SlideShare a Scribd company logo
1 of 26
Download to read offline
Rotary Four-Way Test and Promoting
Social Justice through Good Business
Rotary Four-Way Test
• Of the things we think, say or do
• Is it the TRUTH?
• Is it FAIR to all concerned?
• Will it build GOODWILL and BETTER
FRIENDSHIPS?
• Will it be BENEFICIAL to all concerned?
TRUTH
There is something higher and more universal
than our own will or self-interest
Something we cannot change even if we want to
Implication: we are part of a large whole, our
lives are bound up in the lives of others
FAIR
There is imbalance and a disturbance if we take
out too much for ourselves or pay too much
attention to our own emotions and needs
Implication: reciprocity and equilibrium are
essential in life; extremism brings on negative
consequences
Goodwill/Better Friendships
What others think of us matters.
We can prosper more and be happier when we
have good relationships with people who like
and respect us.
Implication: Many assets are intangible
Beneficial to All
If we do live within a larger order, that which is
of benefit to more than ourselves improves
the order from which we derive our being and
our well-being
Implication: Providing Benefits to others
unselfishly elevates our sense of well-being
and goodness
GLOBAL CSR MOVEMENT
European Definition: “the responsibility of enterprises for their
impacts on society”
To fully meet their corporate social responsibility, enterprises should
have in place a process to integrate social, environmental, ethical,
human rights and consumer concerns into their business operations
and core strategy in close collaboration with their stakeholders, with
the aim of:
– maximising the creation of shared value for their
owners/shareholders and for their other stakeholders and society
at large;
– identifying, preventing and mitigating their possible adverse
impacts.
Care About Stakeholders
Four-Way Test can be implemented in business by
using it to take care of stakeholders
- Truth tells us that stakeholders are important
- Fairness includes interests of stakeholders
- Goodwill/better friendships is ethical guide to
good management of stakeholder relationships
- Beneficial to all – business practices are win/win,
not win/lose; shared value; avoid negative
externalities
Stakeholders
- Customers – moral compass for capitalism
- Employees – moral agents, not parts for a
machine
- Owners and Investors – fiduciary duties of loyalty
and due care
- Suppliers – friends, not foes
- Competitors – compete with quality and
innovation, not price
- Communities – enhance social capital to enhance
future profitability
Business
People
Politics,
Government, Law
and Regulation;
Sociology;
Psychology;
History;
Anthropology; Arts
and Literature;
Economics;
Sciences
Ethical Environment of Business
Global Ethics, The Four Way Test and World Peace
12
What is the fair value of an investment
in business?
• Quality Income Stream
• High net present discounted value
• Good capitalization multiplier
Good Corporate Value
(Warren Buffet would buy it)
13
Today where does most corporate value come
from?
Intangible Assets!
14
S&P 500 Companies
80% of market value comes from:
Intangible Assets
Source: Monks/Lajoux, Corporate Valuation
15
How do you manage risk?
-Each risk hides in a relationship
- customers
- investors
- government regulation
- employees
-Each relationship is an intangible asset of the
business (Assets can Appreciate or Depreciate).
-Lowering risk for each relationship enhances the
quality of intangible assets and increases business
valuation
16
INPUTS
$;
sustainable
profits;
low beta;
maximum
value
Reputational
capital
Social capital
Finance
capital
Physical
capital
Human
capital
Conversion
processes
OUTPUT
Goods/services
Customers
Return on Capital
(preserve adequacy of capital inputs)
Theory of the Moral Firm
(self interest considered upon the whole)
17
Capital Accounts
Capital Accounts are your defense against risk and your
resource base for competitive initiatives
Finance Capital
Physical Capital
Human Capital
Reputation Capital
Social Capital
18
How Can you Measure
and, therefore, Manage
Stakeholder Relationships
And all a company’s
Capital Accounts?
19
ASK QUESTIONS!
Assess the Quality of your
relationships
20
Category 1.
Fundamental
Duties
2.
Customer
s
3.
Employee
s
4.
Owners
/
Investor
s
5.
Suppliers
/
Partners
6.
Competitors
7.
Communit
ies
1. Responsi-
bilities of
Business
Criterion
1.1
Criterion
1.2
Criterion
1.3
Criterion
1.4
Criterion
1.5
Criterion
1.6
Criterion
1.7
2. Economic
and Social
Impact of
Business
Criterion
2.1
Criterion
2.2
Criterion
2.3
Criterion
2.4
Criterion
2.5
Criterion
2.6
Criterion
2.7
3. Business
Behavior
Criterion
3.1
Criterion
3.2
Criterion
3.3
Criterion
3.4
Criterion
3.5
Criterion
3.6
Criterion
3.7
4. Respect for
Rules
Criterion
4.1
Criterion
4.2
Criterion
4.3
Criterion
4.4
Criterion
4.5
Criterion
4.6
Criterion
4.7
5. Support for
Multi- lateral
Trade
Criterion
5.1
Criterion
5.2
Criterion
5.3
Criterion
5.4
Criterion
5.5
Criterion
5.6
Criterion
5.7
6. Respect for
the
Environment
Criterion
6.1
Criterion
6.2
Criterion
6.3
Criterion
6.4
Criterion
6.5
Criterion
6.6
Criterion
6.7
7. Avoidance
of Illicit
Operations
Criterion
7.1
Criterion
7.2
Criterion
7.3
Criterion
7.4
Criterion
7.5
Criterion
7.6
Criterion
7.7
Arcturus Risk Assessment Instrument – Criteria
Matrix
21
The Corporate Improvement Cycle
Performance Improvement
Performance
Feedback to
Management
Management Action
CRT Assessment
Global Ethics, The Four Way Test and World Peace
Global Ethics, The Four Way Test and World Peace
Global Ethics, The Four Way Test and World Peace
Global Ethics, The Four Way Test and World Peace
Global Ethics, The Four Way Test and World Peace

