Discuss how managers can manage ethical lapses and social responsibility. 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. Cbse class 11 business studies social responsibility of. Students discuss varying opinions on ethics training as a class. Positive abstractions that capture ones sense of what is good and desirable are. Csr is then considered to be a fee charged on the returns derived from the wrongs. Describe why ethical behavior is good for business. Chapter 02 business ethics and social responsibility. According to alter 2006, the hallmark of social entrepreneurship lies in its ability to combine social interests with business practices to effect social change. Businesses are faced with many responsibilities including business ethics and social responsibility. A set of moral principles or values that govern behavior. Business ethics are principles and standards that determine acceptable conduct in business. Chapter 4, ethics and social responsibility time frame 9 hours introduction in chapter 4, you will learn why business ethics are important, what ethical codes should include, how businesses solve ethical dilemmas, what laws relate to ethics in business, how thinking about corporate responsibility has changed since the nineteenth century, and. Business ethics, corporate social responsibility and corporate governance.
Csr can create competitive advantages stakeholders have more power with increased access to information, both positive and negative companies can use their b rand identity to create social value, quality and customer loyalty allows a firm to differentiate themselves and promote. Introduction to business, business ethics and social responsibility slide 2 of 36 learning objectives after completing this chapter, youll be able to. Chapter 4 business ethics and social responsibility student notes. Ethics and social responsibility vtechworks virginia tech.
Business ethics and corporate social responsibility 20. A mandates b ethics c business mindset d etiquette e philanthropy answer. Describe the social responsibilities businesses have to. Corporate social responsibility corporate social responsibility means that businesses act in ways that balance profit and growth with the good of society. Business ethics this document was created with prince, a. Remember that we previously defined stakeholders as those with a legitimate interest in the success or failure of the business and the policies it adopts. A close relationship ethics and social responsibilityoften discussed in the same breathare closely related, but they are definitely not the same. The us sentencing commission guidelines for organizations cover offenses related to invasion of privacy. Then record companies and artists pay the promoters to make sure their music gets on the radio. European journal of business and innovation research vol.
Corporate social responsibility often translates into profits. Be aware of isms principles and standards of ethical supply management conduct 2. Chapter 2 business ethics and social responsibility free download as powerpoint presentation. Learn chapter 4 business ethics social responsibility with free interactive flashcards. Corporate social responsibility and business ethics. The most important questions for annual examination from chapter 6 social responsibilities of business and business ethics are given here for download. Pdf business ethics and corporate social responsibility is. An ethical dilemma is a moral problem with a choice between potential right and wrong. Business ethics chapter 3 corporate social responsibility march 16, 2016. Business management lap 4chapter 4 ethics and social. Ethics are a set of beliefs about right and wrong, good and bad.
However, the social responsibility movement is but one aspect of the overall discipline of business ethics. Chapter 4 business ethics and social responsibility. They are embedded in and interact with multiple changing local, national, and international environments. Class 11th business studies important questions in chapter 6 social responsibilities of business and business ethics for free download in pdf format. Chapter 4 business ethics and social responsibility section 4. Chapter 4 business ethics and social responsibility chapter 4 outside reading. Chapter 4 ethics and social responsibility fundamentals of. In recent years, many organizations have embraced corporate social responsibility csr, a philosophy introduced in why ethics matter, in which the companys expected actions include not only producing a reliable product, charging a fair price with fair profit margins, and paying a fair wage to employees, but also caring for the environment and. The correct answer for each question is indicated by a. Social responsibility the obligation of a business to contribute to society.
