Ethics and Corporate Social Responsibility Class 8 Thursday 9/22/11
![Idea of Business Ethics Ø What Is Ethics? – Ethical Behavior [Right from Wrong]](https://present5.com/presentation/4bcb4cf5cb90a2668ef51d2fcff29a26/image-2.jpg "Idea of Business Ethics Ø What Is Ethics? – Ethical Behavior [Right from Wrong]")
Idea of Business Ethics Ø What Is Ethics? – Ethical Behavior [Right from Wrong] – Business Ethics [Obeying laws, rules, regulations, being honest, competing fairly, not putting your own interests first] Ø What Is Social Responsibility? – Corporate Social Responsibility – CSR: [balancing responsibilities toward different stakeholders] – Decisions – legal, economic, ethical and social Exploring Business © 2009 Flat. World Knowledge
Ethical Organizational Activities ü Treat People Fairly ü Fairness = Top Priority ü Everyone Accountable ü Communicate Core Values to All ü Demand/Reward Integrity from All Exploring Business © 2009 Flat. World Knowledge
Examples of Good Corporate Citizens • Proctor & Gamble • Intel • Avon • Herman Miller • Timberland Exploring Business © 2009 Flat. World Knowledge • Cisco • Southwest Airlines • AT & T • Starbucks • Merck • Medtronic
Employee Attitudes In Unethical Companies • Uneasy About Work • Object To Way Treated • Uncomfortable About How Co. Workers Treated [discuss examples] • Question Management Directives & Policies Exploring Business © 2009 Flat. World Knowledge
Why Study Ethics? ? Ethics of future not the same as today/past ? Understand what is/isn’t acceptable/unacceptable ? Recognize/deal with ethical challenges ? Know right/wrong = marketable job candidate Exploring Business © 2009 Flat. World Knowledge
Ethical Self-Examination, “I’m. . . 1) Always Ethical 2) Mostly Ethical 3) Somewhat Ethical 4) Seldom Ethical 5) Never Ethical Exploring Business © 2009 Flat. World Knowledge
![Ethical Challenges: “…arise in. . . business organizations [because]…multiple stakeholders…make conflicting demands. ” Ethical](https://present5.com/presentation/4bcb4cf5cb90a2668ef51d2fcff29a26/image-8.jpg "Ethical Challenges: “…arise in. . . business organizations [because]…multiple stakeholders…make conflicting demands. ” Ethical")
Ethical Challenges: “…arise in. . . business organizations [because]…multiple stakeholders…make conflicting demands. ” Ethical Dilemmas - morally problematic situations Example - Pick between alternatives that may be Important to different groups Ethical Decisions - Ethical Lapse Exploring Business © 2009 Flat. World Knowledge
Representative Anthony Weiner How did he handle his situation from an ethical standpoint? From a PR standpoint?
How To Face an Ethical Dilemma Exploring Business © 2009 Flat. World Knowledge
How To Avoid an Ethical Lapse Exploring Business © 2009 Flat. World Knowledge
Basic Situations Causing Ethical Issues r r r Bribes Conflicts of Interest Conflicts of Loyalty Issues of Honesty and Integrity Whistle-blowing Exploring Business © 2009 Flat. World Knowledge
Bribes Vs. Gifts v. Cost of Item v. Gift • Timing • Type v. Connection v. Check Company Policy Exploring Business © 2009 Flat. World Knowledge
Conflicts of Interest 2 -14 • “…individuals must choose between taking actions that promote their personal interests over the interests of others. ” Exploring Business © 2009 Flat. World Knowledge
Conflicts Of Interest * Interferes With Best Interest of Company Stakeholders * Choice between promotion of personal interest vs. the Interest of others *Use of Private Information Exploring Business © 2009 Flat. World Knowledge
How to Maintain Honesty & Integrity Exploring Business © 2009 Flat. World Knowledge 2 -16
Whistle-Blowing • Applauded or Shunned Career Suicide Sarbanes-Oxley [regulation of corporate [ governance and financial practices] Exploring Business © 2009 Flat. World Knowledge 2 -17
Common Rationalizations for Unethical Behavior 1) My Behavior Isn’t 2) 3) 4) Exploring Business © 2009 Flat. World Knowledge Really Illegal or Immoral My Action Is In Everyone’s Best Interests No One Will Find Out What I’ve Done The Company Will Condone My Action And Protect Me
Ethics Influencers Members of Organization Top Managers & Supervisors Co-Workers & Subordinates Exploring Business © 2009 Flat. World Knowledge
Formal Code Of Conduct: 4 Stated Principles & Guidelines 4 Topics - Use Of Corporate Funds & Resources - Conflict Of Interest - Protection Of Proprietary Information 4 Enforcement 4 Encourages & Provides Instructions for Reporting Exploring Business © 2009 Flat. World Knowledge
Corporate Social Responsibility • “…the approach…an organization takes in balancing its responsibilities toward. . . stakeholders when making…decisions. ” Exploring Business © 2009 Flat. World Knowledge
The Corporate Citizen Exploring Business © 2009 Flat. World Knowledge
Stakeholders & Responsibility Owners- Fiduciary Employees • • Safety & Health Free from Sexual Harassment Equal Opportunity & Diversity Wages & Benefits Customers Communities Exploring Business © 2009 Flat. World Knowledge
Workplace Deaths by Event / Exposure Exploring Business © 2009 Flat. World Knowledge
Workplace Deaths by Occupations Exploring Business © 2009 Flat. World Knowledge
Median Annual Earnings by Gender and Race Exploring Business © 2009 Flat. World Knowledge
Median Annual Earnings by Gender, Age, and Degree Level Exploring Business © 2009 Flat. World Knowledge
Responsibilities to Customers CRight To Safe Products CRight To Be Informed CRight To Choose CRight To Be Heard Exploring Business © 2009 Flat. World Knowledge
Responsibilities to Community BFinancial Contributions BVolunteerism BSupporting Social Causes Exploring Business © 2009 Flat. World Knowledge
Business Community & Environmental Issues þLand Pollution þAir Pollution þWater Pollution Exploring Business © 2009 Flat. World Knowledge
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