Social Responsibility

Philanthropic Responsibility = Complying with laws and regulations that protect stakeholders Legal Responsibility = Donating to charitable causes, volunteering, and other forms of giving back to the community Economic Responsibility = Managing resources efficiently to maximize profits while minimizing waste and environmental impact Ethical Responsibility = Going beyond legal requirements to act in an ethically responsible manner

Respect for Persons = Act in the best interests of others Beneficence = Treat individuals with dignity and respect Justice = Be truthful and transparent in all interactions Veracity = Fairly distribute benefits and burdens

Consequentialism = Focus on developing good character and moral virtues to guide decision-making Deontology = Weigh the potential consequences of actions to determine the most ethical choice Virtue Ethics = Consider the moral rules and principles that guide actions Ethical Responsibility = Going beyond legal requirements to act in an ethically responsible manner

<p>Identify the Problem = Put the decision into action and assess its effectiveness Gather Information = Clearly define the ethical dilemma Evaluate Options = Collect relevant facts and data Choose a Course of Action = Consider alternative courses of action</p> Signup and view all the answers

<p>Philanthropic Responsibility = Maximizing profits while minimizing waste and environmental impact Legal Responsibility = Acting in an ethically responsible manner Economic Responsibility = Donating to charitable causes, volunteering, and other forms of giving back to the community Ethical Responsibility = Complying with laws and regulations that protect stakeholders</p> Signup and view all the answers

<p>Respect for Persons = Ensure equal opportunities and treatment for all Beneficence = Strive to do good and prevent harm Justice = Treat individuals with dignity and respect Veracity = Disclose information in a timely and accurate manner</p> Signup and view all the answers

<p>Consequentialism = Moral rules and principles that guide actions Deontology = The potential consequences of actions Virtue Ethics = The autonomy of individuals to make their own decisions Ethical Responsibility = The moral virtues of the individual</p> Signup and view all the answers

<p>Identify the Problem = Collect relevant facts and data Gather Information = Clearly define the ethical dilemma Evaluate Options = Put the decision into action and assess its effectiveness Choose a Course of Action = Consider alternative courses of action</p> Signup and view all the answers

<p>Philanthropic Responsibility = Stakeholders, including employees, customers, suppliers, and the community Legal Responsibility = The organization itself Economic Responsibility = The environment Ethical Responsibility = Charitable causes</p> Signup and view all the answers

<p>Respect for Persons = Business decisions and their impact on stakeholders Beneficence = Developing good character and moral virtues Justice = Distributing benefits and burdens fairly Veracity = Interactions with stakeholders, including customers and suppliers</p> Signup and view all the answers