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Chapter 4

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Chapter 4 Chapter 4 Presentation Transcript

  • Chapter 4 Social Responsibility of Business and Government
  • Social Responsibility • The duty by a business to contribute to the well-being of a community. • Includes: – – – – Protection to the environment Minorities and women in the workplace Employment of the physically challenged Healthy and safe work environment
  • Environmental Protection • Non-renewable Resource – A natural resource that cannot be replaced when used up. – Gas, oil, minerals (copper and iron) A socially responsible business takes actions that improve or change operations that cause pollution.
  • Environmental Protection Example: Starbucks uses recycled material for their coffee cup sleeves saving 78,000 trees per year.
  • Environmental Protection Example: Toyota offers the Prius that is the first mass market hybrid vehicle.
  • Environmental Protection Example: Run and operate an “e-waste” program for disposing of and recycling old computers.
  • Workplace Diversity • More sensitive to the roles of women, ethnic groups, and older workers. • ADA – Americans with Disabilities Act • “Equal Opportunity Employer”
  • Job Safety and Employee Wellness • OSHA – Occupational Safety and Health Administration • Promoting good health through the workplace
  • Business Ethics Ethics – Principles of morality or rules of conduct Business Ethics – Rules about how businesses and their employees ought to behave Code of Ethics – Set of rules for guiding the actions of employees or members of an organization.
  • Business Ethics Checklist • Is the action illegal? • Does the action violate company or professional standards? • Who is affected, and how, by the action?
  • Trademark • A trademark is word, letter, or symbol linked with a specific company or product. • Company names, team emblems, label designs, logos, etc.
  • Copyright • A copyright protects the creative work of authors, composers and artists. • Copyright protection lasts for the life of the person receiving the copyright.
  • Patent • Give the inventor the sole right to make, use, or sell the item for 17 years.