K to 12 basic education curriculum senior high school accountancy, business and management abm specialized subject k to 12 senior high school abm specialized subject business ethics and social responsibility may 2016 page 4 of 5 code book legend sample. Chapter 4 business ethics and social responsibility section 4. European journal of business and innovation research vol. Introduction to business, business ethics and social responsibility slide 2 of 36 learning objectives after completing this chapter, youll be able to. This lesson will examine both concepts and differentiate between the two. K to 12 basic education curriculum senior high school. The company works with more than 100 canadian suppliers who provide it with wholesome and sustainable ingredients for its foods. Corporate performance, business ethics and corporate governance. Chapter 4 social responsibility of business and government. Business ethics, corporate social responsibility and corporate governance. Class 11th business studies important questions in chapter 6 social responsibilities of business and business ethics for free download in pdf format. Chapter 2 business ethics and social responsibility free download as powerpoint presentation. Business ethics chapter 5 moral rights and the workplace march 16, 2016.
This document was created with prince, a great way of getting web content onto paper. Chapter 4 chapter 4 business ethics and corporate social. Business ethics and corporate social responsibility 20 3 abstract global organizations are fastchanging in tech nological, legal, economic, social, and political structures with competing stakeholders as well as power claims. A mandates b ethics c business mindset d etiquette e philanthropy answer. Ethics and corporate social responsibility with a perspective that. Business ethics and social responsibility use this instructors manual to facilitate class discussion and incorporate the unique features of the texts highlights. View notes chapter 4 from sgsce 10 at baliuag university. Business ethics this document was created with prince, a. A set of moral principles or values that govern behavior. Business ethics ethics is the study of how people should act ethics also refers to the values and beliefs related to the nature of human conduct based on ethical standards or moral orientation business ethics.
Chapter 4 ethics and social responsibility fundamentals of. Business ethics are principles and standards that determine acceptable conduct in business. Business ethics and corporate social responsibility 20. Business management lap 4chapter 4 ethics and social. Social responsibility the obligation of a business. Business ethics and social responsibility the role of ethics in business key terms. Csr can create competitive advantages stakeholders have more power with increased access to information, both positive and negative companies can use their b rand identity to create social value, quality and customer loyalty allows a firm to differentiate themselves and promote. Positive abstractions that capture ones sense of what is good and desirable are. Ethics are a set of beliefs about right and wrong, good and bad. Chapter 2 business ethics and social responsibility.
The social responsibility movement arose particularly during the 1960s with increased public consciousness about the role of business in helping to cultivate and maintain highly ethical practices in society and particularly in the natural. A close relationship ethics and social responsibility often discussed in the same breathare closely related, but they are definitely not the same. Corporate social responsibility often translates into profits. Social responsibility the obligation of a business to contribute to society. A dilemma is a situation where a difficult choice must be made between two or more options. Chapter 3 social responsibility business ethics and. A business using a green marketing strategy promotes. Corporate social responsibility and business ethics.
In recent years, many organizations have embraced corporate social responsibility csr, a philosophy introduced in why ethics matter, in which the companys expected actions include not only producing a reliable product, charging a fair price with fair profit margins, and paying a fair wage to employees, but also caring for the environment and. The chapter also discusses how the concept of social responsibility applies both to environmental issues and to a firms relationships with customers, employees, and investors, and how issues of social responsibility and ethics affect small business. Chapter 02 business ethics and social responsibility. Chapter 4 business ethics, corporate social responsibility. This chapter presents a discussion of business ethics, the role of a formal code of ethics. List the steps for dealing with an ethical dilemma. Social entrepreneurship is a broad term for organizations that aim to solve social problems by entrepreneurial means. Ethics and social responsibility is a growing and developing discipline. Pdf there is growing research in all areas of ethics and csr that. Business ethics and social responsibility business. Pdf business ethics and corporate social responsibility is. An ethical dilemma is a moral problem with a choice between potential right and wrong.
