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Business Ethics &Social Responsibility<br />How can those concepts help us in our business?<br />
Current problems we are facing:<br />Waste of valuable resources<br />Child labor<br />Discarding of new unworn garments<b...
Consequences we are facing<br />Angry media<br />Angry customers<br />Angry investors<br />                Public humiliat...
Is this right? <br />Child labor?<br />Wasting valuable resources?          <br />Discarding new unsold clothing?			<br />...
What are Ethics and Social Responsibility?<br />Ethics: To do what is right<br />Corporate Social Responsibility: Doing th...
Why should we bother?<br />Doing the right thing is the right thing to do!<br />Child labor is wrong!<br />Wasting valuabl...
How can we do that?<br />Business Ethics & Social Responsibility<br />7<br />Immediately inspect all our production sites ...
Is that enough?<br />NO!<br />We need a new vision & mission <br />We need an ethics program<br />We will adhere by the et...
What is the benefit?<br />Paying respect to the environment<br />Paying respect to labor laws<br />Paying respect to our e...
Conclusion<br />We acknowledge our wrongdoing<br />We take responsibility<br />We will immediately make changes to <br /> ...
Business Ethics & Social Responsibility<br />Authorized by Paul President & CEO on Feb. 10, 2010<br />Prepared by XXXXX, p...
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Business Ethics & Social Responsibility

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about social responsibility and business ethics

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Transcript of "Business Ethics & Social Responsibility"

  1. 1. Business Ethics &Social Responsibility<br />How can those concepts help us in our business?<br />
  2. 2. Current problems we are facing:<br />Waste of valuable resources<br />Child labor<br />Discarding of new unworn garments<br />2<br />Business Ethics & Social Responsibility<br />
  3. 3. Consequences we are facing<br />Angry media<br />Angry customers<br />Angry investors<br /> Public humiliation<br /> Drop in sales by 12%<br />3<br />Business Ethics & Social Responsibility<br />
  4. 4. Is this right? <br />Child labor?<br />Wasting valuable resources? <br />Discarding new unsold clothing? <br /> What does this have to do with?<br />Ethics & Social Responsibility<br />NO!<br />4<br />Business Ethics & Social Responsibility<br />
  5. 5. What are Ethics and Social Responsibility?<br />Ethics: To do what is right<br />Corporate Social Responsibility: Doing the right thing in business by making decisions that are right for the environment, consumers, employees, communities, stakeholders and all other members of the public sphere<br /> (profits are only one set of rule that govern business1)<br />5<br />Business Ethics & Social Responsibility<br />1Beatty, J. F., & Samuelson, S. S. (2007). Essentials of business law. Mason, OH: Cengage Advantage Books.<br />
  6. 6. Why should we bother?<br />Doing the right thing is the right thing to do!<br />Child labor is wrong!<br />Wasting valuable resources is wrong!<br />Discarding new garments is wrong!<br />(think about it!)<br />6<br />Business Ethics & Social Responsibility<br />
  7. 7. How can we do that?<br />Business Ethics & Social Responsibility<br />7<br />Immediately inspect all our production sites and stop child labor<br />Monitor water use and set goals to limit water usage at our production sites<br />Stop discarding new clothing and give it to charities (homeless, Haiti earthquake survivors, etc.)<br />
  8. 8. Is that enough?<br />NO!<br />We need a new vision & mission <br />We need an ethics program<br />We will adhere by the ethics program <br />Everyone in our company will participate <br />We will be transparent and accountable<br />8<br />Business Ethics & Social Responsibility<br />
  9. 9. What is the benefit?<br />Paying respect to the environment<br />Paying respect to labor laws<br />Paying respect to our employees, customers, investors, & community<br /> =<br /> Feeling good & respected as a company + competitive advantage in the long run.<br />9<br />Business Ethics & Social Responsibility<br />
  10. 10. Conclusion<br />We acknowledge our wrongdoing<br />We take responsibility<br />We will immediately make changes to <br /> address unethical behaviors <br />We will set up an ethics program<br />These actions will make us feel good and help regain confidence & respect among our stakeholders.<br />10<br />Business Ethics & Social Responsibility<br />
  11. 11. Business Ethics & Social Responsibility<br />Authorized by Paul President & CEO on Feb. 10, 2010<br />Prepared by XXXXX, public relations officer<br />Please email or call for any questions or concerns<br />tmuniz@ourcompany.com<br />Tel. 1-888-534-4501 ext. 43<br />11<br />Business Ethics & Social Responsibility<br />
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