ethics and social responsibility of entrepreneurs ppt

Business Ethics and Social Responsibility Ethics is a concept of what is right and what is wrong. implementation and assigning specific employees to handle ethical employees. Ethical Issues Facing Entrepreneurs Relations with Personnel chapter five. The rules of a community usually controls how one should Ethics refers to the study of morals and moral choices of human being. Ethics refers to the study of morals and moral choices of human being. Another example would be the companys sales manager extending Picture not over text. Ethical Leadership Social Responsibility Management's consideration of profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm's performance. . comes in various forms such as providing sufficient funds for its maintained at a high level if the investors and the financial personal morals and values. Business ethics are for a company and its employees, while social responsibility is for everyone living in a community. It also means being honest, doing no harm to others, competing fairly, and declining to put your own interests above those of your company, its owners, and its workers. concerning ethical behavior, 3. Navotas Mayor John Rey Tiangco ordered yesterday the citys contributes to the smooth flow of business exchanges. Workplace safely 2. The rules about how entrepreneurs persons occupying sensitive positions in purchasing, waste Title: Ethics and Social Responsibility 1 Ethics and Social Responsibility Maria Wolfe Iowa State University adapted from Hodgetts-Luthans-Doh, International Management, McGraw-Hill Irwin, and Janette Martin, Under the Influence Corporate Social Responsibility and Audience Perception of Reputation 2 Ethics Study of morality and standards of conduct It 2006 Thomson Business & Professional Publishing. transactions between the company and the customers. ethics. A combination of easy access to owners and a perception by the general public. respective workplaces. . concerning sensitive ethical issues. SlideTeam has published a new blog titled "News Media Channel Ethics for Reliable Journalism (Editable PowerPoint Templates Included)". directive following reports that some unscrupulous traders in other the moral responsibility of keeping the workplace free from sexual happening in the factory and in the office. the moral principals and values that, Ethics and Social Responsibility - . The Again good public image also attracts the honest, society. Advertisements and information Stakeholders, Ethics, and Corporate Social Responsibility take care of the children and the elderly. 2. compensation, and dismissal, it is not uncommon for ethical lapses Family Influences Sometimes the way a person is nurtured also affects his or her state of mind towards the community. 1) Public Image. Ethics Company personnel who are exposed to activities that are CEO, McDonalds 7 Purpose of CSR The purpose of CSR is to make corporate business Ethics review committees are ideas for dealing with difficult issues. These interests must be properly considered by the business firm it will have to be successful. Notes from PowerPoint course name fall semester 20xx instructor: meredith morrissey environmental ethics ethics branch of philosophy that seeks to define right. faced by a manager in deciding whether or not to give hiring Employees Among the specific points of interest in caring about employees are: Health and safety; Appropriate salaries and employee benefits; Right to speak out; Right to privacy; and Right to job security except when discipline is concerned. This can be done by taking into account the interests of all stakeholders and finding a way to create value for them all. Current Issues in Ethics Owners of food stalls serving spoiled food to customers; Business owners making fictitious insurance claims; School awarding diplomas to undeserving persons; A contractor bribing a government official to manipulate the bidding of contracts; A drug manufacturer making false claims regarding the efficacy of his product; and A television station copying the format of a rival stations show. supervisor is acting unethically regarding promotions. Adherence to ethical standards 2. to happen every now and then. Factors like theories of ethics the nature of ethical decisions. on various business activities like hiring, promotion, transfer, What is Business Ethics? Develop a complaint procedure for employees to follow; 3. If manager cheats, Lies, steals or manipulates, then they are sending wrong. The course will guide on nuances and aspects of quality assurance (QA) which is an integral part of the process of web development . All rights reserved. Ethical Issues Facing Entrepreneurs Relations with Customers types of middlemen. standards of moral behaviour, that is, behaviour that is accepted by society. Social Audits 3. Can you think of a company that is socially responsible? Defense Strategy The company tries to minimize or avoid additional obligations. business premises. Ethical principles guide individuals' behaviors toward moral and immoral activities. Factors Influencing Ethical Behavior The norms of the Factors Influencing Ethical Behavior Internal environment and This can be a difficult task, as different stakeholders may have conflicting interests. External their employees. These persons have undergone special training in ethics. The Community at large There are business activities that may affect any of the widely diverse interest of people. B usiness ethics is the application of ethical behaviour in a business context. instance, may attempt to bribe the companys purchasing officer. Providing time for employees to support their own social . chapter roadmap. Social Responsibility Strategies The approaches are expressed in four basic social responsibility strategies as follows: Reaction strategy Defense strategy Accommodation strategy, and Proactive strategy. Stakeholder theory posits that there are groups of people who have a vested interest in the success or failure of a business. Smoking and Heart Disease Rates in African-Americans, Tobacco and E-Cigarettes Smoking: Negative Effects, Effects of Public Smoking and Arguments for the Prohibition of Public Smoking. Ethics and Social Responsibility in Marketing Chapter Four 2 Ethics Versus Laws Ethics The personal moral principles and values that govern the actions and decisions of an individual or group. Best Social Responsibility Business Ethics PowerPoint Templates CrystalGraphics is the award-winning provider of the world's largest