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Introduction to Business Chap 04 edited oct 2012


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Introduction to Business Chap 04 edited oct 2012

  1. 1. Chapter 4 Social Responsibility of Business and Government 4-1 Social Responsibility 4-2 Government Protection Activities 4-3 Government Regulation and Assistance Introduction to Business © Thomson South-Western
  2. 2. MEDIA TOMS – WORLD SIGHT DAY TOMS – ONE FOR ONE CAMPAIGN TOMS – THANK YOU MCDONALDS – Social ResponsibilityChapter 4 Introduction to BusinessSlide 2 © Thomson South-Western
  3. 3. LESSON 4-1Social ResponsibilityGoals Describe social responsibility issues. Identify benefits and costs of social responsibility. Explain the purpose of a code of ethics.Chapter 4 Introduction to BusinessSlide 3 © Thomson South-Western
  4. 4. SOCIAL RESPONSIBILITYISSUES Environmental protection Workplace diversity Job safety Employee wellnessChapter 4 Introduction to BusinessSlide 4 © Thomson South-Western
  5. 5. Environment Protection Conversation: saving scarce natural resources - i.e. reforestation Non-renewable resources: natural resource that can’t be replaced (ex. Gas-oil-minerals- copper-iron ore Pollution: By products human actions – Gov’t regulated by the EPA EPA is Environmental Protection AgencyChapter 4 Introduction to BusinessSlide 5 © Thomson South-Western
  6. 6. Workplace Diversity Workforce of the business should reflect groups in the community Removal employment barriers women Employers not allowed to exclude women applicants from physically demanding job ADA – American’s with Disability Act – accommodates workers with physical challenges.Chapter 4 Introduction to BusinessSlide 6 © Thomson South-Western
  7. 7. Workplace Diversity cont’d Age Discrimination Act: prohibits bias for employment decisions – hiring, promotions, or termination – 40 and older.Chapter 4 Introduction to BusinessSlide 7 © Thomson South-Western
  8. 8. Job Safety Free from risks that could cause accidents Workers know how to expect and manage the unexpected Employee training how to work safely/emergency OSHA Occupational Safety and Health Administration Chapter 4 Introduction to Business Slide 8 © Thomson South-Western
  9. 9. Employee Wellness Healthy workforce is a productive workforce Good physical health are valuable assets Ex: Stop smoking seminars, counseling, weight loss sessions “Conditions of work” contractChapter 4 Introduction to BusinessSlide 9 © Thomson South-Western
  10. 10. >> C H E C K P O I N TWhat are four areas of socialresponsibility that may require theattention of business?Chapter 4 Introduction to BusinessSlide 10 © Thomson South-Western
  11. 11. SOCIAL RESPONSIBILITYEVALUATION Benefits  Expanded justice for groups of a society  Enhanced company image  Reduced need for government actions  Improved quality of life in a community and around the world  Increased awareness of social issues among workers, consumers, and othersChapter 4 Introduction to BusinessSlide 11 © Thomson South-Western
  12. 12. SOCIAL RESPONSIBILITYEVALUATION (continued) Costs  New nonpolluting or safer equipment  Building repairs to remove risks  Wellness and rehabilitation programs  Social projects sponsored by a companyChapter 4 Introduction to BusinessSlide 12 © Thomson South-Western
  13. 13. >> C H E C K P O I N TWhat are the main benefits of socialresponsibility?Chapter 4 Introduction to BusinessSlide 13 © Thomson South-Western
  14. 14. BUSINESS ETHICS Ethics are principles of morality or rules of conduct. **Rules about how businesses and employees ought to behave Code of Ethics: help business identify proper employee-behavior. It is a set of rules – guides actions of employees and members of organization. Conflict of interest: action by a company or individual results in an unfair-benefit (ex. Board member) There are also professional Codes of ConductChapter 4 Introduction to BusinessSlide 14 © Thomson South-Western
  15. 15. >> C H E C K P O I N TWhat is the purpose of a code of ethics?Chapter 4 Introduction to BusinessSlide 15 © Thomson South-Western
  16. 16. LESSON 4-2Government ProtectionActivitiesGoals Identify the roles and levels of government. Explain government protection activities. Describe types of intellectual property.Chapter 4 Introduction to BusinessSlide 16 © Thomson South-Western
  17. 17. GOVERNMENT IN SOCIETY (continued) Roles of government  Providing services for members of society  Protecting citizens, consumers, businesses, and workers  Regulating utilities and promoting competition  Providing information and support to businesses  Buying goods and services  Hiring public employees  Raising revenueChapter 4 Introduction to BusinessSlide 17 © Thomson South-Western
  18. 18. GOVERNMENT IN SOCIETY (continued) Levels of government  Federal government  State government  Local governmentChapter 4 Introduction to BusinessSlide 18 © Thomson South-Western
  19. 19. FEDERAL GOVERNMENT Oversees the activities that involve two or more states or other countries. Regulates foreign and interstate commerceChapter 4 Introduction to BusinessSlide 19 © Thomson South-Western
  20. 20. STATE GOVERNMENTS Regulate business actions within their own borders Assign some of their legislative power to local governmentsChapter 4 Introduction to BusinessSlide 20 © Thomson South-Western
  21. 21. LOCAL GOVERNMENTS Include county boards and city or town councils Provide services needed for an orderly society, such as police and fire protectionChapter 4 Introduction to BusinessSlide 21 © Thomson South-Western
  22. 22. >> C H E C K P O I N TWhat are the three levels of government?Chapter 4 Introduction to BusinessSlide 22 © Thomson South-Western
  23. 23. GOVERNMENTPROTECTION ACTIVITIES Worker protection Contract enforcementChapter 4 Introduction to BusinessSlide 23 © Thomson South-Western
  24. 24. >> C H E C K P O I N TWhat are the main elements of acontract?Chapter 4 Introduction to BusinessSlide 24 © Thomson South-Western
  25. 25. PROTECTION OFINTELLECTUAL PROPERTY Patents Copyrights TrademarksChapter 4 Introduction to BusinessSlide 25 © Thomson South-Western
  26. 26. >> C H E C K P O I N TWhat are three types of intellectualproperty?Chapter 4 Introduction to BusinessSlide 26 © Thomson South-Western
  27. 27. LESSON 4-3Government Regulationand AssistanceGoals Explain actions by government to regulate business. Discuss efforts of government to assist businesses. Identify methods used by government to raise money.Chapter 4 Introduction to BusinessSlide 27 © Thomson South-Western
  28. 28. Key Terms public utility monopoly antitrust laws revenueChapter 4 Introduction to BusinessSlide 28 © Thomson South-Western
  29. 29. REGULATORY ACTIVITIES Regulation of utilities Prevent unfair business practicesChapter 4 Introduction to BusinessSlide 29 © Thomson South-Western
  30. 30. >> C H E C K P O I N TWhy does government regulate utilities?Chapter 4 Introduction to BusinessSlide 30 © Thomson South-Western
  31. 31. GOVERNMENT ASSISTSBUSINESS Government buys goods and services Government employs workersChapter 4 Introduction to BusinessSlide 31 © Thomson South-Western
  32. 32. >> C H E C K P O I N THow does government assist business?Chapter 4 Introduction to BusinessSlide 32 © Thomson South-Western
  33. 33. GOVERNMENT RAISESMONEY Taxes BorrowingChapter 4 Introduction to BusinessSlide 33 © Thomson South-Western
  34. 34. >> C H E C K P O I N TWhat is the difference between taxrevenue and borrowing by government?Chapter 4 Introduction to BusinessSlide 34 © Thomson South-Western