More Related Content

What's hot

Social Responsibility PPT
Social Responsibility PPTSocial Responsibility PPT
Social Responsibility PPTSamuel pongen
 
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)Dhaval Shukla
 
Unit 2: Business Ethics & Social Responsibility
Unit 2: Business Ethics & Social ResponsibilityUnit 2: Business Ethics & Social Responsibility
Unit 2: Business Ethics & Social Responsibilitycelsesser
 
Ethics, definitions & theories
Ethics, definitions & theoriesEthics, definitions & theories
Ethics, definitions & theoriesTobore Oshobe
 
Importance of-business-ethics
Importance of-business-ethicsImportance of-business-ethics
Importance of-business-ethicsSyed Arslan
 
Theories of ethics
Theories of ethicsTheories of ethics
Theories of ethicsmymnm08
 
Ethics and Society Prensentation
Ethics and Society PrensentationEthics and Society Prensentation
Ethics and Society PrensentationSajidBepari
 
Globalization business ethics
Globalization business ethicsGlobalization business ethics
Globalization business ethicsArsalan Humayun
 
Chapter 2: Ethics
Chapter 2: EthicsChapter 2: Ethics
Chapter 2: Ethicsdmeyeravc
 
Ethical leadership
Ethical leadershipEthical leadership
Ethical leadershipAjit Kunwar
 

What's hot (20)

Normative theory
Normative theoryNormative theory
Normative theory
 
Social Responsibility PPT
Social Responsibility PPTSocial Responsibility PPT
Social Responsibility PPT
 
business ethics
business ethicsbusiness ethics
business ethics
 
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
 
Organizational Ethics
Organizational EthicsOrganizational Ethics
Organizational Ethics
 
Social responsibility
Social responsibilitySocial responsibility
Social responsibility
 
Unit 2: Business Ethics & Social Responsibility
Unit 2: Business Ethics & Social ResponsibilityUnit 2: Business Ethics & Social Responsibility
Unit 2: Business Ethics & Social Responsibility
 
Ethics, definitions & theories
Ethics, definitions & theoriesEthics, definitions & theories
Ethics, definitions & theories
 
Importance of-business-ethics
Importance of-business-ethicsImportance of-business-ethics
Importance of-business-ethics
 
Ethical Leadership
Ethical LeadershipEthical Leadership
Ethical Leadership
 
Theories of ethics
Theories of ethicsTheories of ethics
Theories of ethics
 
Ethics and Society Prensentation
Ethics and Society PrensentationEthics and Society Prensentation
Ethics and Society Prensentation
 
Unethical Practices
Unethical PracticesUnethical Practices
Unethical Practices
 
Lecture1 introduction to ethics
Lecture1 introduction to ethicsLecture1 introduction to ethics
Lecture1 introduction to ethics
 
stakeholder theory.
stakeholder theory.stakeholder theory.
stakeholder theory.
 
