Business ethics and social responsibility module 1

  • What did you learn about business ethics and social responsibility?

    Though every business forms a unique set of principles, they usually follow the same ethical standards.
    Social responsibility is a business's duty to make ethical decisions that positively impact society.
    Organizations need to consider how their actions affect communities to create long-lasting trusting relationships..

  • What do you learn in business ethics and social responsibility?

    Understanding business ethics and social responsibility
    Business ethics are the set of values and principles that guide how a company conducts its operations.
    These values include honesty, integrity, respect, and fairness.
    They also include principles such as transparency, accountability, and social responsibility..

Rating 4.7 (24) Learning Area: Business Ethics and Social Responsibility Classification: Specialized Subject Track/Strand: Academic/Accountancy, Business, and Management 

What is business ethics & social responsibility?

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY business ethics In this chapter, we define business ethics as the principles and standards that deter- principles and standards mine acceptable conduct in business organizations.

Who is responsible for social problems?

4.
Many people believe that social problems are the responsibility of government agen- cies and officials, who can be held accountable by voters. f Chapter 2 Business Ethics and Social Responsibility 43 firms’ relations with employees, government regulators, owners, suppliers, customers, and the community.

Why is social responsibility important?

Social responsibility is necessary to ensure economic survival:

  • If businesses want ed- ucated and healthy employees
  • customers with money to spend
  • and suppliers with quality goods and services in years to come
  • they must take steps to help solve the social and environmental problems that exist today.
    Against: 1.

    • What is business ethics & social responsibility?

    BUSINESS ETHICS AND SOCIAL RESPONSIBILITY business ethics In this chapter, we define business ethics as the principles and standards that deter- principles and standards mine acceptable conduct in business organizations

    What is ethical behavior in a business?

    Ethical be- haviour within a business involves keeping company secrets, meeting obligations and responsibilities, and avoiding undue pressure that may force others to act unethically

    Managers, in particular, because of the authority of their position, have the oppor- tunity to influence employees’ actions

    Why is social responsibility important?

    Social responsibility is necessary to ensure economic survival: If businesses want ed- ucated and healthy employees, customers with money to spend, and suppliers with quality goods and services in years to come, they must take steps to help solve the social and environmental problems that exist today

    Against: 1

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