Ethics and Social Responsibility. Ethics O A set of moral principles by which people conduct...
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Transcript of Ethics and Social Responsibility. Ethics O A set of moral principles by which people conduct...
![Page 1: Ethics and Social Responsibility. Ethics O A set of moral principles by which people conduct themselves personally, socially, or professionally.](https://reader036.fdocuments.us/reader036/viewer/2022062321/56649de55503460f94adc697/html5/thumbnails/1.jpg)
Ethics and Social Responsibility
![Page 2: Ethics and Social Responsibility. Ethics O A set of moral principles by which people conduct themselves personally, socially, or professionally.](https://reader036.fdocuments.us/reader036/viewer/2022062321/56649de55503460f94adc697/html5/thumbnails/2.jpg)
EthicsO A set of moral principles by which
people conduct themselves personally, socially, or professionally
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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.
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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
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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
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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
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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
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StakeholdersO Various individuals or groups of people
that have direct interest, involvement, or investment in something
O EmployeesO UnionsO ShareholdersO CommunityO Government
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Factors that Affect Ethical Decisions
O CultureO ReligionO Family
O HistoryO PrecedentsO Past acceptance of certain actions
O Laws