Overview of ethics value system, attitudes, beliefs and life patterns 4. Be aware of isms principles and standards of ethical supply management conduct 2. However, the social responsibility movement is but one aspect of the overall discipline of business ethics. Sustainable marketing 5 mcdonalds and its suppliers are collectively focused on three responsibility areas. Choose from 500 different sets of chapter 4 business ethics social responsibility flashcards on quizlet. Business ethics, corporate social responsibility and corporate. Chapter 4 social responsibility of business and government directions. Nonprofits, partnerships, and labor unions are not covered by the us sentencing commission guidelines for organizations. Lately it has come into focus ever since the former prime minister atal bihari vajpayee pleaded for zero tolerance for. Chapter 4 ethics and social responsibility fundamentals. We also acknowledge previous national science foundation support under grant numbers 1246120, 1525057, and 14739. Chapter 4, ethics and social responsibility time frame 9 hours introduction in chapter 4, you will learn why business ethics are important, what ethical codes should include, how businesses solve ethical dilemmas, what laws relate to ethics in business, how thinking about corporate responsibility has changed since the nineteenth century, and. Ethics and social responsibility vtechworks virginia tech.
Learn vocabulary, terms, and more with flashcards, games, and other study tools. Chapter 4 business ethics and social responsibility student notes. Discuss how managers can manage ethical lapses and social responsibility. Business ethics and social responsibility business ethics how can businesses resolve ethical dilemmas. Ethics and mgmt by hosmer business ethics by shekher business ethics by chakrobarthy oxford publication syllabus 1. According to alter 2006, the hallmark of social entrepreneurship lies in its ability to combine social interests with business practices to effect social change. Learn chapter 4 business ethics social responsibility with free interactive flashcards.
Businesses are faced with many responsibilities including business ethics and social responsibility. Chapter 4 business ethics and social responsibility. Chapter managerial ethics and corporate social responsibility. Then record companies and artists pay the promoters to make sure their music gets on the radio. Chapter 4 business ethics and social responsibility pp. Importance of social responsibility in businesses success increases day by day social. Students discuss varying opinions on ethics training as a class. Business ethics social responsibility adobe acrobat. Chapter 4 business ethics and social responsibility course hero. They are embedded in and interact with multiple changing local, national, and international environments. According to alter 2006, the hallmark of social entrepreneur.
Business ethics, corporate social responsibility and. Understand the principal philosophies of ethics, including utilitarianism, dutybased ethics, and virtue ethics. Describe why ethical behavior is good for business. The correct answer for each question is indicated by a. Chapter 4 business ethics and social responsibility student notes free download as word doc. Business ethics chapter 3 corporate social responsibility march 16, 2016. Assess how to incorporate ethical considerations into. After reading this chapter, you should be able to do the following. Corporate social responsibility csr business ethics. This advantage for business is sometimes described as doing well by doing good. A close relationship ethics and social responsibilityoften discussed in the same breathare closely related, but they are definitely not the same. The us sentencing commission guidelines for organizations cover offenses related to invasion of privacy.
View benefit from csr corporate social responsibility online video and read chapter 4 in your textbook, then complete the worksheet below. Identify ethical issues that you might face in business, such as insider trading, conflicts of interest, and bribery, and explain. Business ethics chapter 4 the meaning and value of work. Learn the fundamental concepts of business ethics and their applications in leadership and company organization. Logo quiz a part or a whole logo of a company will be shown guess the name of that company 3. Chapter 4 ethics and social responsibility truefalse 1. Give reasons why ethical behavior is good for business. The main idea ethics are moral principles by which people conduct themselves personally, socially, and. Discuss how businesses can promote positive social change.
C h a p t e r business ethics, corporate social 04 responsibility. Cbse class 11 business studies social responsibility of. Corporate social responsibility corporate social responsibility means that businesses act in ways that balance profit and growth with the good of society. Business ethics social responsibility powerpoint slides ppt 2. Csr is then considered to be a fee charged on the returns derived from the wrongs.
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