B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)
-
Upload
kathryn-barnett -
Category
Documents
-
view
216 -
download
2
Transcript of B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)
![Page 1: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/1.jpg)
1
BEING ETHICAL AND SOCIALLY RESPONSIBLECHAPTER-02
Dr. Gehan Shanmuganathan, (DBA)
![Page 2: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/2.jpg)
2
LEARNING OBJECTIVES
Understand what is meant by business ethics
Identify the types of ethical concerns that arise in the business world
Discuss the factors that affect the level of ethical behavior in
organizations
Explain how ethical decision making can be encouraged
Describe how our current views on the social responsibility of
business have evolved
Explain the two views on the social responsibility of business and
understand the arguments for and against increased social
responsibility
![Page 3: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/3.jpg)
3
LEARNING OBJECTIVES CONT…….
Discuss the factors that led to the consumer
movement and list some of its results
Analyze how present employment practices are
being used to counteract past abuses
Describe the major steps of pollution, their
causes, and their cures
Identify the steps a business must take to
implement a program of social responsibility
![Page 4: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/4.jpg)
4
DIVINE CHOCOLATE’S RECIPE FOR SALES AND SOCIAL RESPONSIBILITY
![Page 5: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/5.jpg)
5
DIVINE CHOCOLATE SOCIAL RESPONSIBILITY
Government set the policy to collect cocoa beans from
local producers in Ghana
Small farmers set up a cooperative society to focus on the
quality factor through earth friendly production methods
and complying with requirements for safe and healthy
working conditions
They achieved fair trade certification and invested on
social welfare (wells, daycare centers)
Started warehouse and trained farmers
Opened retail outlets in U.K. and U.S.A and gained profit
share
![Page 6: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/6.jpg)
6
BUSINESS ETHICS DEFINITION
![Page 7: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/7.jpg)
7
DEFINITION
Business Ethics is the study of right and
wrong and of the morality of the choices
individuals make. (Pride B.,Hughes B., Kapoor
J., 2012)
An ethical decision or an action is one that is
right according to some standard of
behavior. Business ethics is duplication of
moral standards to business situations.
![Page 8: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/8.jpg)
8
FACTORS AFFECTING ETHICAL BEHAVIOR
![Page 9: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/9.jpg)
9
FACTORS AFFECTING ETHICAL BEHAVIOR
![Page 10: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/10.jpg)
10
EXAMPLES OF UNETHICAL BUSINESS CONDUCTED
Copley Pharmaceuticals falsifying drug manufactures’
reports to the Food and Drug Administration (paid $
10.65 million fine)
Investor fraud by Bernard Madoff non-executive
chairman of NASDAQ stock market in 2009
TAP Pharmaceutical company sales representatives
offered every Urologist in the United States a big-screen
TV, computers, fax machines, and golf vacations if the
doctors prescribed TAP’s new prostate cancer drug
Lupron (Govt won $ 875 million from the law suite)
![Page 11: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/11.jpg)
11
ETHICAL PRACTICES WITHIN SUPPLY CHAIN
![Page 12: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/12.jpg)
12
ETHICAL PRACTICES WITHIN SUPPLY CHAIN
![Page 13: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/13.jpg)
13
ETHICAL BEHAVIOR IS A COST OR AN INVESTMENT ?
![Page 14: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/14.jpg)
14
COST/ INVESTMENT CONNOTATION
![Page 15: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/15.jpg)
15
IMPACT OF BUSINESS ETHICS
Long terms profits and survival
High corporate image building
Positive corporate culture
Influence all the stakeholders
![Page 16: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/16.jpg)
16
ETHICAL ISSUES IN BUSINESS
Sales – pharmaceutical representatives using
rewarding systems to promote their pharmaceutical
products
Production – use of animal skin to produce winter
cloths and jackets
Human Resources – use of child labor
Finance – providing inflated financial information to
creditors
Marketing – promising undeliverable benefits
through advertising
![Page 17: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/17.jpg)
17
FAIRNESS AND HONESTY
Fairness and honesty in business are two important
ethical concerns
Business people are expected to refrain from
Knowingly deceiving (Nutella – Hazelnut spread ,Lawsuit)
Misrepresenting (use of soap and becoming actors)
Intimidating others (reports on economic situation)
No employee should take unfair advantage of anyone
through manipulation, concealment, abuse of
privileged information, misinterpretation of material
facts or any other unfair dealing practices
![Page 18: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/18.jpg)
18
ORGANIZATIONAL RELATIONSHIPS
A business person may be tempted to place
his or her personal welfare above the welfare
of others or the welfare of the organization
Unethical behavior in this area are,
Taking credit for others’ ideas or work
Not meeting one’s commitments in a mutual
agreement
Pressuring others to behave unethically
![Page 19: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/19.jpg)
19
CONFLICT OF INTEREST
Conflict of interest results when a
businessperson takes advantage of the
situation for his or her own personal interest
rather than for the organizational interest.