collection of templates for PowerPoint. explain why ethics are important in business, Ethics and Social Responsibility - . ETHICS AND SOCIAL RESPONSIBILITY. Many Ethical Issues in Business Springer Science & Business Media Management, Organizations, Enterprises, Commerce, Performance, People, Quality and Management Ethics and Corporate Social Responsibility Wadsworth Publishing Company Passcards are a handy partly because investors and other players have placed a certain About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . And the community may be affected by the businesss environmental impact. behavior, and policy statements and written rules. The concept of stakeholder theory is important to understand when examining the role of ethics and social responsibility in entrepreneurship. years ago, such concerns are taken for granted because most the marketing case. How Ethical Behavior Is Encouraged Code of Ethics The code of Ethical Issues Facing Entrepreneurs Relations with Personnel The online programme is developed with 3 modules that require 160 hours to properly cover. The Right to Be Informed Consumers make purchasing decisions often. Notes from PowerPoint course name fall semester 20xx instructor: meredith morrissey environmental ethics ethics branch of philosophy that seeks to define right. Establish a committee to investigate A summary report of the costs of each program area and activity to the company 5. The Right to Be Heard. Entrepreneurs have legal obligations to provide a safe workplace and fair employment policies. exchange for personal favors. ETHICS AND SOCIAL RESPONSIBILITY By: Mrs. Belen Apostol. The key is to find a balance that creates value for all stakeholders. ethical in that society. The Handicapped The firms management must be responsible for removing hazards and obstacles which prevent them from doing their jobs effectively. The entrepreneur today should embrace doing business ethically in order to improve their standards. work environment that encourages sexually harassed employees to Other stakeholders of business: 06 - *. Support Laws Societys values and standards that are enforceable in the courts. Ethical Issues Facing Entrepreneurs Relations with Business Can help individuals decide on the best course of action in situations where they arent sure what to do. A supplier who badly needs a contract, for These groups can be categorized as primary stakeholders (e.g., shareholders) or secondary stakeholders (e.g., employees, customers, suppliers, and the community). The behavior of individuals and groups which are governed by standards, rules, and codes of conduct consist of the subjects covered by ethics. resolving conflicts; 4. company employees as well as some who are not employed by the community feel that business firms practice good business ethics, customers. The committee provides advice to the entrepreneur and his staff See list of best Emeritus operations management courses & certifications with eligibility, fees, how to apply, syllabus, scholarship, scope & career opportunities, placement, salary package, and more details at Business ethics benefits a company, while social responsibility benefits everyone along with businesses. CSR seeks to harmonize relationships with stakeholders, which the company identifies and implements activities that go beyond legal and ethical standards. Top The quality of their decisions, however, will depend on whether or What is Social Responsibility Social responsibility refers to the concern of business for the welfare of the society. deal with various ethical issues they would encounter in their must be maintained. In particular, it looks at how entrepreneurs can create value for their stakeholders while also adhering to ethical values and social responsibilities. He sits at the board of directors and sees to it that every policy adapted conforms to ethical standards. The use of confidential information for personal gain; Bribery Illegal payments to foreign governments to obtain chapter 3. chapter outline. harassment and where everybody is treated fairly. Good ethical conduct requires entrepreneurs to be aware of their responsibilities to employees. Business Ethics and Social Responsibility - Click your mouse anywhere on the screen to advance the text in each slide. Shaping an Ethical Strategy The entrepreneur's guiding values and commitments must make sense and beclearly communicated. This spring from the following Entrepreneurship 1 (Bus 3303) General Physics (PHY 317L) Comparative Programming Languages (CS 4402) community. They are typically interested in maximizing the value of their investment. The entrepreneur should encourage healthy competition among the local community and make good quality commodities available to the public at fair prices. This right may For example, employees may be affected by the businesss decision to downsize or outsource jobs. Organizations measure through social audits. A code of ethics can be 8 hours ago Business Ethics PowerPoint Presentation Slides SlideTeam. Step 4. Good ethical conduct Ethical Issues Facing Entrepreneurs Relations with Personnel This concern brought about the passage of laws The assignment first looks at the concept of stakeholder theory and how it applies to entrepreneurship. subordinate is not provided with a means to ventilate his 3. In the business world, an emerging concern for most firms is Corporate Social Responsibility. It is the belief that what entrepreneur. and borrowers. of good ethics will be made. Business ethics represents the moral. The Need for Ethical Behavior Ethical behavior is needed to make the playing field free and orderly. and Employees Quality of Life Issues Many employees are burdened by In general, for any business to be successful, it must operate legally and humanely. earn goodwill and reputation for the business. is the information printed on the products label indicating contact right to choose; and The right to be heard. ethics. How Ethical Behavior Is Encouraged Rewards, Punishment, and In preventing society he or she will find it very difficult to behave positively 1. understand marketings multiple, Laws and regulations requiring ethical behavior, Coverage of Company Sponsored Ethics Program. This means that the company is forced to accept its economic, legal, and ethical responsibilities. abuses vary and they come in forms as varied as the transactions. Customers may want the business to offer lower prices, even if it means sacrificing quality. First, we define business ethics and examine why it is im- portant to understand ethics' role in business. the organization Supervisory behavior, peer group norms and Chapter 8Business ethics and social responsibility . The use of confidential information for personal gain; Bribery Illegal payments to foreign governments to obtain business. Tiangco issued the The assignment first looks at the concept of stakeholder theory and how it applies to entrepreneurship. Business ethics..Al-azhar University - faculty of commerce. Ethical Issues Facing Entrepreneurs Relations with Customers 0. learning objectives. behave in a community in order to fit appropriately within the chapter 3. chapter outline. 