Social Responsibility and Ethics

Economic Responsibility = complying with laws and regulations Legal Responsibility = creating economic value for stakeholders Ethical Responsibility = going beyond the law to do what is right Philanthropic Responsibility = contributing to the well-being of society

Utilitarianism = adhering to moral rules and principles Deontology = acting to maximize overall happiness and well-being Virtue Ethics = cultivating character traits and moral virtues Consequentialism = not mentioned in the content

Conflict of Interest = unfair treatment based on race, gender, age, etc. Whistleblowing = when personal interests conflict with business interests Discrimination = reporting unethical behavior Intellectual Property = protecting creative work and ideas

<p>Code of Conduct = engaging with stakeholders to understand their needs and concerns Training and Education = establishing a written code of ethics Accountability = holding individuals and organizations accountable for their actions Stakeholder Engagement = educating employees on ethics and social responsibility</p> Signup and view all the answers

<p>Enhances reputation = attracts investors and talent Improves brand image = reduces legal and regulatory risks Attracts investors and talent = enhances reputation and builds trust with stakeholders Supports long-term sustainability = improves brand image and increases customer loyalty</p> Signup and view all the answers

<p>Social Responsibility = moral principles and values that guide an individual's or organization's behavior Ethics = the obligation of an organization to act in a way that benefits society as a whole Philanthropic Responsibility = not mentioned in the content Corporate Social Responsibility = not mentioned in the content</p> Signup and view all the answers

<p>Conflict of Interest = protecting creative work and ideas Whistleblowing = when personal interests conflict with business interests Discrimination = unfair treatment based on race, gender, age, etc. Intellectual Property = reporting unethical behavior</p> Signup and view all the answers

<p>Code of Conduct = holding individuals and organizations accountable for their actions Training and Education = educating employees on ethics and social responsibility Accountability = establishing a written code of ethics Stakeholder Engagement = engaging with stakeholders to understand their needs and concerns</p> Signup and view all the answers

<p>Enhances reputation = improves brand image and increases customer loyalty Improves brand image = enhances reputation and builds trust with stakeholders Attracts investors and talent = reduces legal and regulatory risks Supports long-term sustainability = attracts investors and talent</p> Signup and view all the answers

<p>Economic Responsibility = contributing to the well-being of society Legal Responsibility = going beyond the law to do what is right Ethical Responsibility = complying with laws and regulations Philanthropic Responsibility = creating economic value for stakeholders</p> Signup and view all the answers