These are common when payments and
gifts make their way into business deals
Anything given to a person that might unfairly
influence that person’s business decision is
bribe and all bribes are unethical
![Page 20: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/20.jpg)
20
BUSINESS COMMUNICATION
Business communications, especially
advertising, can present ethical questions.
False and misleading advertising is illegal
and unethical, and it can infuriate customers.
The most sensitive areas for advertising in
this regard would be advertisements aimed
at children, health related products. Examples……….discuss….
![Page 21: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/21.jpg)
21
FACTORS AFFECTING ETHICAL BEHAVIOR
![Page 22: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/22.jpg)
22
FACTORS AFFECTING ETHICAL BEHAVIOR
Individual factors affecting ethics –
Individual knowledge, personal values,
personal goals (aspiration and persuasion)
Social factors affecting ethics – cultural
norms, coworkers, significant others
(spouses, friends, and relatives), use of the
Internet
![Page 23: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/23.jpg)
23
OPPORTUNITY AS A FACTOR AFFECTING ETHICS
Presence of opportunity
Opportunity refers to the amount of freedom an
organization gives an employee to behave
unethically if he or she makes that choice. In some
organizations, certain company policies and
procedures reduce the opportunity to be unethical
(code of ethics). For example, if there are two
employees involved in performing a task.
![Page 24: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/24.jpg)
24
ETHICAL CODES
The existence of an ethical code and the
importance management places on this code
are other determinants of opportunity
![Page 25: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/25.jpg)
25
ENFORCEMENT AS A CONTROLLING MECHANISM
The degree of enforcement of company
policies, procedures, and ethical codes is a
major force affect the opportunity
![Page 26: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/26.jpg)
26
ENCOURAGING ETHICAL BEHAVIOR
![Page 27: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/27.jpg)
27
ENCOURAGING ETHICAL BEHAVIOR
Governments role in encouraging ethics – the government
can encourage ethical behavior by legislating more stringent
regulations. Eg- Health Insurance Portability and Accountability
Act of 1996 (HIPPA) Privacy and security of health information
rule
Trade associations role in encouraging ethics – trade
associations can and often do provide ethical guidelines for
their members
Individual companies’ role in encouraging ethics – codes
of ethics that companies provide to the employees are perhaps
the most effective way to encourage ethical behavior
Whistleblowing – informing the press or company officials
about unethical practices within one’s organization
![Page 28: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/28.jpg)
28
ETHICS IN DIFFERENT LEVELS IN AN ORGANIZATION
![Page 29: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/29.jpg)
Top-Level Mgrs
.
Middle-Level Mgrs.
First-Level Mgrs.