To register online tuitions on to clear your doubts. Pdf there is growing research in all areas of ethics and csr that. Chapter 4 social responsibility of business and government. Chapter 4 social responsibility of business and government directions. Ethics and social responsibility is a growing and developing discipline. Logo quiz a part or a whole logo of a company will be shown guess the name of that company 3. Overview of ethics value system, attitudes, beliefs and life patterns 4. The social responsibility movement arose particularly during the 1960s with increased public consciousness about the role of business in helping to cultivate and maintain highly ethical practices in society and particularly in the natural. After reading this chapter, you should be able to do the following. Corporate performance, business ethics and corporate governance. Lately it has come into focus ever since the former prime minister atal bihari vajpayee pleaded for zero tolerance for. A close relationship ethics and social responsibility often discussed in the same breathare closely related, but they are definitely not the same. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
We also acknowledge previous national science foundation support under grant numbers 1246120, 1525057, and 14739. Chapter 4 business ethics and social responsibility course hero. Business ethics and social responsibility business. Social entrepreneurship is a broad term for organizations that aim to solve social problems by entrepreneurial means. Nonprofits, partnerships, and labor unions are not covered by the us sentencing commission guidelines for organizations. Under ethics, the social responsibility principle states. The company works with more than 100 canadian suppliers who provide it with wholesome and sustainable ingredients for its foods.
View notes chapter 4 from sgsce 10 at baliuag university. Corporate social responsibility csr business ethics. Chapter 2 business ethics and social responsibility. Chapter managerial ethics and corporate social responsibility. Importance of social responsibility in businesses success increases day by day social. Give reasons why ethical behavior is good for business. Business ethics and social responsibility the role of ethics in business key terms.
Business ethics and social responsibility use this instructors manual to facilitate class discussion and incorporate the unique features of the texts highlights. Identify ethical issues that you might face in business, such as insider trading, conflicts of interest, and bribery, and explain. Understand the principal philosophies of ethics, including utilitarianism, dutybased ethics, and virtue ethics. This lesson will examine both concepts and differentiate between the two. C h a p t e r business ethics, corporate social 04 responsibility. Business ethics chapter 4 the meaning and value of work. List the steps for dealing with an ethical dilemma.
Chapter 3 social responsibility business ethics and. Social responsibility the obligation of a business. Discuss how businesses can promote positive social change. Business ethics chapter 5 moral rights and the workplace march 16, 2016. Learn the fundamental concepts of business ethics and their applications in leadership and company organization. Assess how to incorporate ethical considerations into. Chapter 4 business ethics, corporate social responsibility. Business ethics, corporate social responsibility and corporate. Business ethics social responsibility powerpoint slides ppt 2. Business ethics and social responsibility business ethics how can businesses resolve ethical dilemmas.
K to 12 basic education curriculum senior high school. This chapter presents a discussion of business ethics, the role of a formal code of ethics. Chapter 4 ethics and social responsibility fundamentals. A business using a green marketing strategy promotes. The main idea ethics are moral principles by which people conduct themselves personally, socially, and. Chapter 4 business ethics and social responsibility student notes free download as word doc. Chapter 4 chapter 4 business ethics and corporate social. Business ethics, corporate social responsibility and. 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. Chapter 4 ethics and social responsibility truefalse 1. A dilemma is a situation where a difficult choice must be made between two or more options. Choose from 500 different sets of chapter 4 business ethics social responsibility flashcards on quizlet. View benefit from csr corporate social responsibility online video and read chapter 4 in your textbook, then complete the worksheet below.
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 4 business ethics and social responsibility pp. This advantage for business is sometimes described as doing well by doing good. Sustainable marketing 5 mcdonalds and its suppliers are collectively focused on three responsibility areas. Sustainability, ethics and social responsibility corporate social responsibility csr is a corporate issue because. Ethics and corporate social responsibility with a perspective that.
Business ethics ethics is the study of how people should act ethics also refers to the values and beliefs related to the nature of human conduct based on ethical standards or moral orientation business ethics. Ethics and mgmt by hosmer business ethics by shekher business ethics by chakrobarthy oxford publication syllabus 1. Understanding business ethics and social responsibility chapter overview. Define ethics and explain the importance of good ethics for business people and business organizations. This document was created with prince, a great way of getting web content onto paper. Business ethics social responsibility adobe acrobat. Followup via the connect exercises is then encouraged to provide a holistic understanding of the chapter. According to alter 2006, the hallmark of social entrepreneur. K to 12 basic education curriculum senior high school accountancy, business and management abm specialized subject k to 12 senior high school abm specialized subject business ethics and social responsibility may 2016 page 4 of 5 code book legend sample.