Professional Documents
Culture Documents
1. Identify and describe the rationales for general ethical principles 2. Discuss what management can do to improve business ethics 3. Define corporate social responsibility and summarize the arguments pro and con. 4. Explain the potential economic value to the firm of corporate social responsibility.
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Defensive Strategy
Resisting additional social responsibilities with legal and public relations tactics.
Proactive Strategy
Taking the initiative in formulating and putting in place new programs that serve as role models for industry.
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Research Findings
There is a positive correlation between industry leadership on an industry-relevant social issue (pollution control) and profitability. Corporate social responsibility is a competitive advantage.
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Business Ethics
The study of the complex business practices and behaviors that give rise to ethical issues in organizations.
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(contd)
A Call to Action
The deliberate and conscious actions of a manager to do the right thing is an ethical and personal matter.
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Terminal
Self-respect Family security Freedom A sense of accomplishment Happiness
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Code of Ethics
Requirements for an effective code
Must describe specific events. Firmly supported ethics in 1990.
Whistle-Blowing
The reporting of perceived unethical matters.
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