Management by Stoner Chapter 4
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This document discusses corporate social responsibility and ethics. It defines corporate social responsibility as what organizations do to influence society, such as volunteer programs. It provides examples of socially responsible practices like hiring ex-convicts and homeless people and donating profits to charity. The document also discusses the changing views of social responsibility over time and debates between thinkers like Andrew Carnegie who advocated for social stewardship and Milton Friedman who argued that the only social responsibility of business is to increase profits. It describes approaches like corporate social responsiveness and performance and how ethics and social issues should be incorporated into business decision making.
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This document discusses social responsibility and ethics for business. It covers stakeholder theory, corporate social responsibility, ethical decision-making, and how companies can encourage ethical behavior. Specifically, it defines key concepts like stakeholders, CSR perspectives, ethical dilemmas managers may face, and strategies companies use like codes of ethics and training to foster ethical culture. The implications for leaders are to make ethics and social responsibility a priority through various policies and communications with employees.
Managerial Ethics And Corporate Social Responsibility
MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And World Managerial Ethics And Corporate Social Responsibility
Professional ethics
Professional ethics are principles that govern the behavior of a person or group in a business environment. Like values, professional ethics provide rules on how a person should act towards other people and institutions in such an environment.Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.
Ethics and Social Responsibility
The document discusses ethics and social responsibility in business. It defines ethics and explains approaches to ethical decision making, including utilitarian, individualism, moral rights, and justice approaches. It also discusses factors that shape ethical choices at the individual manager level and organizational level. The document defines corporate social responsibility and stakeholders, and describes approaches to environmental responsibility and creating an ethical organization through leadership and systems.
Introduction to managemen
The document discusses ethics and social responsibility in business. It defines ethics and explains approaches to ethical decision making, including utilitarian, individualism, moral rights, and justice approaches. It also discusses factors that shape ethical choices at the individual manager level and organizational level. The document defines corporate social responsibility and stakeholders, and describes approaches to environmental responsibility and creating an ethical organization through leadership and systems.
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This 3-unit course focuses on concepts of good governance and social responsibility. It analyzes the business framework for good governance and discusses laws affecting business ethics. It presents values and moral standards to strengthen organizational behavior. The course combines theory with real-world examples to inspire students to become responsible leaders. It defines ethics, business ethics, and discusses approaches like utilitarianism, deontology, and virtue ethics. It outlines 12 ethical principles for honest, trustworthy, fair, and law-abiding leadership that respects others and pursues excellence while balancing reputation and accountability. The document notes challenges of globalization, diversity, and ensuring ethics guides governance over profit.
Chapter 5: Social and Ethical Responsibility
This document discusses social and ethical responsibility in business. It defines ethics and differentiates between morality and ethics. It also discusses factors that influence unethical behavior and how to manage ethical dilemmas. Maintaining ethical practices is important for businesses to keep customers, attract new customers, avoid lawsuits, and reduce employee turnover. The document also defines social responsibility and sustainable development, and explains the pyramid of corporate social responsibility which includes economic, legal, ethical and voluntary dimensions.
Corporate Social Responsibility.pptx
This chapter discusses the evolving concept of corporate social responsibility from philanthropic donations to expanded stakeholder responsibilities. It outlines Merck's donation of an anti-parasitic drug to help treat river blindness. Over time, stakeholder groups gained influence and ethical standards matured, requiring corporations to consider broader social impacts. Today, global norms and regulatory systems have developed to promote responsible business practices internationally.
Corporate social responsibility
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to have a positive influence on the world. The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity
Managerial ethics and corporate social responsibility
Social responsibility is a firm’s obligation, beyond that required by law and economics, to pursue long-term goals that will enhance the welfare and interest of the society and the organization as well.
