Ethics and social responsibility are just two different terms that mean the same thing. Business ethics and social responsibility business ethics how can businesses resolve ethical dilemmas. The effects of globalization and its impact on the transition from. Occupational safety and health administration osha c. Chapter 2 business ethics and social responsibility societal expectations e. Corporate social responsibility and business ethics. What would you do ifyou are in a class takingan exam, you are struggling,your teacher turns her backand the student in front of youhas the answer sheet availablefor you to see,what do you do. We will venture a definition of ethics, but for our purposes, ethics and morality will be used as equivalent terms. Business ethics and social responsibility section 4. After studying this chapter, you should be able to. Business ethics and social responsibility matching complete the following using the terms listed. According to the greek system of logic introduced by. Corporate social responsibility corporate social responsibility csr is the process by which businesses negotiate their role in society.
Business ethics and social responsibility true false questions 1. Followup via the connect exercises is then encouraged to provide a holistic understanding of the chapter. Sustainability will be considered in detail in chapter 4 while accountability and. See powerpoint slide 2 1 examples sat cheating bank traders rigging interest rates. Chapter 2 business ethics and social responsibility for uptodate legal and ethical news, go to. Corporate social responsibility or csr as we will call it throughout this book is a concept. Students discuss varying opinions on ethics training as a class. Chapter 02 business ethics and social responsibility. He has to respect social values andnorms of behaviour. Business studies assessment programme grade 12 2014. Jun 24, 20 social responsibilities of business and business ethics. Discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.
The actions and decisions of coworkers constitute another social factor believed to shape a persons sense of business ethics. Business ethics and social responsibility senior high. Some critics argue that corporate social responsibility csr distracts from the. Corporate social responsibility csr can create competitive advantages stakeholders have more power with increased companies can use their brand identity to create. Chapter 2 pdf ethics social responsibility chapter 2. Start studying chapter 2 business ethics and social responsibility. Ethics and social responsibility vtechworks virginia tech. One executive must be put in charge of the firms agenda 4. Then record companies and artists pay the promoters to make sure their music gets on the radio. The comprehensive approach organisations take to meet or exceed the expectations of stakeholders beyond such measures as revenue, profit and legal obligations. Business ethics and social responsibility use this instructors manual to facilitate class discussion and incorporate the unique features of the texts highlights. Lo 2 2 detect some of the ethical issues that may arise in business.
Chapter 2business ethics and social responsibility. A business using a green marketing strategy promotes. Chapter 2 business ethics and social responsibility doing. We survey some important issues and detail how companies have responded to them. A dilemma is a situation where a difficult choice must be made between two or more options. This article will discuss the different corporate social responsibility csr. Chapter 2business ethics and social responsibility matching complete the following using the terms listed. Business ethics and social responsibility can be used interchangeably because they mean the same thing.
Ethics and social responsibility mean the same thing. Chapter 2 business ethics and social responsibility. The guidelines address environmental and social conduct, but also include. Social responsibility refers to a businesss obligation to maximize its positive impact and minimize its negative impact on society.
Social responsibilities of business and business ethics. This chapter presents a discussion of business ethics, the role of a formal code of ethics. Life principles are set by your parents and do not change over time. Chapter 02 business ethics and social responsibility 22 competitors, government regulators, interest groups, and the public, as well as each c. An ethical dilemma is a moral problem with a choice between potential right and wrong. The organization must conduct occasional social audits. Business ethics refers to principles and standards that determine acceptable conduct in business organizations. Show how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers, employees, and investors. Ethics would be morality as applied to any number of subjects, including journalistic ethics, business ethics, or the ethics of professionals such as doctors, attorneys, and accountants. They are embedded in and interact with multiple changing local, national, and international environments. Business ethics and corporate social responsibility 20 3 abstract global organizations are fastchanging in tech nological, legal, economic, social, and political structures with competing stakeholders as well as power claims.
Chapter 2 business ethics and corporate social responsibility chapter objectives 1 explain the purpose of paying for whistleblowers. Social responsibility is an ethical framework and suggests that an entity, be it an organization or. All business decisions cannot be judged as right or wrong, ethical or unethical. Chapter 2 notes chapter 2 understanding business ethics and. Business ethics, chapter 1, 2, 3, 12 flashcards quizlet. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Social responsibility must start at the top and be considered a factor in strategic planning. An individuals ethical beliefs are influenced by his or her social group and culture. List the steps for dealing with an ethical dilemma. Every individual living in society hascertain obligations towards society.
Ethics education, encyclopedia for business ethics and society sage. This lesson will examine both concepts and differentiate between the two. The chapter also discusses how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers, employees, and investors, and how issues of social responsibility and ethics affect small business. Describe why ethical behavior is good for business. Pdf business ethics and corporate social responsibility. Economic model of social responsibility the view that society will benefit most when business is left alone to produce and market profitable products that society needs. Businesses are faced with many responsibilities including business ethics and social responsibility. Understanding business ethics and social responsibility chapter overview. Business ethics, corporate social responsibility and corporate. Save us or the environment, chapter 14, critical science and social responsibility. Ideology refers to a body of ideas that is characteristic of a group, class or nation. Securities and exchange commission sec occupational safety and health administration osha sarbanes oxley. Chapter 2 understanding business ethics and social responsibility vocab 1.
Chapter 2 business ethics and social responsibility doing well by doing good truefalse 1. Business ethics and social responsibility business. Business ethics this document was created with prince, a. Chapter managerial ethics and corporate social responsibility. Accommodative stance approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment 2. Business ethics and social responsibility github pages. Chapter 4 business ethics and social responsibility. Distinguish social responsibility from ethics, identify organizational stakeholders, and characterize social consciousness today.
The paper addresses the concepts of business ethics and corporate social responsibility in the old visavis the new economy. Business ethics and corporate social responsibility chapter. Extant research has attempted to focus on various aspects of both business ethics and corporate social responsibility for both romania and the. Chapter 2 corporate social responsibility and business ethics. Some of the ethics cases and discussion questions featured in this chapter are adapted from applied business ethics by dean a. Meaningful contribution of time and effort advancing the wellbeing of others in a business context. Chapter 2 business ethics and social responsibility free download as powerpoint presentation. Description of corporate social responsibility and investment. This document was created with prince, a great way of getting web content onto paper. L e a r n i n g o b j e c t i v e s lo 2 1 define business ethics and social responsibility and examine their importance. Business ethics relates to an individuals or a work groups decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of the entire business s activities on society. Harvard deusto finanzas y contabilidad, no 71 pp 212. Business ethics and corporate social responsibility 20.