Business Ethics

1. Outcome 5
Ethics and Corporate Social Responsibility

2. Stakeholders of an organization
Competitors Society

3. Stakeholders of organization
Stakeholder
• is an individual or a group
• who can affect or is affected by the
organization’s objectives.

4. Stakeholders of organization
Stakeholder
• is an individual or a group
• which either is harmed by or benefited from
the organization.

5. Corporate Social Responsibility
Responsibilities and obligations that an
organization should commit to the society are
called as ‘Corporate Social Responsibility (CSR)’.

6. Types of
Corporate Social Responsibility
A. Economic Responsibility
B. Environmental Responsibility
C. Philanthropic Responsibility
D. Legal Responsibility

7. A. Economic Responsibility
• To make profit
• To produce jobs
• To give good wages to work force
• To search technological improvements
• To develop new products

8. B. Environmental Responsibility
• Adoption of high-tech technology to protect
water, soil, and air
• To abide by the national and international
environmental laws
• To encourage green concept in the company

9. Encourage green concept
• Reduce plastic bag usage
• Proper disposal of wastes

11. C. Philanthropic Responsibility
Philanthropic responsibility means the
obligation of an organization in promoting
human welfare and goodwill.
•Give donation of money for poor people’s
education, housing, health, etc.
•Assist governments and social agencies during
natural calamities such as earthquakes, tsunami,
etc.

12. D. Legal Responsibility
• To carry out the organization’s operations
accordance with the government laws and
regulations.

13. 5.3 Advertisement Ethics
Companies should uphold truthfulness, social
responsibility, and human dignity in their
advertisement practices.

14. Product safety
Organizations are legally obliged to supply
products and services which are safe and fit for
the purpose for which it was made.