Globalization business ethics
Globalization business ethicsGlobalization business ethics
Globalization business ethics
 
Different types of values
Different types of valuesDifferent types of values
Different types of values
 
Chapter 2: Ethics
Chapter 2: EthicsChapter 2: Ethics
Chapter 2: Ethics
 
Ethical leadership
Ethical leadershipEthical leadership
Ethical leadership
 
Value & Ethics
Value & EthicsValue & Ethics
Value & Ethics
 

Viewers also liked

20th centuryrememberedv16
20th centuryrememberedv1620th centuryrememberedv16
20th centuryrememberedv16kpmartin182
 
Peace solutions rotary int'l presentation
Peace solutions rotary int'l presentationPeace solutions rotary int'l presentation
Peace solutions rotary int'l presentationErik Fulkerson
 
Russian Rotary Clubs Serving For Peace
Russian Rotary Clubs Serving For PeaceRussian Rotary Clubs Serving For Peace
Russian Rotary Clubs Serving For PeaceRotary International
 
Rotary Doing Good in the World - a presentation for Bolton University 18 June...
Rotary Doing Good in the World - a presentation for Bolton University 18 June...Rotary Doing Good in the World - a presentation for Bolton University 18 June...
Rotary Doing Good in the World - a presentation for Bolton University 18 June...PDG Kevin Walsh - Rotary International
 
A Powerful Rotary Peace Project For Young People and Their Communities
A Powerful Rotary Peace Project For Young People and Their CommunitiesA Powerful Rotary Peace Project For Young People and Their Communities
A Powerful Rotary Peace Project For Young People and Their CommunitiesRotary International
 
Peace and Conflict Resolution and Prevention through Rotary ICC
Peace and Conflict Resolution and Prevention through Rotary ICCPeace and Conflict Resolution and Prevention through Rotary ICC
Peace and Conflict Resolution and Prevention through Rotary ICCRotary ICC Executive Council
 
Women & social peace in egypt oct 23 final
Women & social peace in egypt oct 23 finalWomen & social peace in egypt oct 23 final
Women & social peace in egypt oct 23 finaljlaureni
 
Mba1034 cg law ethics week 14 ethics international business 072013
Mba1034 cg law ethics week 14 ethics international business  072013Mba1034 cg law ethics week 14 ethics international business  072013
Mba1034 cg law ethics week 14 ethics international business 072013Stephen Ong
 
Business Ethics International Perspective
Business Ethics   International PerspectiveBusiness Ethics   International Perspective
Business Ethics International PerspectiveAmandeep Midha
 
Ethics in international business
Ethics in international businessEthics in international business
Ethics in international businesscvinitha
 
13.1 Ethical Behavior
13.1 Ethical Behavior13.1 Ethical Behavior
13.1 Ethical BehaviorNCVPS
 
Peace education presentation
Peace education presentationPeace education presentation
Peace education presentationguest300d45
 

Viewers also liked (20)

Global Business Ethics
Global Business Ethics Global Business Ethics
Global Business Ethics
 
Ethics in a Global Economy
Ethics in a Global EconomyEthics in a Global Economy
Ethics in a Global Economy
 
20th centuryrememberedv16
20th centuryrememberedv1620th centuryrememberedv16
20th centuryrememberedv16
 
Peace solutions rotary int'l presentation
Peace solutions rotary int'l presentationPeace solutions rotary int'l presentation
Peace solutions rotary int'l presentation
 
Russian Rotary Clubs Serving For Peace
Russian Rotary Clubs Serving For PeaceRussian Rotary Clubs Serving For Peace
Russian Rotary Clubs Serving For Peace
 
Peace Through Service Part 1 of 3
Peace Through Service Part 1 of 3Peace Through Service Part 1 of 3
Peace Through Service Part 1 of 3
 
Rotary Doing Good in the World - a presentation for Bolton University 18 June...
Rotary Doing Good in the World - a presentation for Bolton University 18 June...Rotary Doing Good in the World - a presentation for Bolton University 18 June...
Rotary Doing Good in the World - a presentation for Bolton University 18 June...
 
A Powerful Rotary Peace Project For Young People and Their Communities
A Powerful Rotary Peace Project For Young People and Their CommunitiesA Powerful Rotary Peace Project For Young People and Their Communities
A Powerful Rotary Peace Project For Young People and Their Communities
 
Peace and Conflict Resolution and Prevention through Rotary ICC
Peace and Conflict Resolution and Prevention through Rotary ICCPeace and Conflict Resolution and Prevention through Rotary ICC
Peace and Conflict Resolution and Prevention through Rotary ICC
 
La jeunesse d’Europe veut faire avancer la paix
La jeunesse  d’Europe veut faire avancer la paixLa jeunesse  d’Europe veut faire avancer la paix
La jeunesse d’Europe veut faire avancer la paix
 
Women & social peace in egypt oct 23 final
Women & social peace in egypt oct 23 finalWomen & social peace in egypt oct 23 final
Women & social peace in egypt oct 23 final
 
Global Business Ethics
Global Business EthicsGlobal Business Ethics
Global Business Ethics
 
