Unit 4: Ethics and Corporate Social Responsibility Lecture Slides PDF

UNIT 4: Ethics and Corporate Social Responsibility Lecture by Ms. Lim You Ping 1 Learning Plans:  Ethics in contemporary business  Corporate social responsibility  CSR: Consumers, Employees Lecture by Ms. Lim You Ping 2 Unit learning outcomes:  Explain...

UNIT 4: Ethics and Corporate Social Responsibility Lecture by Ms. Lim You Ping 1 Learning Plans:  Ethics in contemporary business  Corporate social responsibility  CSR: Consumers, Employees Lecture by Ms. Lim You Ping 2 Unit learning outcomes:  Explain the concept of business ethics and social responsibility.  Summarize the responsibilities of business to the general public, customers, employees Lecture by Ms. Lim You Ping 3 Reference:  Courtland L. Bovee, John V. Thill (2020). Business in Action (9th ed). Pearson Education  Chapter 4 Lecture by Ms. Lim You Ping 4  Understanding Business Ethics Ethics A set of moral standards for judging whether something is right or wrong. Lecture by Ms. Lim You Ping 5  Common Business Ethical Challenges 6 Lecture by Ms. Lim You Ping How Organizations Influence Ethical Conduct Lead by Example Offer Ethics Training Programs Informal and Formal Programs Lecture by Ms. Lim You Ping 7 Establishing a Formal Code of Ethics A set of guidelines prepared by a firm to provide its employees with the knowledge of what the firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers. Lecture by Ms. Lim You Ping 8  Social Responsibility Social The concern of businesses for the Responsibility welfare of society as a whole. It consists of obligations beyond those required by law or union contract. Lecture by Ms. Lim You Ping 9 Social Responsibility Philanthropic Ethical Legal Economic 10 Lecture by Ms. Lim You Ping Responsibilities to Stakeholders Stakeholders of a Business 11 Lecture by Ms. Lim You Ping  Responsibilities to Customers  Consumerism —public demand that a business consider the wants and needs of its customers in making decisions. 12 Lecture by Ms. Lim You Ping Responsibilities to Employees  Workplace Safety.  Quality of Life Issues.  Ensuring Equal Opportunity in the Job.  Age Discrimination.  Sexual Harassment and Sexism— inappropriate actions of a sexual nature in the workplace. Lecture by Ms. Lim You Ping 13 Responsibility toward Investors Insider trading ◼ using confidential information to gain from the purchase or sale of stocks Misrepresentation of finances Lecture by Ms. Lim You Ping 14 Responsibilities to the General Public 15 Lecture by Ms. Lim You Ping Responsibility to Society Environmental Protection Corporate Philanthropy 16 Lecture by Ms. Lim You Ping