Social responsibility of business management ethics
SOCIAL RESPONSIBILITY OF BUSINESS MANAGEMENT ETHICS Presentation prepared By Name: Vinodh Class: Munjals Reg NO: 11MBAMU47 SVCCAM
Introduction to Management & society Social development is the main aim of any form of organization all over the world. Therefore, business has certain responsibility towards the society. Management are expected to follow the value of the society they work in. In India, everyone is competing for products and profits, but many org does’nt fulfilling their responsibilities.
Meaning & Definition 0f Management & Social responsibilityManagement It means art or skills of directing human activitiesand physical resources in the attainment of predeterminedgoals. According to Henry Fayol, “To manage is to forecastand plan, to organize, to command, to coordinate, andcontrol”. According to Louis Allen, “Management is whatmanagers does in the organisations”.
Social Responsibility These are basic obligations of businessorganisations. These are described in terms of obligationsof business towards the various interest groups. According to K.R. Andrews, “conceptually socialresponsibilities may be taken to mean intelligent andobjective concern for the welfare of the society”.
Areas of social responsibilities Ecology & environmental Quality To maintain a pollution free environment. To ensure spread of industries. To ensure proper land use. consumption To provide true & fair business dealings. To provide product warranty & services. Adequate information about the product.
community needs. Provide expert service for local problems. Ensure healthcare facilitates & educations. Govt and labour relation Encourage restriction on lobbying. employee education & training. provide flexible working time. Shareholders relations take care of shareholders interest.
Obligation towards different group EmployeeCommunity Owners BUSINESS Customers Suppliers Government
Introduction to managerial Business EthicsMeaning & Definition The word “ethics ”is derived from the Greek word“Ethos”, which refers to character, beliefs, community orpeople. at present it represents in two ways: a) As a field of study. b) As a behavioural pattern.According to Webster “Ethics is the discipline dealing withthat which is good and bad and with moral andobligation”.
Examples of Managerial Ethicsa) Give fair & equitable treatment to the employee.b) To charge fair weights for measurement ofcommodities.c) To charge fair prices from the customers.d) To pay tax to government & other bodies commonly.e) To earn reasonable profits.f) To become a good corporate citizen.
Nature of managerial Ethicsa) Business ethics are important in all types of business- large or small, manufacturing or services.b) Its above lawc) Its dynamic term and may change over timed) Systematic handling of values in business & industrye) Specialised study of moral right or wrong.f) It concentrated on moral standard as they apply to business policies, institutions and behaviour.
Difference between Ethics & Social responsibilities.a) Ethics provide guidelines for human behaviour in every field, whether organisational or non-organisational. BUT Social responsibilities works in organisational context.Thus, implication of ethics are much wider than those ofsocial responsibility.a) Ethics is concerned with micro aspect that is, relating to daily operating decisions with limited social impact. BUT Social responsibility is concerned with macro aspectrelating to decisions with broad implications for a largesegment of the society.
Tools of Ethicsa) Values.b) Rights & Duties.c) Moral rules.d) Human Relationships.e) Common Morality: 1) promise keeping 2) normal evidence 3) mutual aid 4) respect for persons & property
Ethical Issues In Managementa) Self dealingb) Information manipulationc) Opportunistic exploitationd) Substandard working conditionse) Environmental degradationf) Corruption