance of certain actions
O Laws