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Aug 28, 2015 · Social Responsibility and Ethics in Strategic Management. Aug 27, 2015 • Download as PPTX, PDF •. 7 likes • 12,332 views. Rintis Eko Widodo. The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit. Milton Friedman and Archie Carroll offer two contrasting ...
5 Copy quote. I believe social responsibility begins with a strong, competitive company. Only a healthy enterprise can improve and enrich the lives of people and their communities. Jack Welch. Strong, Believe, Responsibility. 9 Copy quote. Be the compromise you want to see in the world. Mahatma Gandhi.
It should be about public good, not private greed."Anita Roddick, Business as Usual. "Stakeholders want companies to make a profit, but not at the expense of their staff and the wider community."Brian Gosschalk, CEO, MORI, quoted in Financial Times. "It takes 20 years to build a reputation and five minutes to ruin it."Benjamin Franklin.
Jul 24, 2023 · 5.1: Introduction; 5.2: Ethics and Business Ethics Defined Ethics essentially involves how we act, live, lead our lives, and treat others. Our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong are also part of ethics.
- Introduction
- Business Ethics
- Identifying Ethical Issues and Dilemmas
- Corporate Social Responsibility
“Mommy, Why Do You Have to Go to Jail?”
The one question Betty Vinson would have preferred to avoid is “Mommy, why do you have to go to jail?”Vinson graduated with an accounting degree from Mississippi State and married her college sweetheart. After a series of jobs at small banks, she landed a mid-level accounting job at WorldCom, at the time still a small long-distance provider. Sparked by the telecom boom, however, WorldCom soon became a darling of Wall Street, and its stock price soared. Now working for a wildly successful comp...
The Idea of Business Ethics
It’s in the best interest of a company to operate ethically. Trustworthy companies are better at attracting and keeping customers, talented employees, and capital. Those tainted by questionable ethics suffer from dwindling customer bases, employee turnover, and investor mistrust. Let’s begin this section by addressing this question: What can individuals, organizations, and government agencies do to foster an environment of ethical behavior in business? First, of course, we need to define the...
What Is Ethics?
You probably already know what it means to be ethical: to know right from wrong and to know when you’re practicing one instead of the other. We can say that business ethicsis 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. I...
Why Study Ethics?
Ideally, prison terms, heavy fines, and civil suits would discourage corporate misconduct, but, unfortunately, many experts suspect that this assumption is a bit optimistic. Whatever the condition of the ethical environment in the near future, one thing seems clear: the next generation entering business—which includes most of you—will find a world much different than the one that waited for the previous generation. For example, cyberethics and how user behavior and programmed computers might...
Ethical issuesare the difficult social questions that involve some level of controversy over what is the right thing to do. Environmental protection is an example of a commonly discussed ethical issue, because there can be trade offs between environmental and economic factors. Ethical dilemmasare situations in which it is difficult for an individua...
Corporate social responsibility refers to the approach that an organization takes in balancing its responsibilities toward different stakeholders when making legal, economic, ethical, and social decisions. Remember that we previously defined stakeholdersas those with a legitimate interest in the success or failure of the business and the policies i...
term ethics: First, personal ethics (or morals) are individuals' beliefs and assumptions about what is. right and wrong, good and bad. Second, social or. group ethics are the beliefs and assumptions about right and wrong, good and bad held by a particular group. In these two uses, ethics are something that a.
And if you can’t help them, at least don’t hurt them. – Dalai Lama. • Act as if what you do makes a different. It does. – William James. • Ants are good citizens: they place group interests first. – Clarence Day. • Be the change that you want to see in the world.
