be socially responsible and ethical? In this chapter, we’re going to look at what it means to be socially responsible and ethical and what role managers play in both. Focus on the following learning outcomes as you read and study this chapter. LEARNING OUTCOMES 5.1 Discuss what it means to be socially responsible and what factors influence that decision. 5.2 Explain green management and how organizations can go green. 5.3 Discuss the factors that lead to ethical and unethical behavior. 5.4
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goes beyond making profits to include protecting and improving society’s welfare. social obligation When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities. social responsiveness When a firm engages in social actions in response to some popular social need . social responsibility A business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society . social screening
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process in the development of making important decisions; there are many approaches as well as many consequences to making ethical decisions. Good ethics start with the employer and how they handle and execute their ethics and provide a good working example for their employees. There are many viewpoints on what ethics are, especially in relation to business, “Ethical obligations are a set of “ought to” standards that define a moral course of action and draw a line between right and wrong” (Lohrey)
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Ethical Decision Making Process: The Case Study of Gentry As counselors, we are responsible for promoting the mental, emotional and physical well-being of our clients. Sometime promoting the welfare of clients is not as simplistic and straightforward as it is in textbooks. There will be times when we, as counselors, face the challenge that is an ethical dilemma. When deciding how to manage these types of situations there are ethical, legal and moral considerations. The American Counseling Association
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[pic] Hochschule für Wirtschaft und Recht Berlin Berlin School of Economics and Law Nilay BIÇAKCIOĞLU 310978 Title of Essay: Why are ‘Corporate Social Responsibility’ strategies important for enterprises? Prof. Dr. Jose M. Magone LV 400591.01 Work, Business & Society Berlin, 2011 Abstract Nowadays, the importance of social responsibility activities is growing awareness for companies.It is directly related to your
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1.0 Introduction Corporate social responsibility (CSR) has become more important in the current business environment. CSR can be defined into action that are taken by organization that goes beyond making profit and legal obligation towards the society adapted from (Ghillyer, 2010) and (SCHWARTZ & SAIIA, 2012) (Brown & Forster, 2013)). More company also nowadays become more aware of CSR (Bondy, et al., 2012) and sees it as a positive tools (Harjoto & Jo, 2011) As an organization fail like in the
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slips and falls, the business owner will be liable for 100% of any liability incurred. The personal and business assets are intertwined so if the business is sued, the owner could also forfeit personal property and assets as well. Any debt and obligation accrued by the business belongs to the owner as well. Income Taxes- “Pass-through” taxation. In short, the business taxes are filed under the owner’s individual tax return. Referenced from Nolo.com on “How Sole Proprietors Are Taxed”, when
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Brownfield v. Daniel Freeman Marina Hospital Question 1: What are the ethical considerations of this issue? The ethical considerations of this issue, is the responsibility of the hospital to provide all the relevant information concerning access to emergency contraceptives, for rape and sexual assault victims. Brownfield’s defense supports the idea that emergency contraceptives, Plan B, and oral synthetic hormones are the most common form of emergency contraceptives, and this information must
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follow while they are making or selling products or services. The word business ethics is frequently heard as it relates to social responsibility. According to the dictionary social responsibility is “an ethical ideology or theory that an entity, be it an organization or individual has an obligation to act to benefit society at large” (the freedictionary.com). Three notable management authorities: Patrick Murphy, Milton Friedman, and Peter Drucker, have different opinions on what business ethics and
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Chapter 1: What is CSR Organizations can be classified in 3 categories: 1) For profits: Seek gain for their owners 2) Government: Exists to define rules and structures of society within which all organizations must operate 3) Non-profits: Emerge to do social good when the political will of the profit motive is insufficient to address societies needs Stakeholders: Includes all those who are related in some way to a firm “A stakeholder in an organization is any group or individual who can
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