...CHAPTER 3 ♦ ETHICAL BEHAVIOR AND SOCIAL RESPONSIBILITY ♦ Ethical Behavior- is that which is accepted as “good” and “right” as opposed to “bad” or “wrong” in the context of the governing moral code. Laws and Values as Determinate of Ethical Behavior * Personal Values- the underlying beliefs and attitudes that help determine individual behavior. * Terminal Values- are preference about desired ends, such as the goal’s one strives to achieve in life. Ex. Self-respect, family security, freedom and happiness. * Instrumental Values- preferences regarding the means for accomplishing these ends. Ex. Honesty, ambition, imagination, and self-discipline. Alternative Views of Ethics Four views of Ethical Behavior: ♦ Utilitarian View- considers ethical behavior to be that which delivers the greatest good to the greatest number of people. ♦ Individualism View- is based on the belief that one’s primary commitment is to the long-term advancement of self-interests. ♦ Moral Rights View- it is which respects and protects the fundamental rights of people. ♦ Justice View- it is based on the belief that ethical decisions treat people impartially and fairly, according to legal rules and standards. • Procedural Justice • Distributive Justice • Commutative Justice • Interactional Justice Cultural Issues in Ethical Behavior Cultural Relativism- belief that is no one rights way to behave and that ethical behavior is always determined by the cultural context. Universalism- suggests ethical...
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...Ethics reflection paper Introduction Ethics is the fundamental principles of an individual or a group. Business ethics refers to the study of business policies and practices. Social responsibility refers to how a business performs its activities to meet its wider obligations toward the society and environment. Strategic planning in the corporate world is considered to be a very important step. Social responsibility as well as ethical values in the strategic plan process are deemed to serve as an important role. The paper will explore the role of social responsibility and ethics in the business world. The role of ethics According to www.investopedia business ethics refers to the study of proper business policies and practices. There are several important issues to be aware of, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. (4) Business ethical principles are no difference than general ethical principles that is judged with the same right and wrong standards that are judged in society. Ethical factors have a great impact in the way businesses are ran today. The role of ethics may differ depending on which point of view is used. Ehow.com states that the ethics role and purpose is to control the human ego. Simply put, ethics is a system of thought that has as its end the process of organizing the aspects of personality such as drives, attitudes and aims into a balanced whole within the...
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...Social responsibility is often viewed as an inconvenience that cuts into shareholder profits. An organization that with this outlook on social responsibility is missing a significant opportunity to improve public perception and drive profits. This is clearly the view of company Q. When twice presented with the opportunity to create both social and monetary capital, they failed miserably. This likely contributed to the closure of 2 stores due to low performance. Not only are they harming their stakeholders (the communities in which they operate) but, they are also harming their shareholders by not capitalizing on revenue opportunities. There are three clear answers to their deficiencies. The first and most obvious is to begin donating the items that are expired to the local food bank as requested. The second is to implement a code of ethics in the corporate guidelines. Lastly, they should be expanding the current selections of healthy and organic foods. If these steps are followed, can the Company Q dig itself out of the loss column and see some profits? The answer is yes. Company Q was recently approached by the local food bank, and asked to donate the day old foods that Company Q had been throwing away. Management declined, opting instead to to continue to write the food off as a loss and throw it into the trash. The reason that was cited was concern for fraud and employee theft. This is an example of the company taking the short term bottom line approach. They...
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...Corporate social responsibilty hi professionals what is corporate social responsibility and what is the connection between csr and hrd.. suggestions are welcomed. regards manish :lol: Discussion in CiteHR.com - 4 Replies - Dated: 27-04-2007 PPT on Corporate Social Responsibility & Corporate Responsiveness IDear friends:icon1:/I IPlease find attached presentation on Corporate Social responsibility and Corporate Responsiveness.:icon1:/I I/I IHope it will make you clear to understand the concept Discussion in CiteHR.com - 35 Replies - Dated: 09-07-2008 Csr?????????????? Hi All Can anybody help me on CSRcorporate social responsibility. we have recently launched this in our org n & i want to know wat are the various activities we can start realated to this. Thanks & Regds Discussion in CiteHR.com - 5 Replies - Dated: 09-07-2008 Urgent... Project topic help... Plz..... Hi... I m pursuing mba 4rth sem with hr specialisation. Out of these 2 below project titles which one is best to do.. 1.corporate social responsibility 2.hrm practices i need to submit abstract on topics. Plz give ur valuable suggestion plz urgent.. Discussion in CiteHR.com - 3 Replies - Dated: 24-03-2011 Requests for slogans Hi friends I am looking for some good slognas on Motivation and Corporate Social Responsibility CSR. Can anyone help me? Awaiting responses.... Discussion in CiteHR.com - 5 Replies - Dated: 31-05-2008 Job description Hi Can we have any corporate hr word for " Managerial Responsibility...
