Chapter 4

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Chapter 4

  1. 1. Chapter 4 Social Responsibility of Business and Government
  2. 2. 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
  3. 3. 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.
  4. 4. Environmental Protection Example: Starbucks uses recycled material for their coffee cup sleeves saving 78,000 trees per year.
  5. 5. Environmental Protection Example: Toyota offers the Prius that is the first mass market hybrid vehicle.
  6. 6. Environmental Protection Example: Run and operate an “e-waste” program for disposing of and recycling old computers.
  7. 7. Workplace Diversity • More sensitive to the roles of women, ethnic groups, and older workers. • ADA – Americans with Disabilities Act • “Equal Opportunity Employer”
  8. 8. Job Safety and Employee Wellness • OSHA – Occupational Safety and Health Administration • Promoting good health through the workplace
  9. 9. 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.
  10. 10. Business Ethics Checklist • Is the action illegal? • Does the action violate company or professional standards? • Who is affected, and how, by the action?

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