Introduction To Business Ethics PDF

BUSINESS ETHICS AND SOCIAL RESPONSIBILITIES  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Introduction to Business Ethics and Social Responsibility BUSINESS ETHICS AND SOCIAL RESPONSIBILITY  BUSINESS ETHICS A business AND SOCIAL RESPONSIBILITY is an...

BUSINESS ETHICS AND SOCIAL RESPONSIBILITIES  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Introduction to Business Ethics and Social Responsibility BUSINESS ETHICS AND SOCIAL RESPONSIBILITY  BUSINESS ETHICS A business AND SOCIAL RESPONSIBILITY is an organization that generates revenue by producing, purchasing, and selling goods or services, addressing BUSINESS ETHICS AND SOCIAL RESPONSIBILITY “No business is designed with the intention of reaching bankruptcy as its ultimate goal” BUSINESS ETHICS AND SOCIAL RESPONSIBILITY “Every business aims to acquire earnings or generate income”  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Businesses can be for- profit entities or non- profit organization fulfilling a charitable mission or furthering a social cause. BUSINESS ETHICS AND SOCIAL RESPONSIBILITY FORMS OF BUSINESS ORGANIZATIONS  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY FORMS OF BUSINESS ORGANIZATIONS Sole proprietorship Partnership Corporation BUSINESS ETHICS AND SOCIAL RESPONSIBILITY THE ROLE OF BUSINESS IN THE ECONOMY  ROLE OF BUSINESS IN THE ECONOMY 1. Customer satisfaction 2. Employment opportunities 3. Revenue generation and taxation 4. Trade and globalization 5. Environmental and social responsibility  ROLE OF BUSINESS IN THE ECONOMY 1. Customer Satisfaction to satisfy the needs and wants of consumers  ROLE OF BUSINESS IN THE ECONOMY 2. Employment opportunities businesses create jobs, providing employment opportunities for individuals. Employment, in turn, leads to income generation, which supports individual livelihoods and stimulates economic activity.  ROLE OF BUSINESS IN THE ECONOMY 3. Revenue generation and taxation businesses generate revenue through their operations, and they contribute to government revenue through taxes. This revenue supports public services, infrastructure development, and other government initiatives that benefit  ROLE OF BUSINESS IN THE ECONOMY 4. Trade and globalization businesses facilitate international trade, promoting economic interconnectedness. Through exports and imports, businesses contribute to a country's economic integration into the global marketplace, fostering economic  ROLE OF BUSINESS 5. Environmental and Social IN THE ECONOMY responsibility businesses are increasingly being recognized for their role in environmental sustainability and social responsibility. Responsible business practices can contribute to sustainable development, environmental conservation, and the BUSINESS ETHICS AND SOCIAL RESPONSIBILITY  BUSINESS ETHICS AND SOCIAL ETHICS also called moral RESPONSIBILITY philosophy, the discipline concerned with what is morally good and bad and morally right and wrong. It is the moral principles that govern a person’s behavior or the conducting of an activity BUSINESS ETHICS AND SOCIAL RESPONSIBILITY  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Business Ethics is defined as the practice of what is morally and ethically right in the conduct of business in the workplace.  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Business Ethics it is essentially doing what is right in any organization, from top management down the line, should practice ethical standards that will morally uphold the organization and BUSINESS ETHICS AND SOCIAL RESPONSIBILITY What is Social Responsibility?  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Social responsibility means that individuals and companies must act in the best interests of their environment and society as a whole.  BUSINESS ETHICS AND SOCIAL Social RESPONSIBILITY responsibility as it applies to business, is known as corporate social responsibility. (CSR)  BUSINESS ETHICS AND SOCIAL A certain business does RESPONSIBILITY not just exist for profit only A certain company/business should also exist and consider their corporate social responsibility.  BUSINESS ETHICS AND SOCIAL RESPONSIBILITY When conducting a business, it is essential to perform a feasibility study. “Would this product would benefit the community?”