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... renamed it to Microsoft Disk-Operating System, and modified for IBM’s purpose. Before doing the job for IBM, they made an agreement that they can sell MS-DOS to other companies also. After a while, MS-DOS became the industry’s leading OS. After the successful of DOS, they continued to work on DOS to convert it to graphical user interface and it would work on top of DOS, making it user-friendly by working with icons rather than commands. They named their new operating system Windows, which was a huge success and it still being used around the Globe even today. By 2010, with more than 90,000 employees and anticipated year-end revenues of up to $38 billion, Microsoft continued to hold a strong lead in the computer software industry. Social Responsibility a. Since 1999, Microsoft has worked closely with the Office of the United Nations High Commissioner for Refugees to provide people in dozens of countries with access to technology tools, skills training and other essential services. Microsoft attorneys have also helped dozens of refugees make a fresh start by providing pro bono legal counsel in hearings before U.S. immigration courts. In 2007, Microsoft launched Unlimited Potential, which brings together the company’s corporate citizenship efforts and many of...
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...Option 2: EthicsGame Dilemmas ETH/316 Option 2: EthicsGame Dilemmas Introduction The project that was presented included the application of personal values in working through two different ethical dilemmas. In order to work through each of the dilemmas two analytical skill sets were used to come to a resolution. The first skill set involved the use of the four ethical lenses. The lenses include the Results Lens, Rights/Responsibility Lens, Relationship Lens, and Reputation Lens. The second skill involves the use of the Baird Decision Model which is a five-step process that gives a systematic approach to the resolution of an ethical dilemma. The five steps of the Baird Decision Model include: * Step 1: Be Attentive * Step 2: Be Intelligent * Step 3: Be Reasonable * Step 4: Be Responsible * Step 5: Be Reflective The combination of the ethical lenses with the decision model provides the groundwork to come up with, good value based, solutions to ethical conflict (Rian Brown, 2014). Mysterious Blogger The first ethical conflict that was presented was that of the “Mysterious Blogger.” In this simulation the Director of Information Technology, who is responsible for managing all internal information system functions which include systems programming, application programming, networks, and computer operations, is presented with an employee who is leaking the proprietary company information to the public through a blog sight as an anonymous...
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...Eli Stahler EBM 493 Ethics in Business Ethics and Business: Lovers or Enemies? Works Cited Berrone, P., Surroca, J., & Tribo, J. CORPORATE ETHICAL IDENTITY AS DETERMINANT OF FIRM PERFORMANCE: A TEST OF THE MEDIATING ROLE OF STAKEHOLDER SATISFACTION. Universidad Carlos Ill De Madrid, Departamento de Economía de la Empresa . Universidad Carlos Ill De Madrid. Friedman, M. (1970, September 13). The Social Responsibilty of Business is to Increase Its Profits. The New York Times Magazine . George, D. (n.d.). A History of Business Ethics. Retrieved from scu.edu: http://www.scu.edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history.html Hansman, H., & Kraakman, R. The End Of History For Corporate Law. Yale Law School. Hasbro. (2013). Ethics. Retrieved from Hasbro: http://csr.hasbro.com/rul04-ethics.php Hill, M. Mcgraw Hill. MacDonald, L. (n.d.). Advantages & Disadvantages of Business Ethics. The Houston Chronicle . The Economist. (2011). Milton Friedman goes on tour. The Economist . Zeiger, S. Effects of Lack of Ethics on a Business Environment. Houston: The Houston Chronicle. Introduction Business ethics is the general application of ethical behavior and conduct towards the way a business conducts itself. Business ethics do not involve a specific set of standards but rather are general ethics applied to business conduct. Often, they can determine what strategy and decisions a company will make and what the...
