Business Ethics: Factors to Consider for Socially Responsible Project/Programs

1. Factors to Consider for
Socially Responsible
Project/Programs

2. "What are the factors
needed for successful
projects?"

3. Triple Constraints
 Interacting constraints
 A successful project
balances these
constraints
 Given we can't have
unlimited resources or
unlimited time, we need
to manage all three
constraints
 Project management
gives the tools to do this

4. Factors Shared by Successful
Projects

Clear and agreed objectives

Committed and effective team

Planning

Management controls

Repeated reappraisal

Communication

5. Clear and agreed objectives

discuss with
stakeholders, people
having the problem /
who will use the end
product

discuss with senior
management and
other stakeholders

formal requirements
documentation signed
off

6. Committed and effective team

learned and are
eager to achieve
objectives

have the skills
necessary to do
this

likely to be in
place through the
project

7. Planning

route map from
problem to the
solution

detailed enough
to assign work

flexible enough
to adapt to
surprises

8. Management Controls
 track work being done
 identify and deal with
risks and issues
 formal change control
process
 budgetary
management
http://www.flickr.com/photos/john_hall_associates/3101529798/

9. Repeated Reappraisals

Has the
environment
changed?

Have likely costs
increased, or
benefits
reduced?

Is the project still
needed?

10. Communication

ties everything else
together

builds strong team

keeps stakeholders
on board

provides yourself
and others with the
information needed

11. Why is it important to have Socially
Responsible Projects/Programs
The general public in industrialized nations
has an appetite for Socially Responsible
Projects/Programs. GlobeScan notes that “if
properly positioned, reports may be viewed as a
new corporate communications tool for
companies, one that could be particularly effective
in our ”show me world”

12. Benefits for firms implementing
Socially Responsible Projects/
Programs
•Improved competitiveness and market positioning.
•Improved ability to attract and build efficient supply
chain relationships.
•Enhance ability to address change.
•Gain of “Social License” to operate in the community.
•Improved relations with regulators.

13. •Finally, the best environmental, socially responsible,
and governance programs create financial value for a
company in ways that the market already assesses.

14. Ten Steps for Starting a Social
Responsibility Program
1. Prepare a “social responsibility inventory” of what
your company is doing right now.
2. Enter into a dialogue with your company’s
stakeholders and find out what is meaningful to
them.
3. Establish relationships with key members of your
community (i.e. trade associations, government,
major charities) to see if there are specific needs that
your company is particularly well suited to address
due to its specific competencies.

15. 4. Review stakeholder relationships and assess how
they affect the company and vice versa.
5. Make sure all level of the company are involved in
a social responsibility program from upper management
to front-line employees.
6. A social responsibility plan must translate into
concrete actions identifying those responsible for
making things happen, the authority they have for
carrying it out, resources to be used, stages and
deadlines and the priorities to be pursued.
7. The company’s approach to social responsibility
should reflect the company’s way of doing business—it
should not be delivered in a different.

16. 8. Actions should be undertaken commensurate
with the resources of the company, otherwise it will not
be sustainable and it will end up being a short term fad
or ill-conceived public relations exercise.
9. A company should pick a charitable group to
support that dovetails with its core competencies. This
will allow the company to have its most significant
community impact.
10.Finally, there must be way to evaluate the social
responsibility plan.
By following these ten steps a companies can get
started on the road to becoming a socially responsible
company.

17. Sources:
•http://www.slideshare.net/trevroberts/fa
ctors-for-successful-projects
•http://www.ic.gc.ca/eic/site/csr-
rse.nsf/eng/rs00129.html
•http://www.techvibes.com/blog/do-
good-dont-talk-good-ten-steps-for-
starting-a-social-responsibility-program
Retrieved: March 13, 2014

18. Prepared by:
CJ Fajilan
&
Ely Barnachea
BBTE 2-1