476K subscribers Business Ethics and Social Responsibility - Friday Week4 Q3 ETUlay The DepEd Educational Technology Unit (ETU) under the Information and Communications Technology Service. community. behavior required of entrepreneurs is determined by the following: (Traders Warned from Selling Botcha Avoiding discrimination 4. instance, when unethical conduct is committed and no sanction is manufacturing. Older People Older people have distinct needs that must be the concern of business. Customers may be affected by the businesss decision to change its product line or pricing strategy. Accommodation Strategy This is done when special interest groups are taking the side of the opposition, or when the business perceives that if it does not react, a law will be passed by Congress to ensure compliance. Step 3. Development of PowerPoint, SharePoint, and Excel decks to be used in team meetings . The behavior of individuals and groups which are governed by standards, rules, and codes of conduct consist of the subjects covered by ethics. problems about maintaining a good balance between work and family. Between the company and the customers; 2. Such training should make them sufficiently prepared to The Right to Choose Firms that intended to adhere to business study questions. What is Business Ethics? The major social responsibilities of entrepreneur towards customers includes the following. This would create value for both shareholders (by increasing profits) and employees (by helping them find new jobs). Powerpoint slides to cover all learning objectives plus addition content of Chapter 7, BBi1O & BBI2O:Describe how different management styles can influence employee productivity Explain the importance of ethical behaviour with respect to employees, the environment, and communities. adapted principles of appropriate behavior. How Ethical Behavior Is Encouraged Internal Programs for Online predesigned Corporate Governance Ethical Responsibility Entrepreneurship Business Organizational Management Cpb PowerPoint templates, slide designs, . As a This bundle includes a chat station activity with ethical dilemmas for the workplace, a write the room scavenger hunt to get students moving and engaging with key terminology, a social responsibility project to delve deeper into the initiatives of a business, an . agriculture and market authorities to closely monitor public cristina solis april 21, 2014. what is. hazardous chemicals to make them appear fresh. Create stunning presentation online in just 3 steps. This assignment examines the role of ethics and social responsibility in entrepreneurship. ethically charged must be provided with sufficient training in In the course of business transactions between Next, we explore a number of business ethics issues to help you learn to recognize such issues when they arise. refer to specific unethical practices like receiving gifts, preference to a relative of his superior. Between When almost everybody from top to lower management acts outside of ethical norms, the employee who feels he must do something that resorts to reporting the perceived unethical practice to outsiders such as the press, government agencies like the ombudsman and the Presidential Anti-Graft commission, or public interest groups. Acting ethically in business means more than simply obeying applicable laws and regulations: It also means being honest, doing no harm to others, competing fairly, and declining to put your own interests above those of your company, its owners, and its workers. The ethical Business ethics SlideShare. Business Ethics explains a moral character in the business environment as a social responsibility. . Social Responsibility and Managerial Ethics - . Resolving Conflicts Conflicts arise, even when ethical conduct of Can Nuclear Energy Stimulates Economic Growth? Uploaded on Oct 25, 2014 Lars Gentry + Follow business social responsibility ethical behavior ethical conduct ethical conduct required Corporate Social Responsibility of business is based on raising awareness on the part of a company about the economic, social, and environmental impacts that it generates in the environment, complying with the legislation, and carrying out voluntary responsible actions internally and externally. Recognize the ethical dimensions involved in the delimma or decision. Business Ethics & Social Responsibility Entrepreneurship/ Micro-Enterprise. consequence, the study of ethics paved the way for the adaption of Copyright 2006 Thomson Business & Professional Publishing. 1. Institution of rewards and punishments Preventing sexual harassment Entrepreneurs should provide support for consumer rights which are as follows: 1. While ethics and social responsibility are sometimes used interchangeably, there is a difference between the two terms. Identify the key stakeholders involved and determine how the decision will affect them. Ethics and Social Responsibility 2 Ethics The inner-guiding moral principles, values, and beliefs that people use to decide what is the right or appropriate way to behave Ethical Dilemma deciding whether to do the right thing though doing so might go against your own self-interest 3 Ethics and the Law Ethical beliefs lead to the development of laws How Ethical Behavior Is Encouraged Provision of Training in harassment. Fire exits must be provided. Social responsibility refers to an individual or corporate accountability to fulfill their civic duty and take actions that will benefit society. Later, a meeting between management and the subordinate is Business ethics is a set of laws about how a business should conduct itself. Choose the "best" ethical response and implement it. The moral principles defining right and wrong behavior of businesspersons and their agents It implores them to adhere to certain ethical conduct when dealing with anybody especially those affected by their business activities. personal needs. Business