B.E. & Social Responsibility
Preview:
DESCRIPTION
B.E. & Social Responsibility
Citation preview
- 1. pp. 48-61 Chapter 4 Business Ethics and Social
Responsibility
- 2. Learning Objectives After completing this chapter, youll be
able to:
- Give reasons why ethical behavior is good for business.
continued
- 3. Learning Objectives After completing this chapter, youll be
able to:
- Define social responsibility.
- Describe the social responsibilities of businesses.
- 4. Why Its Important Understanding business ethics and social
responsibility informs you of your rights as a consumer, an
employee, and a citizen.
- 5. Key Words ethics business ethics sweatshops Occupational
Safety and Health Administration (OSHA) code of ethics social
responsibility continued
- 6. Key Words conflict of interest Food and Drug Administration
(FDA) Equal Pay Act Environmental Protection Agency (EPA)
- 7. What Is Ethics? Ethics is the set of moral principles by
which people conduct themselves personally, socially, or
professionally.
- 8. What Is Ethics? Business ethics is a set of guidelines about
how a business should conduct itself. In general, for any business
to be successful, it must operate legally, ethically, and
humanely.
- 9. Ethics is the set of principles by which you conduct
yourself in society. How often do you help the environment? What do
you do? Source: The NPD Group Figure 4.1 ENVIRONMENTALLY
FRIENDLY
- 10. Legal Responsibility Sweatshops are factories that pay
workers poorly, are unsafe, and treat workers badly.
- 11. Legal Responsibility The Occupational Safety and Health
Administration (OSHA) is a division of the Department of Labor that
sets and enforces work-related health and safety rules.
- 12. Legal Responsibility Other independent agencies protect
consumers, monitor broadcast communications, and address
discrimination in the workplace.
- 13. Legal Responsibility Most businesses police themselves by
distributing codes of ethics. A code of ethics is a set of
guidelines for maintaining ethics in the workplace.
- 14. Legal Responsibility Businesses that regulate themselves
are able to operate more freely.
- 15. Ethics as Good Business Unethical business practices can
affect your business indirectly. The amount you make in profits
from one unhappy customer can translate into a lot more lost
because of missed repeat business.
- 16. Ethics as Good Business Treating employees unethically can
also backfire. Mistreating employees leads to a high turnover rate.
This increases the cost of hiring and training new employees.
- 17. Important Ethical Questions When considering a questionable
course of action, you have to ask yourself these important
questions:
- Is it against the law? Does it violate company or professional
policies?
continued
- 18. Important Ethical Questions
- What if everyone did this? How would I feel if someone did this
to me?
- Am I sacrificing long-term benefits for short-term gains?
- 19. Making Decisions on Ethical Issues Here are some steps if
you find yourself in an ethical dilemma:
- Identify the ethical dilemma.
- Discover alternative actions.
continued
- 20. Making Decisions on Ethical Issues
- Decide who might be affected.
- List the probable effects of the alternatives.
- Select the best alternative.
- 21.
- 22. Graphic Organizer Important Ethical Questions Graphic
Organizer Does it violate the law or policies? ETHICAL DECISION
Would this sacrifice long-term benefits for short-term gain? What
if everyone did this, but its bad? UNETHICAL NO NO NO YES YES YES
MAY BE UNETHICAL UNETHICAL
- 23. Fast Review
- How do companies benefit by enforcing their own codes of
ethics?
- Why does it pay to treat customers ethically?
continued
- 24. Fast Review
- What are some important ethical questions to ask?
- 25. Social Responsibility Social responsibility is the duty to
do what is best for the good of society.
- 26. Social Responsibility The ethical obligations of a business
are to:
- Contribute to the standard of living in society
- 27. Social Responsibility A conflict of interest is when a
business is tempted to put profits before social welfare.
- 28. Responsibility to Customers The Food and Drug
Administration (FDA) , a government agency, protects consumers from
dangerous or falsely advertised products.
- 29. Figure 4.2 OVER-THE-COUNTER MEDICINE LABEL The FDA governs
advertising and labeling of over-the-counter medicines. Analyze why
the FDA officials might feel that regulation of advertising and
packaging labels is necessary.
- 30. Responsibility to Customers Fair competition between
businesses is healthy for the marketplace, but some companies dont
always play reasonably.
- 31. Responsibility to Customers Some companies use unethical
means to eliminate competition. One of the most common means is to
conspire with other companies to control the market for a
product.
- 32. Responsibility to Employees Businesses have a social
responsibility to create jobs. They are expected to provide
employees with safe working conditions, equal treatment, and fair
pay.
- 33. Responsibility to Employees The Equal Pay Act (passed in
1964) requires that men and women be paid the same wages for doing
equal work.
- 34. Responsibility to Employees The Americans with Disabilities
Act bans discrimination against persons with physical or mental
disability.
- 35. Responsibility to Employees Its in a companys best interest
to treat its workers fairly otherwise low morale, poor
productivity, and a high turnover rate are its troubles.
- 36. Responsibility to Society Businesses have responsibilities
not only to customers and to employees but also to society as a
whole.
- 37. Responsibility to Society In 1970, the U.S. government
created the Environmental Protection Agency (EPA) , a federal
agency that enforces rules that protect the environment and control
pollution.
- 38. Responsibility to Society Many businesses plan for their
social responsibilities just like planning for production and sale
of their products.
- 39. Fast Review
- Define social responsibility.
- What is a conflict of interest?
continued
- 40. Fast Review
- What do companies adopt in the workplace to treat their workers
fairly?
- 41. Why should a company make a vested interest in nature over
its products? continued
- 42. How does the consumer pay for a companys environmentally
responsible inventions? continued
- 43. What are social issues youre interested in pursuing? How
are businesses involved? continued
- 44. What government agency has a responsibility to protect
society from genetically modified organisms?
- 45. pp. 48-61 End of Chapter 4 Business Ethics and Social
Responsibility