Mba1034 cg law ethics week 14 ethics international business 072013
Mba1034 cg law ethics week 14 ethics international business  072013Mba1034 cg law ethics week 14 ethics international business  072013
Mba1034 cg law ethics week 14 ethics international business 072013
 
Business Ethics International Perspective
Business Ethics   International PerspectiveBusiness Ethics   International Perspective
Business Ethics International Perspective
 
Ethics in international business
Ethics in international businessEthics in international business
Ethics in international business
 
13.1 Ethical Behavior
13.1 Ethical Behavior13.1 Ethical Behavior
13.1 Ethical Behavior
 
Peace education presentation
Peace education presentationPeace education presentation
Peace education presentation
 
Organizational culture and ethical behavior
Organizational culture and ethical behaviorOrganizational culture and ethical behavior
Organizational culture and ethical behavior
 
Business Ethics
Business EthicsBusiness Ethics
Business Ethics
 
Business ethics
Business ethicsBusiness ethics
Business ethics
 

Similar to Global Ethics, The Four Way Test and World Peace

Need & relevance of values in management
Need & relevance of values in managementNeed & relevance of values in management
Need & relevance of values in managementRishav Mahajan
 
01 ethics and corporate social responsibility
01 ethics and corporate social responsibility01 ethics and corporate social responsibility
01 ethics and corporate social responsibilityNimantha Perera
 
Week 1.2 ethics and normative standards
Week 1.2 ethics and normative standardsWeek 1.2 ethics and normative standards
Week 1.2 ethics and normative standardsDr. Russell Rodrigo
 
Business & society
Business & societyBusiness & society
Business & societyRajThakuri
 
Code of Conduct Orientation For Startups & Professional Association
Code of Conduct Orientation For Startups & Professional AssociationCode of Conduct Orientation For Startups & Professional Association
Code of Conduct Orientation For Startups & Professional AssociationSherri Douville
 
Ideas for a better world community based human centeric living
Ideas for a better world   community based human centeric livingIdeas for a better world   community based human centeric living
Ideas for a better world community based human centeric livingSumit Misra
 
Engineering and medical ethics.ppt
Engineering and medical ethics.pptEngineering and medical ethics.ppt
Engineering and medical ethics.pptTirusew1
 
Ethical And Unethical Behavior
Ethical And Unethical BehaviorEthical And Unethical Behavior
Ethical And Unethical BehaviorNadine Benavidez
 
National values-assessment-presentation-2012
National values-assessment-presentation-2012National values-assessment-presentation-2012
National values-assessment-presentation-2012SYAREENA Ahmad Sengari
 
UNIT-1 22-23.pptx
UNIT-1 22-23.pptxUNIT-1 22-23.pptx
UNIT-1 22-23.pptxKannanN45
 
Developing Value System in an Organization
Developing Value System in an OrganizationDeveloping Value System in an Organization
Developing Value System in an OrganizationHarshit Ahuja
 

Similar to Global Ethics, The Four Way Test and World Peace (20)

1. moral values & ethics
1. moral values & ethics1. moral values & ethics
1. moral values & ethics
 
Need & relevance of values in management
Need & relevance of values in managementNeed & relevance of values in management
Need & relevance of values in management
 
01 ethics and corporate social responsibility
01 ethics and corporate social responsibility01 ethics and corporate social responsibility
01 ethics and corporate social responsibility
 
Business ethics
Business ethicsBusiness ethics
Business ethics
 
Week 1.2 ethics and normative standards
Week 1.2 ethics and normative standardsWeek 1.2 ethics and normative standards
Week 1.2 ethics and normative standards
 
Business ethics
Business ethicsBusiness ethics
Business ethics
 
Business & society
Business & societyBusiness & society
Business & society
 
Common cause -training
Common cause  -trainingCommon cause  -training
Common cause -training
 
Human Values and Professional Ethics
Human Values and Professional EthicsHuman Values and Professional Ethics
Human Values and Professional Ethics
 
201228429 slideshare
201228429 slideshare201228429 slideshare
201228429 slideshare
 
Code of Conduct Orientation For Startups & Professional Association
Code of Conduct Orientation For Startups & Professional AssociationCode of Conduct Orientation For Startups & Professional Association
Code of Conduct Orientation For Startups & Professional Association
 
Ideas for a better world community based human centeric living
Ideas for a better world   community based human centeric livingIdeas for a better world   community based human centeric living
Ideas for a better world community based human centeric living
 
Engineering and medical ethics.ppt
Engineering and medical ethics.pptEngineering and medical ethics.ppt
Engineering and medical ethics.ppt
 
Ethical And Unethical Behavior
Ethical And Unethical BehaviorEthical And Unethical Behavior
Ethical And Unethical Behavior
 
