Social Responsibility and Business Ethics Doing the Right Thing

Learning Goals Goal 1 Describe social responsibility issues. Goal 2 Identify benefits and costs of social responsibility. Goal 3 Explain the purpose of a code of ethics.

What is Social Responsibility?

One Company’s Efforts

SOCIAL RESPONSIBILITY ISSUES Environmental protection Workplace diversity Job safety Employee wellness

SOCIAL RESPONSIBILITY EVALUATION Benefits Expanded justice for groups of a society Enhanced company image Reduced need for government actions

SOCIAL RESPONSIBILITY EVALUATION Benefits Improved quality of life in a community and around the world Increased awareness of social issues among workers, consumers, and others

SOCIAL RESPONSIBILITY EVALUATION Costs New nonpolluting or safer equipment Building repairs to remove risks Wellness and rehabilitation programs Social projects sponsored by a company

Other Companies Think about or look up some other socially responsible companies and post on the link on our page. Be prepared to explain

BUSINESS ETHICS Code of ethics Ethical conduct guidelines Is the action legal? Does the action violate professional or company standards? Who is affected by the action and how?

GUIDELINES FOR WRITING A CODE OF ETHICS Determine the purpose of the code. Tailor the code to the needs and values of the organization. Consider involving employees from all levels of the company in writing the code. Determine the rules or principles that all members of the organization will be expected to adhere to.

GUIDELINES FOR WRITING A CODE OF ETHICS Include information about how the code will be enforced. Determine how the code will be implemented and where it will be published or posted. Determine how and when the code will be reviewed and revised.