1. Chapter 2 Social and Ethical Environment of Business
©2008 Thomson/South-Western

2. 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

3. 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

4. Population of the United States
Chapter 2 Social and Ethical Environment of Business

5. 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

6. Trends in the Labor Force
Chapter 2 Social and Ethical Environment of Business

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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