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...Chapter 5 Social responsibility and Managerial Ethics WHAT IS SOCIAL RESPONISBILITY? Two views of social responsibility The classical View * The classical View says that management’s only social responsibility is to maximize profits. * Management’s only social responsibility is to maximize profits (create a financial return) by operating the business in the best interests of the stockholders (owners of the corporation). * Expanding the firm’s resources on doing “social good” unjustifiably increases costs that lower profits to the owners and raises prices to consumers. The Socioeconomic View * The Socioeconomic View is the view that management’s only social responsibility goes beyond making profits to include protecting and improving society’s welfare. * Management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare * Corporations are not independent entities responsible only to stockholders. * Firms have a moral responsibility to larger society to become involved in social, legal, and political issues. * “To do the right thing” Comparing the Two Views * A stage 1 manager is following the classical view of social responsibility and obeys all laws and regulations while caring for stockholders’ interests. * At stage 2 managers expand their responsibility to another important stakeholder group – employees. Because they want to attract, keep, and motivate good employees, stage 2 managers...
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...CORPORATE SOCIAL RESPONSIBILTY Stakeholder Management Approach is a way of understanding the ethical effects of environmental forces and groups on specific issues that affect real time stakeholders and their welfare. Special interest groups Local community groups Owners Supplier s Custome rs Primary stakeholders Consumer groups FIRM Media Employe es Secondary stakeholders Society at large Environmental groups External Stakeholders, Moral Stakes, and Corporate Responsibilities Suppliers, distributors (fairness, truthfulness in all transactions, contracts; mutual respects; honest info sharing; timely payment) Customers/consum ers (safe, reliable products, services; honest info; fair treatment; protection from product, service harm) Environment (protect & respect; improve & sustain; prevent waste; promote natural growth) Corporations (profits, brandname(s), reputation, trust, collaboration from stockholders, stakeholders Governments (law abiding; cooperation with fair standards; procedures; promote societal and community safety and health) Communities, Society (respects laws, rights, values of ppl, cultures; support and promote economic, physical, social health, human development; be a good citizen) Competitors (promote open markets; follow laws and rights of all stakeholders; act ethically in all business Dr. Truong Thi Nam Thang transactions) Criticism of stakeholder theory Negates and weakens fiduciary duties managers owe to stockholders...
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...Running Head:APPLE RESPONSIBILTY AND STRATEGIES Apple Company responsibility and strategies Latoya Loving Contemporary Business Dr Jeffery Weaver Institutional Affiliation April 21, 2014 Corporate responsibilities and Marketing strategies Apple Inc is known world-wide because of the quality of the products it produces. This is a primary reasonwhy its sales have remained high. The mission of Apple Inc is to ensure that it remains socially responsible to the community it serves in addition to persuading the suppliers to comply with socially ethical issues. The mission expresses the commitment of the company in implementing corporate social responsibility activities, apart from providing innovative products to the customers. Corporate social responsibility is an important product to companies because it builds up the reputation of a company by showing the society that the company is not only after generating profits but also intends to support the society in other ways. The employees, suppliers and public members are all necessary for support. As for Apple Inc, their corporate social responsibility can be rated as average. It is not okay that the company has done nothing in terms of implementing corporate social responsibility (Backer, 2013). Internally, the company ensures that its employees are well compensated in relation to the performance of the company. On some occasions, the company has issued some of the products it makes to the employees for free, this...
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...Mutilation Page 1 Female Genital Mutilation Denena White Soc 121 Marnie Carroll August 13, 2012 Mutilation Page 2 Female Genital Mutilation Female genital mutilation is a cultural practice that is cruel and violent. This cultural procedure is performed on infants, young girls, and women of certain cultures. The utilitarianism theory would claim this cultural practice unethical because it does not achieve the greatest amount of happiness for the greatest number of people. The deontology theory will claim this cultural practice unethical because the action is wrong and dangerous according to medical studies. Female genital mutilation has no medical benefits, only severe dangers. Therefore, there should be laws preventing this procedure being practiced on infants and young girls. It should only be allowed to be performed on willing, consenting adults who are fully aware of the risks they are taking by following through with the procedure. Female genital circumcision originated in Africa and is now practiced in 28 African countries. It is also practiced in the Middle East, Southeast Asia, and India. It is a cultural...
