Impacts of    Businesses on     Community                 Wali Memon1   Wali Memon
External Influences2   Wali Memon
Business Ethics3   Wali Memon
Business Ethics      Rules or standards governing      the conduct of a business      Moral code – what is ‘right’      an...
Stakeholders5   Wali Memon
Stakeholders    Responsibilities to stakeholder groups:      Shareholders – Generate profits      and pay dividends      C...
Stakeholders      Local Community – provide      employment, safe working environment,      minimise pollution and negativ...
Moral Behaviour8   Wali Memon
Business Ethics    Tensions:       Profits versus higher wages       Expansion versus development       Production versus ...
Business Ethics     Examples:       Production of childrens toys       Coffee industry       Baby milk       Music industr...
Business Ethics     Solutions:              Taxation              Self Regulation              Subsidies              Gove...
Social and Environmental Audits12   Wali Memon
EnvironmentUrban blight – excessive development, inappropriatedevelopment,use of greenbelt landWaste – land-fill? re-cycli...
Externalities       Impact on a third party       of a business decision              Those affected not involved         ...
Externalities       Positive Externalities:              Benefits to third parties of business activity              e.g. ...
Externalities       Out of town shopping centres:              Highlights complexity              of the interaction of po...
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Businesses and Community

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Businesses and Community

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Businesses and Community

  1. 1. Impacts of Businesses on Community Wali Memon1 Wali Memon
  2. 2. External Influences2 Wali Memon
  3. 3. Business Ethics3 Wali Memon
  4. 4. Business Ethics Rules or standards governing the conduct of a business Moral code – what is ‘right’ and what is ‘wrong’? Highly subjective nature Tension between different stakeholders4 Wali Memon
  5. 5. Stakeholders5 Wali Memon
  6. 6. Stakeholders Responsibilities to stakeholder groups: Shareholders – Generate profits and pay dividends Customers – provide good quality products at reasonable prices. Safety, honesty, decency and truthfulness Employees – health and safety at work, security, fair pay Suppliers – pay on time, pay fair rates for the work done, provide element of security6 Wali Memon
  7. 7. Stakeholders Local Community – provide employment, safe working environment, minimise pollution and negative externalities – provide external benefits? Government – abide by the law, pay taxes, abide by regulations Management – their aims versus those of the organisation as a whole Environment – limit pollution, congestion, environmental degradation, development, etc.7 Wali Memon
  8. 8. Moral Behaviour8 Wali Memon
  9. 9. Business Ethics Tensions: Profits versus higher wages Expansion versus development Production versus pollution Supplier benefits versus consumer prices/lower costs Survival of the business versus needs of stakeholders9 Wali Memon
  10. 10. Business Ethics Examples: Production of childrens toys Coffee industry Baby milk Music industry Multi-national operations McDonalds – food quality, litter Chocolate industry Jewellery – diamonds and gold Chemical industry10 Wali Memon
  11. 11. Business Ethics Solutions: Taxation Self Regulation Subsidies Government/EU regulation Legislation Pressure Groups Improve competition and contestability of markets Social and Environmental Audits11 Wali Memon
  12. 12. Social and Environmental Audits12 Wali Memon
  13. 13. EnvironmentUrban blight – excessive development, inappropriatedevelopment,use of greenbelt landWaste – land-fill? re-cycling? burning?Energy use – renewable energy,non-renewable resourcesGlobal Warming – fact or fiction?Pollution: Noise Air Land Sea Water 13 Wali Memon
  14. 14. Externalities Impact on a third party of a business decision Those affected not involved in the decision Negative externalities – negative effects of business activity – pollution, urban development, etc e.g. out of town shopping centres – impact on city centres14 Wali Memon
  15. 15. Externalities Positive Externalities: Benefits to third parties of business activity e.g. new infrastructure as a result of development, side effects of research and development, technology (the Internet?), convenience, improved standards of living Out of town shopping centres – greater ease of access, everything in one place, pleasant environment to shop in, etc.15 Wali Memon
  16. 16. Externalities Out of town shopping centres: Highlights complexity of the interaction of positive and negative externalities Government policies – encourage business activity that leads to positive externalities and discourage those that lead to negative externalities16 Wali Memon

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