National values-assessment-presentation-2012
National values-assessment-presentation-2012National values-assessment-presentation-2012
National values-assessment-presentation-2012
 
UNIT-1 22-23.pptx
UNIT-1 22-23.pptxUNIT-1 22-23.pptx
UNIT-1 22-23.pptx
 
Community-Principles-1
Community-Principles-1Community-Principles-1
Community-Principles-1
 
Ethics and stewardship-Jushkevich
Ethics and stewardship-JushkevichEthics and stewardship-Jushkevich
Ethics and stewardship-Jushkevich
 
BFBM(9-2016) Business Ethics & Business Value
 BFBM(9-2016) Business Ethics & Business Value BFBM(9-2016) Business Ethics & Business Value
BFBM(9-2016) Business Ethics & Business Value
 
Developing Value System in an Organization
Developing Value System in an OrganizationDeveloping Value System in an Organization
Developing Value System in an Organization
 

More from Rotary International

THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptx
THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptxTHE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptx
THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptxRotary International
 
IC22 Winning Teams - Nicole Peña.pptx
IC22 Winning Teams - Nicole Peña.pptxIC22 Winning Teams - Nicole Peña.pptx
IC22 Winning Teams - Nicole Peña.pptxRotary International
 
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptx
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptxIC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptx
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptxRotary International
 
Service Ambassadors Presentation.pptx
Service Ambassadors Presentation.pptxService Ambassadors Presentation.pptx
Service Ambassadors Presentation.pptxRotary International
 
DRR Training_The Trainer 2022.pptx
DRR Training_The Trainer 2022.pptxDRR Training_The Trainer 2022.pptx
DRR Training_The Trainer 2022.pptxRotary International
 
Leadership Development Program Presentation.pptx
Leadership Development Program Presentation.pptxLeadership Development Program Presentation.pptx
Leadership Development Program Presentation.pptxRotary International
 
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptx
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptxRI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptx
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptxRotary International
 
IC22 Rotaract Intro to DRR Training.pptx
IC22 Rotaract Intro to DRR Training.pptxIC22 Rotaract Intro to DRR Training.pptx
IC22 Rotaract Intro to DRR Training.pptxRotary International
 
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptx
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptxIC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptx
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptxRotary International
 
IC22 Rotaract Networking Impactful Service Project.pptx
IC22 Rotaract Networking  Impactful Service Project.pptxIC22 Rotaract Networking  Impactful Service Project.pptx
IC22 Rotaract Networking Impactful Service Project.pptxRotary International
 
Membership Engagement Presentation.pptx
Membership Engagement Presentation.pptxMembership Engagement Presentation.pptx
Membership Engagement Presentation.pptxRotary International
 
Nurturing Strategic Partnerships.pdf
Nurturing Strategic Partnerships.pdfNurturing Strategic Partnerships.pdf
Nurturing Strategic Partnerships.pdfRotary International
 
Panel Discussion environment_ (003).pptx
Panel Discussion environment_ (003).pptxPanel Discussion environment_ (003).pptx
Panel Discussion environment_ (003).pptxRotary International
 

More from Rotary International (20)

THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptx
THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptxTHE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptx
THE_PROMOTER_-_DRR_TRAINING_PRECON_2022.pptx
 
RIC 22 MDIO Breakout.pptx
RIC 22 MDIO Breakout.pptxRIC 22 MDIO Breakout.pptx
RIC 22 MDIO Breakout.pptx
 
IC22 Winning Teams - Nicole Peña.pptx
IC22 Winning Teams - Nicole Peña.pptxIC22 Winning Teams - Nicole Peña.pptx
IC22 Winning Teams - Nicole Peña.pptx
 
DRR Training The Organizer.pptx
DRR Training The Organizer.pptxDRR Training The Organizer.pptx
DRR Training The Organizer.pptx
 
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptx
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptxIC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptx
IC22 Rotaract - Keys to level up your influence_Casas&Guerra (2).pptx
 
Service Ambassadors Presentation.pptx
Service Ambassadors Presentation.pptxService Ambassadors Presentation.pptx
Service Ambassadors Presentation.pptx
 
DRR Training_The Trainer 2022.pptx
DRR Training_The Trainer 2022.pptxDRR Training_The Trainer 2022.pptx
DRR Training_The Trainer 2022.pptx
 
Burnout management.pptx
Burnout management.pptxBurnout management.pptx
Burnout management.pptx
 
Leadership Development Program Presentation.pptx
Leadership Development Program Presentation.pptxLeadership Development Program Presentation.pptx
Leadership Development Program Presentation.pptx
 