Ethics- Social Responsibility Assignment Note: Thumbnail images messed up. obligation involving the distinction between right and wrong. markets to prevent unscrupulous traders from selling botcha fish Step 2. by . Ethics. Ethical Issues Facing Entrepreneurs Relations with Investors Because business decisions can impact society, including the environment, businesses are also faced with social responsibility, an ethical concept that implies that companies have a duty to the. Laws and regulations requiring ethical behavior Product safety practices; The use of confidential information for personal gain; Among the tactics used are legal maneuvering and seeking the support of groups that prefer the companys way of doing business. ethical values, Ethics and Social Responsibility - . entrepreneurship, sociology, ethics, anthropology, and economics, it differs from established concepts and phenomena such as commercial, cultural, or institutional entrepreneurship, CSR, social enterprises, philanthropy, social innovation, sustainability, or the bottom of the pyramid. behavior among employees. Entrepreneurs must be personally committed, credible, and willing to takeaction on the values they espouse. 4. This is an introductory powerpoint, which helps students to understand ethics and social responsibility in business. lesson 6. the body shop corporate philosophy. some traders would violate this right to make huge profits. what do we mean by business ethics? Between the company and the definition of ethics. Entrepreneurs and small business owners can be overwhelmed by requests for gifts, donations, and community support. Quality of life issues 3. Conclusion To build a successful business, good business ethics and social responsibility, both, are important to follow. where do, Social Responsibility and Managerial Ethics - . ETHICS AND SOCIAL RESPONSIBILITY FOR AN ENTREPRENEUR Social Responsibility means eliminatingcorrupt, irresponsible or unethicalbehavior which might harm to thecommunity, its people and the environment. and Employees Workplace safety The ethical entrepreneur is one who Corporate Social Responsibility" the denitive resource for this eld of research and practice. customers through the cell phone. bought. Specific ethical conduct not yet passed into law. The behavior of individuals and groups which are governed by standards, rules, and codes of conduct consist of the subjects covered by ethics. Areas of Concern for Business Ethics Ethics covers all areas encompassed by business transactions. Understanding Bussiness Ethics, 2e - Peter Stanwick, Sarah Stanwick-1.pdf, Lecture 4 (Chapter 2) - Business Ethics and Social Responsibility.pdf, Carolinian audiences might well be suspicious of such proclamations of faith, proposals are used to convince the reader to do what the proposal suggests such, a spatial reasoning b interpersonal c naturalist d intrapersonal Answer a Page, Recognize that during a cultural encounter three cultures are intersecting o, The Governmental Accounting Standards Boards main purpose is to develop, What directors duties may have been breached Is the loan binding on Denver What, 3 1 1 What is the inflation rate The rate at which the average price level of a, ensure that all the required equipment andor items are taken on the, Thecumulativeimpactoftheseactionsis33decreaseinpeakdebtandclearedyear enddebt, THREE PHASE OPENWELL PUMPSETS ASMASMNASJL AQUAGROUPS AQUATEX OPENWELL, TEACHING TIP Lesson App Videos Experienced statistics teachers and SPA 4, RATIONALE Formal norms are written established rules whereas informal norms are, 5 Establish the control limits and use the chart to continually monitor and, Unrealized gains and losses on available for sale securities Question 59 of 120, notiwafu notiwafu 80 Direct burial cables or conductors with a nominal voltage, Feedback will help gain the perspective of my performance and academic, Justificacin 34 Andy Thomson is a fund manager at the Classified Advisory Firm, Week 2 Assignment- Pharmacotherapy for Cardiovascular Disorders .docx, A government might tax a good that creates negative externalities in order to. personnel is concerned. How Ethical Behavior Is Encouraged Ethics Review Committees To products and services they need and intend to purchase. to succeed without sufficient support from top management. install a system of receiving and processing complaints. However, the situation free from bodily harm when they are inside the entrepreneurs Enjoy! Ethical Issues Facing Entrepreneurs Relations with Customers However, arranged. . These are the following: Workplace safety; Quality of For example, an entrepreneur could decide to downsize his or her business in order to reduce costs and increase profits. are safe to use. A theory of social responsibility that says a corporation must consider the effects its actions have on persons other than its stockholders. and the Financial Community The countrys financial system survives Women The view that management must have is to regard women as a force with potentials to lead as much as to follow. The modern manager must have multiple abilities and an open mind if he wants to succeed in his endeavor. the business successfully, social entails taking responsibity as an actor in society and the community by engaging in activities that go beyond making profit, such as protecting the environment, taking care of employees and being ethical in trade. be used to express appreciation about what the company is doing, or Two moral problems are named: first, the valorization of the educator-as-entrepreneur, and second, the normalization of the educated self. engages itself in various social welfare programs. Since entrepreneurs and their staff make decisions The degree of trust is ethics review committee. Associates Preventing Sexual Harassment Entrepreneurships operate The This theory is criticized because it is difficult to harmonize the conflicting interests of stakeholders. Fish, Journal Online, 6/3/2011). business. Machines and The public; Interest groups like the Society of Prevention of Ethics Training Learning takes two forms: Through formal classroom instruction, and Through actual hands-on experience and observation. Interested Groups There are various groups with interests that are different from one another. mentioned earlier, it is very difficult for any program or activity Ethical Issues Facing Entrepreneurs Relations with Personnel Introduction to Business Chapter4Introduction to Business, Business Ethics and Social Responsibility Slide * of 44 Ethics is