Business Law: Responsibilities, Ethics & Laws

• Responsibility: The duty to handle something or have control over someone.
• Accountability: The state or condition of being answerable.

Responsibilities and Accountabilities to the Employee

• Pay wages and taxes
• Create and maintain a safe work area
• Provide worker's compensation insurance
• Enforce anti-discrimination law (EEO)
• Create and maintain a favorable working environment
• Respect human rights
• Support career development
• Train and educate employees
• Manage performance
• Give rewards and benefits

Ethics

• Ethical Dilemma: Occurs when values are in conflict concerning right and wrong.
• Pricing Strategy Ethics: Setting prices that affect the market.
• Ethics and Promotions: Designed to boost short-term sales through value propositions, including coupons, holiday sales, rebates, and giveaways.
• "Bait and Switch": A tactic falling under the promotion's category.

Laws

• Antitrust Law or Competition Law: Addresses unfair competition when a competitor attempts to eliminate or prevent others from entering the market, utilizing predatory pricing.
• Trademark Infringement and Passing Off: Happens when a product's market uses names, logos, or other identifiers to mislead consumers into thinking they are buying a competitor's product.
• Misappropriation of Trade Secrets: When a competitor uses espionage, bribery, or theft to get economical advantages infromation.
• Trade Libel: Spreading false information about a competitor's products quality.
• Tortious Interference: When a competitor persuades a party with a relationship to another competitor to breach a contract or duty.
• Dumping: Selling a product at a loss in a competitive market.

Business concepts

• Framework: An essential supporting structure of a building, vehicle, or object.
• Sound Business: An economic opportunity that the entrepreneur can reach.
• Business Model: Core strategy for profitable business, including information like products/services, business plans, target markets, and expenses.
• Users: Individuals and organizations that use Google's product.
• Employees: Aim at proper compensation and a rewarding experience in working for the company.
• Governments: the major stakeholder affecting Google through regulations.
• Ben & Jerry's founders: Infused the company with giving back in every way possible, as well as "linked prosperity” between the company, its employees, and the community.
• Focus for Burt's Bees has always been on well-being and “the greater good.”
• Natural Products Association: The company helped develop the Natural Standard for Personal Care Products, which created guidelines for what can be deemed natural.
• Charitable Agents: Anyone who's sold or purchased a home knows how cutthroat real estate agencies.
• CHILDREN INSPIRE DESIGN- Artist and mother Rebecca Peragine selling her whimsical wall art cards, and posters to promote environmental education for children.
• Social Responsibility: The obligation of an organization's management to decide and take actions.
• Discovery: Rooted in intuition that life is a king of adventure.
• Excellence: belief that excellent performance in our role in life represents the supreme good.
• Altruism: A purpose built in serving its customers in a way that is beyond standard obligations.
• Heroism: Demonstrates achievement, often with a charismatic and visionary leader.

Business

• Responsible business conduct: The choices and actions of employees and agents that foster and meet the reasonable expectations of enterprise stakeholders.
• Responsible business enterprise: An enterprise characterized by good governance policies and management practices and a culture of responsible business conduct.
• Business ethics program: A tool that owners and managers use to inspire, encourage, and support responsible business conduct.
• Social Mission: The specific social or environmental purpose of a social enterprise.
• Social Enterprises: Businesses with the common good as their primary purpose.
• Social Entrepreneur: People with innovative solutions to pressing social problems
• Human Nature: Pioneering social enterprise producing natural and organic personal care products.
• Auro Chocolate (by Mark Ocampo and Kelly Go): A beacon of excellence in the cacao industry in the Philippine .
• Bayani Brew: "Not your ordinary beverage company"
• Social Enterprise Network (December 1999) Networking opportunity for like-minded individuals to share their interests and experience..
• GKonomics International Inc. Non-stock, non-profit organization, incorporated in 2009.
• SOCIAL ENTERPRISE EUROPE: First put forward in the late 1970's .later written as a publication in 1981 by Freer Spreckley.