Chapter 2 Social and Ethical Environment of Business ©2008 Thomson/South-Western
Lesson 2.1 Human Resource Issues Goals Describe the changing nature of the U.S. population and how this impacts businesses. Explain the issues that businesses face with the U.S. labor force. Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business HUMAN RESOURCE ISSUES Population Growing population Changing population Baby boom Baby bust Moving population Frost Belt Sun Belt Rust Belt Chapter 2 Social and Ethical Environment of Business
Population of the United States Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business HUMAN RESOURCE ISSUES Labor force Labor participation rate Poverty Equal employment Glass ceiling — invisible barrier to job advancement Sticky floor syndrome — inability of workers to move up from low-paying, entry-level jobs Comparable worth — “equal pay for comparable work” Chapter 2 Social and Ethical Environment of Business
Trends in the Labor Force Chapter 2 Social and Ethical Environment of Business
Lesson 2.2 Societal Values Goals Discuss how the values of Americans have changed. Explain how businesses have adapted to changing values. Describe the dilemma posed by the need for business to grow and the need to protect the natural environment. Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business Societal Values Changing American values Generation X Net Generation Employer responses Redesigning jobs Improving health and safety Family-friendly practices, including telecommuting Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business Societal Values Natural resource issues Managing the environment Recycling — reusing products and packaging whenever possible Controlling environmental pollution Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business Lesson 2.3 Ethical Issues Goals Describe how ethics relates to business practice. Suggest ways in which business can be socially responsible. Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business Ethics Ethics — standards of moral conduct that individuals and groups set for themselves, defining what behavior they value as right or wrong Business ethics — collection of principles and rules that define right and wrong conduct for an organization Code of ethics — formal, published collection of values and rules that reflect a firm’s philosophy and goals Chapter 2 Social and Ethical Environment of Business
Chapter 2 Social and Ethical Environment of Business Ethical Issues Social responsibility — the duty of a business to contribute to the well-being of society Stakeholders — any individuals or groups affected by a firm’s actions, such as owners, customers, suppliers, employees, creditors, government, and the public Chapter 2 Social and Ethical Environment of Business