Presentation on theme: "Being Ethical and Socially Responsible"— Presentation transcript: 1 Being Ethical and Socially Responsible Show
2 Learning Objectives Understand what is meant by business ethics. 3 Learning Objectives (cont.)
4 Ethics …the study of right and wrong and of the majority of the choices individuals make.
5 …the application of moral standards to business situations.
6 Companies Today Monitor Employees’...
7 A Business Has Ethical Issues and Business Relationships with...
8 Ethical Issues Fairness and honesty Organizational relationships
9 Figure 2.1: Factors That Affect the Level of Ethical Behavior in an Organization 10 Factors Affecting Ethical Behavior 11 Encouraging Ethical Behavior
12 Whistle-Blowing …informing the press or government officials about unethical practices within one’s organization.
13 Sarbanes-Oxley Act of 2002 …provides sweeping new legal protection for employees who report corporate misconduct. Deals
with Corporate Responsibility Conflicts of Interest Corporate Accountability 14 Code of Ethics …a guide to acceptable and ethical behavior as defined by an organization; it outlines uniform policies, standards, and punishments for violations.
15 How Managers Provide Direction
16 Ethics Officer …coordinates ethical conduct (and) gives employees someone to consult if they are not
sure of the right thing to do. 17 Table 2.1: Guidelines for Making Ethical Decisions 18 Social Responsibility 19 The Six Pillars of Character 20 Sample Forms of Social Responsibility 21
Evolution of Social Responsibility in Business
22 Table 2.2: Early Government Regulations That Affected American Business
23 Two Views of Social Responsibility 24 Arguments for Increased Social Responsibility 25 Arguments Against Increased Social Responsibility
26 Table 2.3: A Comparison of Models of Social Responsibility 27 Recession and Responsibility
28 …all activities undertaken to protect the rights of consumers.
29 Six Basic Rights of Consumers 30 Major Consumerism Forces 31 Table 2.4: Major Federal Legislation Protecting Consumers Since 1960
32 Table 2.4: Major Federal Legislation Protecting Consumers Since 1960 (cont.) 33 Table 2.4: Major Federal Legislation Protecting Consumers Since 1960 (cont.) 34 Table
2.4: Major Federal Legislation Protecting Consumers Since 1960 (cont.)
35 Minority …a racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment. 36 Figure 2.3: Comparative Income Levels 37 Figure 2.4: Relative Earnings of Male and Female Workers 38 Affirmative Action
Program 39 Problems with Affirmative Action Programs 40 Equal Employment Opportunity Commission
41 National Alliance of Business
42 Pollution …the contamination of water, air, or land through the actions of people in an industrialized society.
43 Table 2.5: Summary of Major Environment Laws 44 Forms of Pollution Water Pollution Air Pollution Suspended
Particles 45 Air Pollution City Comparisons
46 Who Should Pay for a Clean Environment? 47
Who Should Pay? Factors to Consider 48 Developing a Program of Social Responsibility
49 Funding the Program Pass cost on to consumer in form of higher prices 50 Chapter Quiz Ethical issues often arise out of a business’s relationship with investors.
customers. employees. creditors. all of these. 51 Chapter Quiz (cont.) The factor that refers to the amount of latitude within an organization that allows an employee to behave unethically is called the code of ethics. company policies
and procedures. the individual. opportunity. social pressure. 52 Chapter Quiz (cont.) Peat Marwick, one of the largest accounting firms in the world, has extensive international operations. Operating internationally makes ethical decision making especially difficult
because bribes and payoffs are acceptable business activities in the United States. Americans are more ethical than foreigners. many foreigners do not speak English. the U.S. government cannot prosecute American companies for unethical or illegal acts committed on foreign soil. standards of ethical behavior vary from country to country.
53 Chapter Quiz (cont.) Proponents of the socioeconomic model use which of the following arguments to support their
position? Business managers are responsible primarily to stockholders. Business has the technical, financial, and managerial resources needed to tackle today’s complex social issues. Corporate time, money, and talent should be used to maximize profits, not to solve society’s problems. Social problems affect society in general, so business probably should not be expected to solve such problems. Social issues are the sole
responsibility of government officials elected to represent the people. 54 Chapter Quiz (cont.) A friend of yours, a loan officer at a local bank, tells you that her annual salary is $15,000 less than that of her male counterparts. She says further that her education and banking experience are equivalent
or superior to those of most of these men. She should file a complaint with the Better Business Bureau. Equal Employment Opportunity Commission. National Organization for Women. Oprah Winfrey Show. National Alliance of Business. Which of the following is one way the Sarbanes Oxley Act protects employees who report organizational misconduct?Which of the following is one way the sarbanes-oxley act protects employees who report organization misconduct? It ensures they are paid a large sum of money as a reward.
What is it called when one informs the press or government officials about unethical practices within one's organization?Whistle blowing means calling attention to wrongdoing that is occurring within an organization.
Which model of social responsibility places emphasis not only on profits but also on the impact of decisions in society quizlet?The economic model of social responsibility places emphasis not only on profits but also on the impact of business decisions on society. Consumerism consists of all those activities that are undertaken to protect the rights of consumers in their dealings with business.
What is the process of creating Making delivering and promoting products that are environmentally safe called?Green marketing is the process of promoting products or services based on their environmental benefits. These products or services may be environmentally friendly in themselves or produced in an environmentally friendly way.
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