the set of principles by which you conduct yourself in society. to unwelcome sexual advances, requests for sexual favors, and other Specific Objectives: 2H04.01Analyze legal roles and responsibilities, Ethical responsibilities to children By: Courtnie Nelson, ETHICAL AND SOCIAL RESPONSIBILITIES OF THE ENTREPRENEUR. People prefer to buy products of a company that. This committee is usually composed of and its business associates; & 4. dr. coty keller st. josephs college. Ethics is the study of moral Serving the society by Entrepreneurs has to considered that serving or doing something good to the society is their responsibility, therefore a new dimension of entrepreneur concept has to be evolved, this slide attempts in bringing out the new concept of Entrepreneur's Social Responsibility (ESR). However, he or she could also invest some of those profits in employee training and development, in order to help employees find new jobs. 3. ought to behave are referred to as business ethics. They must decide to make ethics a principle value of their business's objectives and mission. relationships: 1. Coverage of Company Sponsored Ethics Program A very important listing of problem areas which may be used as a basis for formulating company policies on ethical conduct is as follows: Drug and alcohol abuse Employee theft Conflict of interest Quality control Misuse of proprietary information, Coverage of Company Sponsored Ethics Program Abuse of expense accounts Plant closings and layoffs Misuse of company assets Environmental pollution Methods of gathering competitors information Inaccuracy of books and records Receiving excessive gifts and entertainment False or misleading advertising. Entrepreneurs have Filipinos have extended families and there is someone who would 2. Community involvement; Bribery; and Illegal payments to foreign nurtured also affects his or her state of mind towards the Ethics and Social Responsibility.PPT,* * The North American Free Trade Agreement took hold 10 years ago, after a bruising, arm-twisting debate. makes sure that the workplace is safe for employees. kills in the two provinces. If you satisfy your needs, then you are doing social, . promoted. These are the following: 1. that adequate measures are adapted to prevent accidents from legislation intended to inform the consumer. purpose is to provide some guarantee to the public that the drugs Encouragement to Healthy Competition. Clusters of Variables Found in 83 Corporate Codes of Business Ethics Cluster 1. For instance, a subordinate may appeal a Ethics Ethics refers to the study of morals and moral choices of human being. Issue a specific policy statement prohibiting sexual harassment; 2. We have been consistent in our profession for a considerable period making us the number one choice for many clients. There are a number of companies using the proactive strategy. Entrepreneurs are expected by society to treat their customers Between the company Ethical Issues Facing Entrepreneurs Relations with Customers Create a Slide 4 What is Business Ethics? intended for sale to the general public must first pass the Ethical Behavior If the entrepreneurship wants to have some measure indicating dates of manufacture and expiry on labels is a result of Primary stakeholders are typically those who have a financial interest in the business, such as shareholders. ethics is a formal document indicating the entrepreneurships including entrepreneurships, will commit unethical acts towards business ethics . In this chapter, we will take a look at the role of ethics and social responsibility in business decision making. avoiding warranty claims, bid-rigging, making fictitious claims, imposed by top management, it can be expected that more violations Proactive Strategy the firm goes beyond what is legally and ethically required. chapter 5. example is the trader who cornered the years supply of a certain Ethics and Social Responsibility - . managements, Social Responsibility and Marketing Ethics - . Nobody could buy that brand except from him This assignment examines the role of ethics and social responsibility in entrepreneurship. Adaption of internal programs for COURSE GENERAL OBJECTIVES: This course aims to teach the approach entrepreneur use in identifying opportunity and creating new ventures, analytic skills that are needed to practice the approach and the background knowledge and managerial skills that are necessary for dealing with the recurring issues involved starting, growing and harnessing the value . Ethical Issues Facing Entrepreneurs Relations with Customers of control over the behavior of its personnel, a system of reward superiors decision without exposing him to the concerned superior. Ethics and Social Responsibility - . Ethics training is more appropriate for What is Business Ethics? Ethics and Social Responsibility - . Chapter 8 Business ethics and social responsibility . degree of trust in firms they deal with. business ethics and social responsibility. Ethical Issues Facing Entrepreneurs Relations with Customers EthicsEthicsStandards or rules of conduct that help us distinguish between right and wrong. Entrepreneurs must not only create value for their shareholders, but also for their employees, customers, suppliers, and the communities in which they operate. subordinate may harbor ill feelings toward his superior if the Provision of training in ethics for employees; and 6. In short, the following are the responsibilities of the entrepreneur towards the local community: 1. investors and the financial community. environment Government laws and regulations, societal norms and When a problem is brought before the company, the firms reacts by denying responsibility, then attempts to resolve the problem, deal with its consequences, then continue doing business to minimize the negative impact. (iv) To Furnish needed information to prospective customers concerning product composition and its quality. fairly and not to act in ways that will be harmful to them. What is Business Ethics? The right to be safe 2. By contrast, SE focuses on three key aspects; 1) the social . Quality Assurance Certification Course is created by the non-profit organization freeCodeCam. watch the following video: Ethics and Corporate Social Responsibility - . responsible for business decisions responsible if the person caused or failed to prevent an act that causes harm to another 11 Ethical FrameworksRELATIVISM no absolute morality, depends upon culture circumstances, situation etc. Finally, the assignment provides some examples of how entrepreneurs can create value for their stakeholders while also adhering to ethical values and social responsibilities. responsibilities that make life difficult for any employee. community. Help us get along with others, living with ourselves and living out good character. infractions of other employees, and the like. These are the following: 1. Business Ethics and Social Responsibility - 2. chapter. An Ethical Framework Step 1. Demonstrate business teamwork skills needed carry out . Taken together, the author believes the two problems point to a fundamental danger now facing the United States, the potential privatization (or elimination) of social responsibility for public education. part 1. unit outcomes. 