Ethics, Values, and Corporate Social Responsibility Presentation PDF

Ethics, Values, and Corporate Social Responsibility ASST. PROF. CRESILDA M. BRAGAS, MBA  Why study Ethics? Ethics are rules that help us tell the difference between right and wrong. They encourage us to do the right thing. It is how people try to live their lives accord...

Ethics, Values, and Corporate Social Responsibility ASST. PROF. CRESILDA M. BRAGAS, MBA  Why study Ethics? Ethics are rules that help us tell the difference between right and wrong. They encourage us to do the right thing. It is how people try to live their lives according to a standard of “right” or “wrong” behavior – in both how we think and behave toward others and how we would like them to think and behave toward us.  What is Ethics? from the Greek word ethos, meaning character or custom," (also known as moral philosophy) is a branch of philosophy that addresses questions about morality.  Understanding Right and Wrong Moral standards are principles based on religious, cultural, or philosophical beliefs bay which judgments are based. A person’s beliefs can come from different sources such as: friends, family, ethnic background, religion, school, media, role models or mentors.  Values and Morals Values tell us what is important. They help us make decisions about right and wrong. Morals are rules we use to decide what is good or bad.  Understanding Right and Wrong Moral standards are principles based on religious, cultural, or philosophical beliefs bay which judgments are based. A person’s beliefs can come from different sources such as: friends, family, ethnic background, religion, school, media, role models or mentors. The Six Core Moral Values RESPECT FOR LIFE LOVE OF GOD RESPECT FOR AUTHORITY  The Six Core Moral Values LOVE OF TRUTH RESPONSIBLE DOMINION OVER MATERIAL THINGS RESPECT FOR DIGNITY OF HUMAN SEXUALITY Core Values of Human Beings Business Core Values  What is Value? Value is a worth of something or consider (someone or something) to be important or beneficial.  The Value of Value The worth can be expressed in two ways: a. Intrinsic Value – where a value is a good thing in itself and is pursued for its own sake whether anything comes from that pursuit or not. e.g. happiness, health, self-respect  The Value of Value b. Instrumental value – where the pursuit of that value is a good way to reach another value. e.g. Money is valued for what it can buy rather than for itself. But as the old saying goes: “Money can’t buy happiness”…  Corporate Social Responsibility (CSR) A business exhibits Corporate Social Responsibility (CRS) through their values, ethics, and the contributions it makes to communities. CRS is driven by a desire to protect customers and to treat employees and shareholders fairly.  The Meaning of CSR Corporate Social Responsivity (CSR) is a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.  The Meaning of CSR The totality of CSR can be best understood by three words: Corporate – means organized business. Social – everything dealing with people and the society at large Responsibility – means accountability Examples of CSR Pyramids of CSR  Business Ethics Examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organizations as a whole.  Nature of Business Ethics Complex because of no common consensus. because of dynamic nature of Dynamic business decision making.  Nature of Business Ethics because ethical decision making is Interdependent dependent on many factors and one’s decision affect others. because the frameworks referred for ethical decision making are usually normative and are Subjective varied in nature. These frameworks differ from people to people and organization to organization. Objectives of Business Ethics Providing ethical framework Solutions for Developing business situations understanding about that calls for ethical what is right and what judgments is wrong Objectives of Business Ethics Stakeholder approach of Ensuring Ethical business Behavior organizations Ensuring practical utility of business ethics Morality and Ethics Morality is concerned with understanding of what is right and wrong behavior. In the study of business ethics many people treat the concept of ethics and morality as same. Morality could be considered as one of the subject matters of study in business ethics.  Social Ethics Social ethics are the set of rules often unwritten that are accepted by a society on what is and is not appropriate. These are not laws to be obeyed, rather they are principles to be applied to different situations to help you make a proper decision based on what society deems appropriate.  An Insight… Social ethics may differ with different societies and cultures and hence what may be considered right and good for one may be perceived differently by another. However certain behaviors or moral principles have universal appeal and people are expected to posses them while interacting with fellow human beings.  Social Ethics Examples of Social Ethics: Charity Family Values Participation Acceptance Social ethics of sharing End of Discussion! ☺  Classwork 2 1. Explain briefly this statement: “ You can remove a man from society but you cannot remove society from the man”... Cite an instance to further explain the statement.