Individual Contributors (Operatives and
Specialists)
MANAGERIAL LEVELSChairman of the Board, CEO, president, executive vice president, vice president, group team leader, chancellor
Director, branch manager, department chairperson, chief of surgery, team leader
1.2
Chairman of the Board, Corporate culture(Stakeholder Ethics)
Quality, information, employment, and so on(Functional Ethics)
Setting corporate values(Ethical Values)
Courtesy, politeness(Operational Ethics)
![Page 30: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/30.jpg)
30
SOCIAL RESPONSIBILITY
![Page 31: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/31.jpg)
31
SIMPLE BUSINESS OPERATION
EmploymentSocial welfareCharity service
Environmentalconcerns
![Page 32: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/32.jpg)
32
STAKE HOLDERS AND THEIR NEEDS
![Page 33: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/33.jpg)
33
STAKE HOLDERS AND THEIR NEEDS
![Page 34: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/34.jpg)
34
SOCIAL RESPONSIBILITY
Social responsibility definition
The recognition that business activities have an
impact on society and the consideration of the
impact and business decision-making
Eg- how Walmart delivered $ 20 million in cash,
100 truck loads of free merchandise, and food for
100,000 meals for those who affected by
Hurricane Katrina in New Orleans
See for more examples in pages 47 through 50 in
the text book
![Page 35: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/35.jpg)
35
THE EVOLUTION OF SOCIAL RESPONSIBILITY IN BUSINESS
![Page 36: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/36.jpg)
36
EVOLUTION OF MARKET STRUCTURE AND CONSUMERISM
Market Structure Consumerism
![Page 37: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/37.jpg)
37
TWO VIEWS
![Page 38: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/38.jpg)
38
TWO VIEWS OF SOCIAL RESPONSIBILITY
The economic
model
This views that
society will benefit
most when business
is left alone to
produce and market
profitable products
that society needs
The
socioeconomic
model
According to this
concept the business
should emphasize
not only profits but
also the impact of its
decisions on society
![Page 39: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/39.jpg)
39
ARGUMENTS FOR INCREASED SOCIAL RESPONSIBILITY
01 – Because business is a part of our society, it cannot
ignore social issues
02 – Business has the technical, financial, and managerial
resources needed to tackle today's complex social issues
03 – By helping resolve social issues, business can create
more stable environment for long-term profitability
04 – Socially responsible decision-making by firms can
prevent increased government intervention, which would
force business to do what they fail to do voluntarily
![Page 40: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/40.jpg)
40
ARGUMENTS AGAINST INCREASED SOCIAL RESPONSIBILITY
01 – Business managers are responsible primarily to stakeholders, so management must be concerned with providing a return on owner's investments
02 – Corporate time, money, and talent should be used to maximize profits, not to solve society's problems
03 – Social problems affect society in general, so individual businesses should not be expected to solve these problems
04 – Social issues are the responsibility of government officials who are elected for that purpose and are accountable to the voters for their decisions
![Page 41: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/41.jpg)
41
CONSUMERISM
![Page 42: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/42.jpg)
42
CONSUMERISM
Consumerism is all activities undertaken
to protect the rights of consumers
Fundamental issues pursued by consumer
movement falls into three categories
Environmental protection
Product performance and safety
Information disclosure
![Page 43: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/43.jpg)
43
THE FOUR BASIC RIGHTS OF CONSUMERS
The right to safety of usage or consumption
The right to be informed on complete
information
The right to choose from a variety of choice
The right to be heard of complaints to take
actions
Discuss with examples…….
![Page 44: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/44.jpg)
44
EMPLOYMENT PRACTICES
![Page 45: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/45.jpg)
45
EMPLOYMENT PRACTICES
Equal treatments in the work place
Equal employment opportunity
![Page 46: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/46.jpg)
46
CONCERN FOR ENVIRONMENT
![Page 47: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/47.jpg)
47
CONCERN FOR ENVIRONMENT
Pollution
Contamination of water, air, or land through the
actions of people in an industrialized society
![Page 48: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/48.jpg)
48
IMPLEMENTING A PROGRAM OF SOCIAL RESPONSIBILITY
01 – Commitment of top executives 02 – Planning 03 – Appointment of a Director 04 – The social audit – a comprehensive
report of what an organization has done and is doing with regard to social issues that affect it
05 – Funding the program 06 – Measure effectiveness of the program
![Page 49: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/49.jpg)
49
QUESTIONS……..
![Page 50: B EING ETHICAL AND SOCIALLY RESPONSIBLE C HAPTER -02 1 Dr. Gehan Shanmuganathan, (DBA)](https://reader035.fdocuments.us/reader035/viewer/2022062719/56649ef25503460f94c038e9/html5/thumbnails/50.jpg)
50
WEEKLY ASSIGNMENT – WEEK 02
Overall, would it be more profitable for a
business to follow the economic model or
the socioeconomic model of social
responsibility? Discuss…