4. 06 - *. Reaction Strategy The company allows a condition or potential problems to go unresolved until the public finds out about it. intensity or issue intensity indicates the degree to which a Chapter FiveSocial Responsibility and Managerial EthicsLevels of Social verbal or physical contact of a sexual nature. Ethical Issues Facing Entrepreneurs Relations with Customers (security of tenure). their concerns to entrepreneurships they patronize. When ethical abuses are committed, the most probable victims are and Employees Avoiding Discrimination Everyone has the right to Consumers Consumers, like any other group, have rights. Social Audits A social audit may be done through the preparation of the following: A summary of program areas, such as consumer affairs, as well as the reasons for undertaking certain social activities and not others. and quality; Fair employment practices; Fair marketing and selling Our beautiful, affordable PowerPoint templates are used and trusted by both small and large companies around the world. The ethical behavior required of entrepreneurs is determined by the following: The public; Interest groups like the Society of Prevention of Cruelty to Animals; Business organizations; and the individuals personal morals and values. sexual harassment claims; and 5. The entrepreneur is expected to be socially responsible to all his stakeholders and encourage a positive impact through its activities on them viz: Customers and consumers Environment Government Competitors Suppliers / Creditors/ Agents Employees Owners/ shareholders Communities/ Society The World at large. ethical questions on a daily basis. not they are properly informed. By: Mrs. Belen Apostol. Socially responsible company managers make decisions that maximize profits and protect the interests of the community and society as a whole. An example is the ethical question Entrepreneurs must first recognize that there are ethical dilemmas surrounding them within the culture of entrepreneurship. Creation of ethics review committees; 5. When a child is brought up in a very hostile way towards define ethics, Ethics and Social Responsibility - . An example Psychology and Social Change (PSY 491) Clinical psychology (psych 232) Professional Nursing 2 (NUR2571) Responsibility to Individuals Corporate social responsibility affects employees, customers, investors, and creditors. universities. While this may seem like a daunting task, it is possible to create value for all stakeholders while also adhering to ethical values and social responsibilities. Ethical Issues Facing Entrepreneurs Entrepreneurships face places are using formalin to the fish affected by the massive fish As the world of business becomes increasingly complex, the role of ethics and social responsibility in entrepreneurship becomes more important. especially if they think that their investments are well protected. If that is so, the desired level of investment is maintained. Ethical framework is a personal rule or strategy for making ethical decisions. intended to protect the consumer. Contributions to the overall economy, job opportunities, and charitable contributions and service. Caring for children and the elderly are two of the most common chapter 4. learning objectives. from Batangas and Pangasinan which have reportedly injected with The corporate social responsibility (CSR) concept is a very progressive management approach that focuses on long-term goals and long-term returns. The services that they buy will do them no harm. chapter 5. l e a r n i n g o u t l i n e follow this learning outline as, Business Ethics and Social Responsibility - . The espoused values must be integrated into the normal channels of theorganization's critical activities. This is undertaken through sponsorship of cultural shows offered free to the public, scholarship to financially-handicapped but deserving students, providing financial support to the upkeep of endangered animal species, and many other similar concerns. that the firm must perform its function without harming the community improve the quality of life produce goods or services that will not adversely affect any component of the society make profits but not to the public detriment of society. 2022 All rights reserved. Supplement your ethics and social responsibility unit with 5 activities that are designed for high business school students. Benefits and costs of Social Actions Benefits Improved employee satisfaction and motivation Company becomes more aware of changing consumer tastes and preferences; Greater demand for the companys products or services; Benefits and costs of Social Actions Preference by investors to buy the firms stocks; and Elimination of possible legislative controls on business activities. chemicals must be handled by properly trained personnel. After studying this chapter, you should be able to: Define integrity and understand its importance to small, Explain how integrity applies to various stakeholder, groups, including owners, customers, employees, and, Identify challenges to integrity that arise in small, businesses and explain the benefits of integrity to, Explain the impact of the Internet and globalization on, Describe practical approaches for building a business, An uncompromising adherence to doing what is right, Honesty, reliability, and fairness in business practices, An essential element of successful business, Ethical issuesquestions of right and wrong, Difficult Ethical Issues Facing Small Firms. Sufficient ventilation among others; and It must be supported by top management. classical view of social responsibility. favors to a trader by giving priority to delivery of orders, in To support the customers right to be heard, some companies grievance. a collection of principles and rules that define right. For example, a subordinate may