Chapter 2 business ethics and social responsibility

Learning Goals 1 Explain the concepts of business ethics 4 Describe how businesses social and social responsibility responsibility is measured and summarize the responsibilities of 2 Describe the factors that influence business to the general public business ethics. Unauthorized use of equipment intimidating and abusive behavior blocking others communication in workplace.

The chapter also discusses how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers employees and investors and how issues of social responsibility and ethics affect small business.

Chapter 2 business ethics and social responsibility. CHAPTER OVERVIEW Chapter 2 explains the issues of right and wrong in business conduct. This explanation begins with the fundamentals of business ethics and social responsibility and provides a framework that allows students to engage with ethics and social responsibility material. This framework is important because it takes away students.

We can say that business ethics is the application of ethical behavior in a business context. Acting ethically in business means more than simply obeying applicable laws and regulations. It also means being honest doing no harm to others competing fairly and declining to put your own interests above those of your company its owners and its workers.

The chapter also discusses how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers employees and investors and how issues of social. Chapter 2 Business Environment and ownership. Beliefs about what is right and wrong or good and bad in acions that afect others.

Refers to ethical or unethical behaviors by employees in the context of their jobs. Behaviour that conforms to individual beliefs and social norms about whats right and good. Chapter 2 Business Ethics and Social Responsibility 53 4 7 Mini-Case Mini-Case For several months now one of your colleagues has You are aware that a fellow employee uses drugs been slacking off and you are getting stuck doing on the job.

View Chapter 2 Business Ethics Social Responsibility from BA 101 at Bob Jones University. CHAPTER TWO BUSINESS ETHICS AND SOCIAL RESPONSIBILITY BASIC. A businesss obligation to maximize its positive impact and minimize its negative impact on society.

Ethical conduct builds trust among individuals and in business relationships which validates and promotes confidence in business relationships. Voluntary responsibility citizenship community involvement. On the bottom of the pyramid 2.

Ethical responsibility be ethical do the right thing 3. Legal responsibility obey the law play by the rules of the game 4. Economic responsibility serve the company and be profitable – many think of this first.

1 it sidetracks managers from the primary goal of business- earning profits. The responsibility of business is to earn profits and create jobs 2 participation in social programs gives businesses greater power perhaps at the expense of concerned stakeholders. Three-pronged approach to ethics and social responsibility used by most companies today 1 engaging in traditional corporate philanthropy which involves giving to worthy causes 2.

Social Responsibility and the Importance of Stakeholder Orientation From a social responsibility perspective business ethics embodies standards norms and expectations that reflect concerns of major stakeholders Social responsibility is associated with. Increased profits Increased employee commitment Greater customer loyalty. Social responsibility is a business obligation to maximize its positive impact while minimizing negative impact on society How do you distinguish social responsibility and ethics.

Business ethics refers to an individuals or a work groups decisions that society evaluates as right or wrong while social responsibility is a broader concept involving the impact of the entire business activities on society. BUSINESS ETHICS AND SOCIAL RESPONSIBILITY - Tawfiq Mostafa. Many firms are concerned about the environment and their societies.

Sometimes that means growing more slowly or reducing short-term profits for longer sustained benefits. Although most organizations combine ethical behavior with profitable operation some. Socioeconomic model of social responsibility which places emphasis not only on profits but also on the impact of business decisions on society.

Pros of increased social responsibility Because business is a part of our society it cannot ignore social issues. Business has the technical financial and managerial resources needed to tackle todays complex social issues. Chapter 2 Business Ethics and Social Responsibility.

Learning Goals 1 Explain the concepts of business ethics 4 Describe how businesses social and social responsibility responsibility is measured and summarize the responsibilities of 2 Describe the factors that influence business to the general public business ethics. As business approaches to social responsibility. The chapter also discusses how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers employees and investors and how issues of social responsibility and ethics affect small business.

LO 2-1 Define business ethics and social responsibility and examine their importance. LO 2-2 Detect some of the ethical issues that may arise in business. Business Ethics and Social Responsibility Learning Objectives LO 2-1 Describe the importance of business ethics and social responsibility LO 2-2 Detect some of the ethical issues that may arise in business LO 2-3 Specify how businesses can promote ethical behavior LO 2-4 Explain the four dimensions of social responsibility LO 2-5 Evaluate an organizations social responsibilities.

Chapter 2 Business Ethics and Social Responsibility Business Ethics standards of conduct and moral values regarding right and wrong actions in the business environment. Social issues such as environment employees and customers are at the heart of corporate social responsibilities CSR. Businesses must find a balance between doing what is right and doing what is profitable.

Use of personal email and social networking. Unauthorized use of equipment intimidating and abusive behavior blocking others communication in workplace. Taking credit for someone elses work etc bullying.

2 chapter Business Ethics and social Responsibility business Essentials 7th edition by ebert Griffin. Ethics in the workplace focuses on the ethical or unethical behaviors by employees. Assess the rightness or wrongness of the proposed activity or policy.

Well use the information in Ch 22 to determine questions we can ask when dealing with an ethical dilemma or ethical decision. You will break into three groups and be given one of the cases below. You will have a short amount of time to review the case and come up with a short skit.

But there is a lot to consider before quitting your job and undertaking this venture.