Social Responsibility PDF Guide

1 What is “Social Responsibility”? 2  SOCIAL RESPONSIBILITY IS THE MANAGERIAL OBLIGATION TO TAKE ACTION THAT PROTECTS AND IMPROVES BOTH THE WELFARE OF SOCIETY AS A WHOLE AND THE INTERESTS OF THE ORGANIZATION 3 SOC...

1 What is “Social Responsibility”? 2  SOCIAL RESPONSIBILITY IS THE MANAGERIAL OBLIGATION TO TAKE ACTION THAT PROTECTS AND IMPROVES BOTH THE WELFARE OF SOCIETY AS A WHOLE AND THE INTERESTS OF THE ORGANIZATION 3 SOCIAL RESPONSIBILITY Is the managerial obligation to take action that improves and protect both the welfare of society as a whole and interests of the corporation If the management does not react to the changes in social demands, the society will either force them to do so through laws or will not 4 permit the enterprise to survive SOCIAL RESPONSIBILITY EVERY BUSINESS ENTERPRISESAND ORGANIZATIONS ARE ORGANS OF THE SOCIETY AND THEREFORE SHOULD RESPOND TO THE DEMANDS OF THE SOCIETY 5 THREE FUNDAMANETALS OF SOCIAL RESPOBNSIBILITY Areas of social Responsibility Varying opinions on social responsibility Conclusions about the performance of socialresponsibility activities by the 6 business  4 AREAS OF SOCIAL RESPONSIBILITY Employment Supporting Practices volunteer efforts Environmental Philanthropic Conservation Efforts 7 Varying Opinions on Social Responsibility 8 Varifying Opinions on Social Responsibility Arguments Arguments Favoring Favoring CSR CSR Activities: Activities: If businesses are not practicing CSR, then the government will establish new regulations and fines to corporations to ensure order is maintained. CSR is a good way for organizations to build their image and reputation as well as to attract like-minded and talented individuals. 9 Varying Opinions on Social Responsibility Arguments Against CSR Activities: Businesses should solely focus on creating products and providing services to society, Organizations should focus on making profit and let the government handle the societal and environmental problems. 10 Conclusions about performing CSR Business should adhere to Consider voluntary perform all legally required performing social CSR activities. responsibility activities beyond legally required Inform relevant individuals of the extent to which organization will become involved in performing social responsibility activities 11  Social Responsiveness It is the degree of effectiveness and efficiency an organization displays in pursuing its social The ability of an organization to conduct a profitable business while maintaining a mutually beneficial relationship with society and 12 the environment.  Social Responsiveness The ability of a corporation to relate its operations and policies to the social environment in ways that are mutually beneficial to the company and society. - (Essential of Management by Harold Koontz) The capacity of a corporation to respond to social pressure.-(Corporate Social Responsibility: The good, the bad, and the Ugly by Subhabrata Bobby Banerjee) Social responsiveness strategies can be reactive, defensive, accommodation and proactive. - (Sethi, 1979) 13 Determining Whether a Social Responsibility Exists Management has an obligation to be socially responsible towards stakeholders A stakeholder is any idividual or group that is directly or indirectly affected by an organization's decisions. The socially responsive organization that is both effective and efficient meets its social responsibilities without wasting organizational resources in the process. 14  Decision Making According to the Oxford Advanced Learner’s Dictionary the term decision making means - the process of deciding about something important, especially in a group of people or in an organization Trewatha & Newport defines decision making process as follows:, “Decision- making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem”. 15  The Philantrophy Challenge Originating from the Greek word “philanthrōpía”, meaning ‘love of humanity’ Is one of the popular used components in social responsibility. It promotes the welfare of others through generous monetary donations to social cause. Philantrophy is a means for an individual or an organization to give back by donating financial or human resources to society in the effort of improving the quality of life in the society. 16 The Philantrophy Challenge Overall, philanthropy aims to increase the wellbeing of people. By improving human welfare, businesses commonly includes donations toward supporting the arts, education, world peace and disaster relief 17  THE SUSTAINABLE ORGANIZATION CHALLENGE Why sustainability? INCREASED PROFIT. Perhaps the most often used reason why managers should build a sustainable organization is that It increase sustainability commonly result in more profitable organization a sustainable company is the type of company with which modern day customer like to do business. Increased productivity..’ 18  THE SUSTAINABLE ORGANIZATION CHALLENGE Why sustainability? Management theorist and practitioners claim that INCREASED LABOR PRODUCTIVITY is commonly the most immediate payoff of sustainability. 19  THE SUSTAINABLE ORGANIZATION CHALLENGE Why sustainability? Management researchers are now finding a by- product of pursuing sustainability is a flood of valuable organization and TECHNOLOGICAL INNOVATIONS that help organizations to become more successful Steps for achieving sustainability. 20  Managers and Ethics What is ETHICS? “Our concern for good behavior. We feel an obligation to consider not only our own personal well-being but also that of other human being“ - Albert Schweitzer Business Ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. 21  Why is Ethics a Vital part of Management Practice It enhance overall corporate health; in three important areas; productivity, Stakeholder relations and government regulation Productivity Employees will be positively affected if management is determined to act ethically towards stakeholders. Stakeholder Relations An ethical management practices will also positively affect also the outside stakeholders, 22 such as suppliers and customers  Why is Ethics a Vital part of Management Practice Government Regulations Ethical management practices can enhance corporate health is in terms of minimizing government regulation. 23  Code of Ethics A code of ethics s a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values, and the standards to which the professional b held. A code of ethics also refered to as an "ethical code," may encompass areas such as business ethics, a code of professional practice and an employee code of 24 conduct.  THANK YOU!! Ma’am order na po kayo pastil kay Dustin Lim 25