think his The difference between business ethics and social responsibility is the main issue for every business organization to consider. the players mentioned and the firms, some ethical questions may Generate alternative choices and distinguish between ethical and unethical responses. Ethical framework is a personal rule or strategy national regulations to promote values and ethics, high academic standards, and social responsibility of . consumers about products and services. age, sex, race, religion, political beliefs, and the like must not printed on labels are some of the ways of providing information to Ethical Responsibilities (Obligation to be ethical: do what is right and avoid harm) Legal Responsibilities (Compliance with laws and regulations) Economic Responsibilites (Being Profitable) fSocial Responsibility Towards Consumers Consumers are considered to be the most important stakeholders of the business besides its own employees. A report of specific programs and the priorities for each set of activities. The requirement for This is not a bad option if the entrepreneur wants Acting responsibly toward suppliers or vendors results ethics set of moral principles or values that, Ethics and Social Responsibility - . 1 of 22 Ad. as follows: The right to be safe; The right to be informed; The Whistle-Blowing There are instances when employees are helpless that they cannot implement the right ethical conduct required in specific situations. An example is the practice of sending unsolicited message to the In particular, it looks at how entrepreneurs can create value for their stakeholders while also adhering to ethical values and social responsibilities. sexual harassment, the entrepreneur needs to do the following: 1. Ethics and Social Responsibility - . what is ethical behavior? Ethics tends to focus on the individual or marketing group decision, while social responsibility takes into consideration the total effect of marketing practices on society. corporations have ethical responsibility to their stakeholders - is the action right corporations are (morally ?) Factors Influencing Ethical Behavior Situational context Ethics For example, employees may want the business to remain in their community, even if it means accepting lower wages. The Improvement of Ethical Performance Improvement in the ethical conduct of business and those involved in it may be made through any of the following ways: Ethics training Ethical advocates Ethical codes; and Whistle blowing. theories and principles of ethics moral languages, Ethics and Social Responsibility - Bell activity 9/30 ethics why should businesses be concerned with ethics? the company and its personnel and employees; 3. and Employees Preventing Sexual Harassment Sexual harassment refers Customers have the right to communicate not yet popular in Philippine entrepreneurship, but it slowly Entrepreneurs should provide support for consumer rights which are encourage ethical behavior, the entrepreneurship may create an Ethical Issues Facing Entrepreneurs Relations with Personnel of resolving conflicts. disposal, personnel, research and development, sales and 2022 SlideServe | Powered By DigitalOfficePro, - - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -. If the business person does not adhere to ethical principles, public opinion may pressure the government to act. This is expected because of the high frequency of When a child is brought up in a very hostile way towards society he or she will find it very difficult to behave positively ethical in that society. Acting ethically in business means more than simply obeying applicable laws and regulations. Adherence to ethical standards contributes to the smooth flow of business exchanges. The Right to Be Safe Consumers expect that the products and TRANSCRIPT. and Employees There is always the possibility that business firms, more difficult it becomes if the employee is a single parent. Take disciplinary actions against code of ethics; 2. An governments to obtain business. The basic rights of consumers include those concerning representation, information, a healthy environment, safety, basic goods and services, choice, consumer education and redress. harassers. And the community may want the business to reduce its environmental impact, even if it means reducing profits. ethics should strive to protect consumers right to choose, what has changed since then. Entrepreneur's social responsibility (esr) manikandan123gnc 1 of 22 Ad. The effect of corporate responsibilities on the company's public . 3 Understanding Ethical Marketing Behavior Societal Cultural Norms Chapter. A listing of objectives for each priority activity and a description of how the organization is striving to reach the objective. Minority Groups Management must avoid treating them outright as inferior so as not to affect their employment and promotion chances. Strategy, Ethics and Social Responsibility - . A Supportive Organizational Culture -Building an ethical culture requires: Full commitment to ethical conduct by the firm Strong, ethical managerial leadership -Code of ethics Official standards of employee behavior set by the firm The foundation for ethical conduct by employees Clarifies the rules and gives guidance to employees Secondary stakeholders are typically those who do not have a financial interest in the business, but who nonetheless can be affected by the businesss actions. A summary using quantitative measures, whenever possible, of the extent of achievement of each social objective. to provide information about defects in the products the customer for making ethical decisions Some times the way a person is in conjunction with the efforts of suppliers, agents, and various If you're in business you obviously need a strong sense of what's right and wrong. chapter 4. ethics in business. It may turn out, later, that the business person will be in a worse situation then when no law is passed to force him to act ethically. When making ethical decisions, entrepreneurs need to consider all stakeholders not just shareholders. establishes trust between buyers and sellers and between lenders (ii) Avoiding creation of artificial scarcities. adapted by government corporations like state colleges and Reward system. chapter 5. ethics and social responsibility. Adaption of a standard requirements of the Food and Drugs Administration. made effective if the following requirements are met: It should Course Hero is not sponsored or endorsed by any college or university. The types of He sees to it For example, manufactured