Business Ethics
The document discusses business ethics and corporate social responsibility. It defines business ethics as determining what should and should not be done from a business perspective. It examines ethical issues like product safety, advertising, the work environment, and the environment. It also discusses three views of ethics - unitarian, separatist, and integrated. The integrated view sees business ethics and morality as interconnected. The document also outlines three theories of normative ethics - stakeholders theory, stockholders theory, and social contract theory. Finally, it provides examples of CSR programs from companies like Nabard, Bank of India, and BPCL.
Business ethics and spirituality at work place
This document discusses business ethics and spirituality in the workplace. It notes that ethics are important for companies' images and bottom lines, as trust, integrity and fairness matter to stakeholders. Establishing ethical standards can attract investors, employees and contribute to stability and growth. The document outlines some potential benefits of ethical compliance, as well as ethical problems businesses may encounter. It also discusses various approaches to establishing and implementing ethical standards in organizations.
Ethics and Corporate Social ResponsibilityChapter .docx
This document discusses ethics, morals, business ethics, and corporate social responsibility. It begins with defining ethics and morals, noting that ethics come from social systems while morals are more individual. It then discusses general social expectations of ethics like honesty, fairness, and legality. It also discusses specific expectations that vary by role. The document outlines frameworks for encouraging ethical behavior and addressing ethical dilemmas. It discusses arguments for why corporate social responsibility is increasingly important. Overall, the document provides an overview of key concepts and issues relating to ethics, morals, and corporate social responsibility in business.
3 - Ethics and Social Responsibility.pptx
The document discusses ethics and social responsibility in business. It defines ethics as moral principles that govern conduct. While legal conduct is not always ethical, ethical behavior respects human dignity, basic rights, and acts as a good citizen. Ethical dilemmas in the workplace can complicate decisions regarding discrimination, harassment, conflicts of interest, and resource use. Personal, organizational, and environmental factors all influence ethical behavior. Theories of social responsibility include maximizing profits, meeting a moral minimum by avoiding harm, considering stakeholder interests, and acting as a good corporate citizen through social problem-solving.
Ethics 1 introduction.ppt
The document discusses how ethics and ethical standards can change over time and differ between cultures and organizations. It provides definitions of ethics as moral principles that distinguish right from wrong. While some ethical norms like not harming people remain widely accepted, there is no universal standard for all ethical behaviors. Ethics can be influenced by legal, organizational, and individual factors. The document also summarizes two major approaches to ethics - deontology, which focuses on duties and rules, and utilitarianism, which focuses on producing the greatest happiness. Organizations are encouraged to develop codes of conduct, training, and accountability to promote ethical practices.
Business ethics and spirituality
The document discusses business ethics from several perspectives. It provides definitions of business ethics from various scholars, focusing on establishing ethical standards and norms to guide right and wrong behavior in business. It also discusses frameworks for ethical decision making, the complex and dynamic nature of business ethics, and the importance of developing virtues and moral character. Both arguments for and against business ethics are presented. The role of spirituality in business ethics is explored, distinguishing between morality and ethics.
ISPRSY_CHAPTER_I_Introduction_to_IT_Ethics.pptx
A broad examination of ethics and of individual and definitive good decision-making initiatives in the use of information systems in a global perspective. This course aims to recognize ethical issues raised by existing and rising technologies, apply a sorted-out structure to analyze danger and decision choices, and appreciate the impact of individual ethics and various leveled characteristics on an ethical workplace. Students explore the technological underpinnings of associated technology systems, experiment with individual and group interaction with technologies, and examine the mechanics of ethical and unethical behaviors.
Business ethics grp in POM
This document defines business ethics as written and unwritten codes that govern business decisions and actions. It discusses how business ethics asks what is right and wrong in business situations. The document outlines four levels of ethical questions in business: society, stakeholders, internal policy, and personal. It also discusses tools of ethics including values, rights and duties, moral rules, and human relationships. The document provides examples of basic ethical principles like promise keeping, nonmalevolence, mutual aid, and respect for persons and property.
