Business ethics, social responsibility and environment stability

BUSINESS

ETHICSSOCIAL

RESPONSIBILITY

ENVIRONMENTSUSTAINABILITY

BUSINESS

ETHICS

BUSINESS

ETHICS

It is defined as principles of conduct within organizations that guide decision-making and behavior

GOOD BUSINESS ETHICSis a pre-requisite for good strategic management

GOOD ETHICSis just good business

BUSINESS

ETHICS

It is a document that provides behavioral guidelines that cover daily activities and decisions within an organization

-to ensure that the code is real, understood, believed and remembered. Periodic ethics workshops are needed to sensitive people to workplace circumstances.

BUSINESS

ETHICS

ETHICAL EDUCATIONproviding training in ethical reasoning

ETHICAL ACTIONhelping employees to recognize and reason with ethical problems

ETHICAL LEADERSHIPTop management must demonstrate ethical behavior in their actions.

BUSINESS

ETHICS

AN ETHICS CULTUREWHISTLE BLOWINGrefers to policies that require employees to report any ethical violations that discover or seen in the firm.

ETHICAL DILEMMAMoral problem in a business environment with a choice between potential right and wrong

BUSINESS

ETHICS

AN ETHICS CULTUREBRIBERYthe offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty.BRIBE-is a gift bestowed to influence a recipient’s conduct

-may be any money, good, right in action, property, preferment, privilege, emolument, object of value, advantage, etc.

SOCIALRESPONSIBILITY


It refers to actions an organization takes beyond what is legally required to protect or enhance the well-being of living thing.


RALPH NADERMILTON FRIEDMAN

proclaims that organizations have tremendous social obligations

asserts that organizations have no obligation to do anymore for society than is legally required


to the General Public

to Customersto Investors &

Financial Community

to Employees

RESPONSIBILITY TO THEGENERAL PUBLIC

PUBLIC HEALTH ISSUESCORPORATE PHILANTROPHY

PROTECTING THE ENVIRONMENT

RESPONSIBILITY TOCUSTOMERS

THE RIGHT TO BE SAFETHE RIGHT TO BE INFORMEDTHE RIGHT TO BE CHOOSE

THE RIGHT TO BE HEARD

RESPONSIBILITY TOINVESTORS

OBLIGATION TO MAKE PROFIT FOR SHAREHOLDERS

EXPECTATIONS OF ETHICAL AND MORAL BEHAVIOR

INVESTORS ARE PROTECTED BY REGULATION UNDER SECOND AND STATE REGULATIONS

RESPONSIBILITY TOEMPLOYEES

WORKPLACE SAFETY

AGE DISCRIMINATION

ENSURING EQUAL OPPURTUNITY ON THE JOB

SEXUAL HARASSMENT

SOCIAL POLICY

embraces managerial philosophy and thinking at the highest level of the firm

concerns what responsibilities the firm has to employees, consumers, shareholders, and other groups



SUSTAINABILITYrefers to the extent that an organization’s operations and actions protect, mend and preserve rather than harm or destroy the natural environment

The strategies of both companies and countries are increasingly scrutinized and evaluated from a natural environment perspective.


SUSTAINABILITY REPORTreveals how a firm’s operation impact the natural environment

These reports are not required, but are a god business practice


REASONS WHY FIRMS SHOULD “BE GREEN”

CONSUMER DEMAND

PUBLIC OPINION

ENVIRONMENTAL ADVOCACY GROUPS

LIABILITY SUITS AND FINES

CONSUMERS, SUPPLIERS, DISTRIBUTORS & INVESTORS


ISO 14000a series of voluntary standards in the environmental field

concerns the extent t o which a firm minimizes harmful effects on the environment caused by its activities and continually monitors and improves its own environmental performance


ISO 14001a set of standards adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner.

Business ethics, social responsibility and environment stability

Business

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