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...------------------------------------------------- Company Report: Gap Inc. and Business Ethics Depestel Caroline Milijana Zlatic s0101027 s0100470 Professor S. Hughes Year: 2012-2013 3th Bachelor Applied Economics 1. Executive Summary The topic of this paper is business ethics within Gap Inc., a multinational retail – clothing company. The foundation of its corporate ethical approach is summarized in the Code of Conduct . This paper outlines the ethical problems Gap Inc. faced in the last years and more important, the solutions they found in order to remain a successful company. It shows how large companies deal with common issues like child labour and sweatshops. In the first place, this report points out several examples of the problems had to deal with. These points, among which an important lawsuit and documentary, illustrate that their Code of Conduct is not sufficient enough to name Gap Inc. a model corporation in terms of business ethics. Secondly, it is essential to make an overview of the resolutions for the problems that Gap created over the years. In answer to the critics on child labour and employee abuse, they launched a campaign in which they support several organizations. Furthermore, Gap increased its corporate responsibilty by creating several multi-stakeholder initiatives. The quick solutions Gap came up with show that a big company can limit its economic damage when ethical issues occur. To maintain...
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...Ethics Behavior and Social Responsibility International Accounting Member of Group : 1. Rahmawati Yulistya C1I015026 2. Muhamad Ilham Akbar C1I015012 3. Astria Wulan P C1I015013 4. Siffa Sandi Sasmita C1I015025 5. Cita Husna Raisya C1I015026 6. Wulan Nilam Sari C1I015031 7. Karina Aprilia W C1I015037 8. Riyan Ardiyana C1I015043 Jenderal Soedirman University Faculty of Economics and Business I. Introduction I. Background Ethics Behavior and Social Responsibility Ethical behavior is that which is morally accepted as “good” and “right”. And opposed to “bad” and “wrong”. Social responsibility is a moral principle of an entity, be it an organization or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act. Organizations can manage ethics in their workplaces by establishing an ethics management program. Brian Schrag, Executive Secretary of the Association for Practical and Professional Ethics, clarifies. “Typically, ethics programs convey corporate values...
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...globe. Such socially responsible companies see to it that this consciousness permeates everything they do. The company Starbucks coffee stands out as a prime example of how social responsibility can be productively coupled with sound strategies to advance goodwill, while building a sustainable and impressive business. Starbucks can provide the leadership to demonstrate how marketers can pursue both objectives simultaneously. Socially conscious companies have stepped up their efforts with increasing effectiveness and productivity. Since Starbucks Coffee started in 1971, the company has focused on acting responsibly and ethically. One of Starbucks' main focuses is the sustainable production of green coffee. It created C.A.F.E. Practices, a set of guidelines to achieve product quality, economic accountability, social responsibility and environmental leadership. The company supports products such as Ethos Water, which brings clean water to the more than 1 billion people who do not have access. To date, Ethos Water has committed to grants totaling more than $6.2 million. Not all companies are fortunate enough to practice effective corporate social responsibility. Some senior businesses show significant gaps between their goals and their ability to attain them. Most companies that struggle with corporate social responsibility can't implement real changes that would fundamentally increase efficiency, lower costs, reduce environmental impact and improve reputation with key...
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...Our group, upon much deliberation, decided to conduct our research on the Target Corporation. This decision was based partially on the interesting class presentation done by one of its Wisconsin store managers, and also a genuine interest in the company. We have all been to a Target store or one very similar in our lives. A great number of Americans shop there on a weekly or bi-weekly basis, purchasing anything from a loaf of bread to a flat screen television. The broadness of its product and the way they conduct their business is what first appealed to our group. Digging deeper, we found that Target is more than just convenient shopping and friendly service. They are a multi-million dollar corporation that hasn't forgotten about their community or their employees. Target Corporation was founded in 1902, though it was not known as Target Corp. at the time. George Dayton opened Goodfellows in downtown Minneapolis, which remains at the same location today. In 1903 the company changed their name to Dayton Dry Goods Company. This name did not last long either as it was shortened in 1910 to The Dayton Company. In 1946 The Dayton Company began a tradition of giving 5% of their profit back to the communities and continues to do so today. In 1953 The Dayton Company adopted a new logo cutting out the word "company", and just having the word Dayton's as the new logo. In 1954 Hudson's was opened in Detroit Michigan by J.L Hudson who opened the store in Northland Center, the largest shopping...
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