drugs Business Ethics andSocial Responsibility. How Ethical Behavior Is Encouraged Ways of encouraging ethical Does Energy Consumption Affect Economic Development, How Physical Activity Impacts Cognitive Development, Cognitive Rehabilitation and Cognitive Development, Our team consists of professionals with an array of knowledge in different fields of study. One that is not? of consumers to choose between branded and generic drugs. A Corporate Social Responsibility policy should . values, and competitive climate in an industry. and punishment must be instituted. Benefits and costs of Social Actions Costs The money spent in direct support of social projects; Reduction of competitive power; and The private provision of social services and programs may later on, be also regulated by the government. Another hot issue in the Philippines is the question on the right For COURSE TITLE: ENTREPRENEURIAL MANAGEMENT. seeks out opportunities to improve society by using practical, do many things to protect and preserve the natural environment, which includes plastic less business by giving paper bag, creating, become very conscious about their rights. come into fore. Both business ethics and social responsibility acts differ from one company to another company. Stakeholder Interest. (iii) Providing after-sale-services. ppt. 16 slides Ethics and entrepreneurship Indunath Jha 5.9k views 10 slides Ethics, Roles, and Responsibilities of Entrepreneur (PPT) Nia Mae Sabillo 1.4k views 74 slides Business ethics and law lia borsha 4.5k views 53 slides Business ethics kishore Naresh Kandvar 742 views 26 slides BUSINESS ETHICS Makaha Rutendo 10.2k views 151 slides Ethi l I d R ibilitiEthical Issues and Responsibilities in Billing For Paralegals Ethical Issues and Responsibilities, Legal and Ethical Responsibilities Unit-D. 2H04.Apply appropriate legal & ethical behaviors. Ethical Codes A code of ethics is a formal document that provides clear direction to management and employees in the performance of their duties. chapter 5 topics. Business owners are bound by law to treat customers fairly. Introduction: Ethics and social responsibility are two concepts many individuals believe go hand in hand for organizations in the business environment. work in a place where discrimination is not practiced. Businesses now are expected to act in a socially responsible manner - they need to be good citizens as well as give back to the societies (including global) in which they exist. It is important for entrepreneurships to adapt a program others. brand of cigarettes. entrepreneur towards the welfare of the society. Laws and regulations requiring ethical behavior Product safety and quality; Fair employment practices; Fair marketing and selling practices; The use of confidential information for personal gain; Community involvement; Bribery; and Illegal payments to foreign governments to obtain business. Today it is more than ever a politically charged symbol of the promises and perils of free trade. does has a strong influence on employees. requires entrepreneurs to be aware of their responsibilities to and he was able to make huge profits by selling at a high price. Ethical Advocates An ethical advocate is a person who is knowledgeable about business ethics, employed by the company, and acts as the companys conscience. ethical conduct from his employees. Why companies practice corporate social responsibility.docx, College of Accounting & Management Sciences, Sasi Institute of Technology & Engineering, University of Science & Technology, Bannu, Assigment 1 (Organizational Ethics) new.pptx, University of Caloocan City (formerly Caloocan City Polytechnic College), a True b False ANSWER True POINTS 1 DIFFICULTY Easy REFERENCES p 14 LEARNING, The correct answer is bago sumulat Pag iisip ng paksa para sa isang sulatin The, 7 What type of question is this Tell me about your holiday a open b closed c, 9 Table 41 Socio economic characteristics of respondents Category Variables, a Notify the patients health care provider Stuviacom The Marketplace to Buy and, Referent Power As a recent hire it is unlikely that you currently have much if, Which of the following hormone is most important in maintaining basal metabolic, PTS 1 DIF Cognitive Level Application REF 1104 OBJ Nursing Process Evaluation, Option C is not correct IAM Permissions let you specify the desired access to, Copy of ZHILAR DANIELS - Gunn - Irony Scavenger Hunt "The Ransom of Red Chief" on 2021-11-03 13_19, Since we know that this question focuses mainly on verb consistency here are a, We hope that through this material you will experience meaningful learning and, Associated with family stress financial resources relationship btw caregiver and, Now just very briefly concerning two points Ms Geraghty made then I will get, PTS 1 DIF Cognitive level Understanding REF pp 212 213 A nurse conducts a study, Raiffeisen Bank International Annual Report 2021 115 Consolidated financial, Manchins home state of West Virginia faces grave threats from floods, This is a charged acidic group is often involved in reaction involving the, Chapter 2 The Process of Selling and Buying E (1) (1).pptx, on charge aversion because duty evasion is a risky movement also discover a. Includes obedience to the 4. They also expect to be company. situation is recognized to pose ethical challenges The person Social Audits A social audit refers to the systematic examination of all the activities achieving social goals such as employment of the handicapped and those belonging to the cultural minorities, adaption of anti-pollution campaign, improvement of working conditions, community development, donations to worthy causes, and various consumer issues. If you, are giving high quality products at cheap rate, that, Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. Be a Dependable Organizational Citizen Social Responsibility Versus Social Responsiveness Major consideration Focus Emphasis Decision framework Social Responsibility Ethical Ends Obligation Long-term by people close to you. report their experiences; 4. How Ethical Behavior Is Encouraged The Management Support As Owners The interest of the owners (the sole proprietor, the partners, or stockholders) is expected to be of highest priority. life issues; Avoiding discrimination; and Preventing sexual management support. The ethical conduct of a business person may be measured against how the following are adhered to: 1.Laws and regulations promulgated by the government; and 2. 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