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptx
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptxRI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptx
RI Convention 2022_Rotaract Pre Convention_2022.06.04 NewGen Peacebuilders.pptx
 
IC22 Rotaract Intro to DRR Training.pptx
IC22 Rotaract Intro to DRR Training.pptxIC22 Rotaract Intro to DRR Training.pptx
IC22 Rotaract Intro to DRR Training.pptx
 
351 930-1020.pptx
351 930-1020.pptx351 930-1020.pptx
351 930-1020.pptx
 
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptx
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptxIC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptx
IC22 Rotaract Precon_Making an Impact Through Rotary Grants.pptx
 
Lets Celebrate Inclusion.pptx
Lets Celebrate Inclusion.pptxLets Celebrate Inclusion.pptx
Lets Celebrate Inclusion.pptx
 
IC22 Rotaract Networking Impactful Service Project.pptx
IC22 Rotaract Networking  Impactful Service Project.pptxIC22 Rotaract Networking  Impactful Service Project.pptx
IC22 Rotaract Networking Impactful Service Project.pptx
 
Membership Engagement Presentation.pptx
Membership Engagement Presentation.pptxMembership Engagement Presentation.pptx
Membership Engagement Presentation.pptx
 
Lessons Learned.pptx
Lessons Learned.pptxLessons Learned.pptx
Lessons Learned.pptx
 
Nurturing Strategic Partnerships.pdf
Nurturing Strategic Partnerships.pdfNurturing Strategic Partnerships.pdf
Nurturing Strategic Partnerships.pdf
 
Panel Discussion environment_ (003).pptx
Panel Discussion environment_ (003).pptxPanel Discussion environment_ (003).pptx
Panel Discussion environment_ (003).pptx
 
General Session June 4.pptx
General Session June 4.pptxGeneral Session June 4.pptx
General Session June 4.pptx
 

Recently uploaded

Green Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsGreen Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsWristbands Ireland
 
Wallet Pitch for startup fintech and loan
Wallet Pitch for startup fintech and loanWallet Pitch for startup fintech and loan
Wallet Pitch for startup fintech and loansujat8807
 
Digital Marketing Training Program skills s
Digital Marketing Training Program skills sDigital Marketing Training Program skills s
Digital Marketing Training Program skills sgodxzyrox
 
NVIDIA's overall business overview Presentation.pptx
NVIDIA's overall business overview Presentation.pptxNVIDIA's overall business overview Presentation.pptx
NVIDIA's overall business overview Presentation.pptxKrutik Rakade
 
Business Models and Business Model Innovation
Business Models and Business Model InnovationBusiness Models and Business Model Innovation
Business Models and Business Model InnovationMichal Hron
 
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)CXO 2.0 Conference
 
Benihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfBenihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfjavenxxx01
 
How The Hustle Milestone Referral Program Got 300K Subscribers
How The Hustle Milestone Referral Program Got 300K SubscribersHow The Hustle Milestone Referral Program Got 300K Subscribers
How The Hustle Milestone Referral Program Got 300K SubscribersFlyyx Tech
 
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024The Vietnam Believer_Newsletter_Vol.001_Mar12 2024
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024believeminhh
 
0311 National Accounts Online Giving Trends.pdf
0311 National Accounts Online Giving Trends.pdf0311 National Accounts Online Giving Trends.pdf
0311 National Accounts Online Giving Trends.pdfBloomerang
 
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAYLouis Malaybalay
 
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptx
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptxStreamlining Your Accounting A Guide to QuickBooks Migration Tools.pptx
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptxPaulBryant58
 
Mist Cooling & Fogging System Company in Saudi Arabia
Mist Cooling & Fogging System Company in Saudi ArabiaMist Cooling & Fogging System Company in Saudi Arabia
Mist Cooling & Fogging System Company in Saudi Arabiaopstechsanjanasingh
 
Strategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateStrategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
 
unfinished legacy it is a clothing brand
unfinished legacy it is a clothing brandunfinished legacy it is a clothing brand
unfinished legacy it is a clothing brandakashm530190
 
Meet Raj Shamani: A Trailblazing Entrepreneur
Meet Raj Shamani: A Trailblazing EntrepreneurMeet Raj Shamani: A Trailblazing Entrepreneur
Meet Raj Shamani: A Trailblazing Entrepreneurramya202104
 
The Smart Bridge Interview now Veranda Learning
The Smart Bridge Interview now Veranda LearningThe Smart Bridge Interview now Veranda Learning
The Smart Bridge Interview now Veranda LearningNaval Singh
 
