AND SOCIAL RESPONSIBILITY BY OLIVER JOHN AUDREY B. ONOFRE
OBJECTIVES TO DEFINE BUSINESS ETHICS, SOCIAL RESPONSIBILITY, AND WHY ARE THEY IMPORTANT TO DIFFERENTIATE RESPONSIBILITY
BUSINESS
ETHICS
AND
SOCIAL
TO UNDERSTAND ETHICAL AND SOCIAL RESPONSIBILITY ISSUES
WHEN THEY ARISE
BUSINESS ETHICS VS. SOCIAL RESPONSIBILTY
BUSINESS ETHICS IS DEFINED AS THE PRINCIPLES AND STANDARDS THAT DETERMINE ACCEPTABLE CONDUCT IN BUSINESS ORGANIZATIONS o RELATES TO AN INDIVIDUALS OR A WORK GROUPS DECISIONS THAT SOCIETY EVALUATES AS RIGHT OR WRONG
SOCIAL RESPONSIBILITY AS A BUSINESSS OBLIGATION TO MAXIMIZE ITS
POSITIVE IMPACT AND MINIMIZE ITS NEGATIVE IMPACT ON SOCIETY. o A BROADER CONCEPT THAT CONCERNS THE IMPACT OF THE ENTIRE BUSINESSS ACTIVITIES ON SOCIETY.
GOOD BUSINESS REASONS FOR A STRONG
COMMITMENT TO ETHICAL VALUES 1. ETHICAL COMPANIES HAVE BEEN SHOWN TO BE MORE PROFITABLE. 2. MAKING ETHICAL CHOICES RESULTS IN LOWER STRESS FOR CORPORATE MANAGERS AND OTHER EMPLOYEES. 3. OUR REPUTATION, GOOD OR BAD, ENDURES. 4. ETHICAL BEHAVIOUR ENHANCES LEADERSHIP. 5. THE ALTERNATIVE TO VOLUNTARY ETHICAL BEHAVIOUR IS DEMANDING AND COSTLY REGULATION
RECOGNIZING ETHICAL ISSUES
AN ETHICAL ISSUE IS AN IDENTIFIABLE PROBLEM, SITUATION, OR OPPORTUNITY THAT REQUIRES A PERSON TO CHOOSE FROM AMONG SEVERAL ACTIONS THAT MAY BE EVALUATED AS RIGHT OR WRONG, ETHICAL OR UNETHICAL TYPES OF ETHICAL ISSUES CONFLICT OF INTEREST FAIRNESS AND HONESTY COMMUNICATIONS BUSINESS RELATIONSHIPS PLAGIARISM