Management Ethics Chapter 1
Ethics refers to moral principles that govern conduct. There are two types of standards - moral standards which judge actions as right/wrong, and non-moral standards which judge other things. Business ethics examines how moral standards apply to businesses. It investigates systemic issues regarding economic systems, corporate issues regarding company policies/culture, and individual issues regarding people's decisions. Moral reasoning involves understanding moral standards and using evidence to make judgments about whether actions meet those standards. There are debates around whether organizations can be ethical/unethical and how cultural differences impact business ethics.
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Management by Stoner Chapter 4
- 1. Chapter 4
- 3. Corporate Social Responsibility Corporate Social Responsibility What an organization does to influence the What an organization does to influence the society in which ititexists, such as through society in which exists, such as through volunteer assistance program volunteer assistance program
- 4. Ethics The study of rights and of who is – or should be- benefited or harmed by an action.
- 5. Sample Practices of Corporate Social Responsibility and Ethics Hires ex- convicts Hires homeless people Donates all profits of Newman's Own Food to charity
- 6. The Changing Concept of Social Responsibility The muckcrakers exposes of corrupt business practices Government‘s provision of some ground rules for managers
- 7. Different Views on Social Responsibility 1. Andrew Carnegie‘s The Gospel of Wealth Charity Principle Stewardship Principle Doctrine of social responsibility requiring more fortunate individuals to assist less fortunate members of society. Derived from bible which requires businesses and wealthy individuals to view themselves as stewards or caretakers of their property
- 9. 2. Milton Friedman‘s Argument There is only one social responsibility of business: to use its resources and energy in activities designed to increase its profits so long as it stays within the rules of the game and engages in open and free competition without deception and fraud. Businesses should produce goods and services efficiently and leave the solution of social problems to concerned individuals and government agencies.
- 10. Enlightened Self-interest Organizations realization that it is in their best interest to act in ways that the community considers socially responsible. Corporate Social Responsiveness A theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility. Corporate Social Performance A single theory of corporate social action encompassing social principles, processes and policies.
- 11. Application of Social Performance on Decision Making Processes and Policies
- 12. The Shift to Ethics Ethics- the study of how our decisions affect other people. - It is also the study of people‘s rights and duties, the moral rules that people apply in making decisions, and the nature of the relationship among people.
- 13. 4 Levels of Ethical Questions in Business
- 14. Tools of Ethics The key terms of ethical language: VALUES, RIGHTS, DUTIES,RULES, and RELATIONSHIP Values- relatively permanent desires that seem to be good in themselves. It is the answer to the WHY questions. Moral Rules- guide us through situations where competing interests collide. They are the tie breakers – guidelines that can resolve disagreement. Human relationship- Right- claims that entitle a person. It is also known as the person‘s SPHERE OF AUTONOMY Duty- an obligation to take specific steps e.g. pay taxes, obey the law… every human being is connected to others in a web of relationship.
- 15. Common Morality
- 16. Morality of Care Recent theories such as Gilligan and Nell Noddings have argues that common moralitythe morality rules of justice- is only one perspective for reasoning about morality. They have suggested an alternative model called THE ETHICS OF CARE. Gilligan proposes that there are strands of moral theory: Justice and Care Perspectives
- 17. Institutionalizing Ethics CEOs do not have to confront ethical problems in vacuum. Instead they can institutionalize the process. Ways of INSTITUTIONALIZING ETHICS: corporate code of conducts, ethics committees, ombudsman offices, judicial board, ethics training programs, and social audit Social Audit- report describing company activities in a given area of social interest, such as environmental protection, workplace safety, or community involvement.
- 18. Challenge of Relativism There are any versions of moral relativism, but all of them hold that we cannot decide matters of: right and wrong, good and evil, in any NAÏVE RELATIVISM- idea that all human beings are themselves the standard by which their action should be judged. Ethical decisions are personal. CULTURAL RELATIVISM- the idea that morality is relative to a particular culture, society, or community. It tells us to try to understand. rational way.