The 10 Most Influential Women Making Difference In 2024.pdf
The 10 Most Influential Women Making Difference In 2024.pdfThe 10 Most Influential Women Making Difference In 2024.pdf
The 10 Most Influential Women Making Difference In 2024.pdfInsightsSuccess4
 
Optimize Your CRM Customization and Beyond
Optimize Your CRM Customization and BeyondOptimize Your CRM Customization and Beyond
Optimize Your CRM Customization and BeyondBoundify
 

Recently uploaded (20)

Green Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly ProductsGreen Innovations: Wristbands Ireland's Eco-Friendly Products
Green Innovations: Wristbands Ireland's Eco-Friendly Products
 
Wallet Pitch for startup fintech and loan
Wallet Pitch for startup fintech and loanWallet Pitch for startup fintech and loan
Wallet Pitch for startup fintech and loan
 
Digital Marketing Training Program skills s
Digital Marketing Training Program skills sDigital Marketing Training Program skills s
Digital Marketing Training Program skills s
 
NVIDIA's overall business overview Presentation.pptx
NVIDIA's overall business overview Presentation.pptxNVIDIA's overall business overview Presentation.pptx
NVIDIA's overall business overview Presentation.pptx
 
Business Models and Business Model Innovation
Business Models and Business Model InnovationBusiness Models and Business Model Innovation
Business Models and Business Model Innovation
 
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)
CXO 2.0 Conference (Event Information Deck | Dec'24-Mar'25)
 
Benihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdfBenihana of Tokyo case study11111111.pdf
Benihana of Tokyo case study11111111.pdf
 
How The Hustle Milestone Referral Program Got 300K Subscribers
How The Hustle Milestone Referral Program Got 300K SubscribersHow The Hustle Milestone Referral Program Got 300K Subscribers
How The Hustle Milestone Referral Program Got 300K Subscribers
 
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024The Vietnam Believer_Newsletter_Vol.001_Mar12 2024
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024
 
WAM Corporate Presentation Mar 12 2024.pdf
WAM Corporate Presentation Mar 12 2024.pdfWAM Corporate Presentation Mar 12 2024.pdf
WAM Corporate Presentation Mar 12 2024.pdf
 
0311 National Accounts Online Giving Trends.pdf
0311 National Accounts Online Giving Trends.pdf0311 National Accounts Online Giving Trends.pdf
0311 National Accounts Online Giving Trends.pdf
 
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY
3BBE: THE FUTURE OF ECOMMERCE PRESENTATION - LOUIS MALAYBALAY
 
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptx
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptxStreamlining Your Accounting A Guide to QuickBooks Migration Tools.pptx
Streamlining Your Accounting A Guide to QuickBooks Migration Tools.pptx
 
Mist Cooling & Fogging System Company in Saudi Arabia
Mist Cooling & Fogging System Company in Saudi ArabiaMist Cooling & Fogging System Company in Saudi Arabia
Mist Cooling & Fogging System Company in Saudi Arabia
 
Strategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 UpdateStrategic Resources Corporate Presentation - March 2024 Update
Strategic Resources Corporate Presentation - March 2024 Update
 
unfinished legacy it is a clothing brand
unfinished legacy it is a clothing brandunfinished legacy it is a clothing brand
unfinished legacy it is a clothing brand
 
Meet Raj Shamani: A Trailblazing Entrepreneur
Meet Raj Shamani: A Trailblazing EntrepreneurMeet Raj Shamani: A Trailblazing Entrepreneur
Meet Raj Shamani: A Trailblazing Entrepreneur
 
The Smart Bridge Interview now Veranda Learning
The Smart Bridge Interview now Veranda LearningThe Smart Bridge Interview now Veranda Learning
The Smart Bridge Interview now Veranda Learning
 
The 10 Most Influential Women Making Difference In 2024.pdf
The 10 Most Influential Women Making Difference In 2024.pdfThe 10 Most Influential Women Making Difference In 2024.pdf
The 10 Most Influential Women Making Difference In 2024.pdf
 
Optimize Your CRM Customization and Beyond
Optimize Your CRM Customization and BeyondOptimize Your CRM Customization and Beyond
Optimize Your CRM Customization and Beyond
 

Global Ethics, The Four Way Test and World Peace

  • 1. Rotary Four-Way Test and Promoting Social Justice through Good Business
  • 2. Rotary Four-Way Test • Of the things we think, say or do • Is it the TRUTH? • Is it FAIR to all concerned? • Will it build GOODWILL and BETTER FRIENDSHIPS? • Will it be BENEFICIAL to all concerned?
  • 3. TRUTH There is something higher and more universal than our own will or self-interest Something we cannot change even if we want to Implication: we are part of a large whole, our lives are bound up in the lives of others
  • 4. FAIR There is imbalance and a disturbance if we take out too much for ourselves or pay too much attention to our own emotions and needs Implication: reciprocity and equilibrium are essential in life; extremism brings on negative consequences
  • 5. Goodwill/Better Friendships What others think of us matters. We can prosper more and be happier when we have good relationships with people who like and respect us. Implication: Many assets are intangible
  • 6. Beneficial to All If we do live within a larger order, that which is of benefit to more than ourselves improves the order from which we derive our being and our well-being Implication: Providing Benefits to others unselfishly elevates our sense of well-being and goodness
  • 7. GLOBAL CSR MOVEMENT European Definition: “the responsibility of enterprises for their impacts on society” To fully meet their corporate social responsibility, enterprises should have in place a process to integrate social, environmental, ethical, human rights and consumer concerns into their business operations and core strategy in close collaboration with their stakeholders, with the aim of: – maximising the creation of shared value for their owners/shareholders and for their other stakeholders and society at large; – identifying, preventing and mitigating their possible adverse impacts.
  • 8. Care About Stakeholders Four-Way Test can be implemented in business by using it to take care of stakeholders - Truth tells us that stakeholders are important - Fairness includes interests of stakeholders - Goodwill/better friendships is ethical guide to good management of stakeholder relationships - Beneficial to all – business practices are win/win, not win/lose; shared value; avoid negative externalities
  • 9. Stakeholders - Customers – moral compass for capitalism - Employees – moral agents, not parts for a machine - Owners and Investors – fiduciary duties of loyalty and due care - Suppliers – friends, not foes - Competitors – compete with quality and innovation, not price - Communities – enhance social capital to enhance future profitability
  • 10. Business People Politics, Government, Law and Regulation; Sociology; Psychology; History; Anthropology; Arts and Literature; Economics; Sciences Ethical Environment of Business
  • 12. 12 What is the fair value of an investment in business? • Quality Income Stream • High net present discounted value • Good capitalization multiplier Good Corporate Value (Warren Buffet would buy it)
  • 13. 13 Today where does most corporate value come from? Intangible Assets!
  • 14. 14 S&P 500 Companies 80% of market value comes from: Intangible Assets Source: Monks/Lajoux, Corporate Valuation
  • 15. 15 How do you manage risk? -Each risk hides in a relationship - customers - investors - government regulation - employees -Each relationship is an intangible asset of the business (Assets can Appreciate or Depreciate). -Lowering risk for each relationship enhances the quality of intangible assets and increases business valuation
  • 17. 17 Capital Accounts Capital Accounts are your defense against risk and your resource base for competitive initiatives Finance Capital Physical Capital Human Capital Reputation Capital Social Capital
  • 18. 18 How Can you Measure and, therefore, Manage Stakeholder Relationships And all a company’s Capital Accounts?
  • 19. 19 ASK QUESTIONS! Assess the Quality of your relationships
  • 20. 20 Category 1. Fundamental Duties 2. Customer s 3. Employee s 4. Owners / Investor s 5. Suppliers / Partners 6. Competitors 7. Communit ies 1. Responsi- bilities of Business Criterion 1.1 Criterion 1.2 Criterion 1.3 Criterion 1.4 Criterion 1.5 Criterion 1.6 Criterion 1.7 2. Economic and Social Impact of Business Criterion 2.1 Criterion 2.2 Criterion 2.3 Criterion 2.4 Criterion 2.5 Criterion 2.6 Criterion 2.7 3. Business Behavior Criterion 3.1 Criterion 3.2 Criterion 3.3 Criterion 3.4 Criterion 3.5 Criterion 3.6 Criterion 3.7 4. Respect for Rules Criterion 4.1 Criterion 4.2 Criterion 4.3 Criterion 4.4 Criterion 4.5 Criterion 4.6 Criterion 4.7 5. Support for Multi- lateral Trade Criterion 5.1 Criterion 5.2 Criterion 5.3 Criterion 5.4 Criterion 5.5 Criterion 5.6 Criterion 5.7 6. Respect for the Environment Criterion 6.1 Criterion 6.2 Criterion 6.3 Criterion 6.4 Criterion 6.5 Criterion 6.6 Criterion 6.7 7. Avoidance of Illicit Operations Criterion 7.1 Criterion 7.2 Criterion 7.3 Criterion 7.4 Criterion 7.5 Criterion 7.6 Criterion 7.7 Arcturus Risk Assessment Instrument – Criteria Matrix
  • 21. 21 The Corporate Improvement Cycle Performance Improvement Performance Feedback to Management Management Action CRT Assessment