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Improving Business Ethics

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Presentation on theme: "Improving Business Ethics"— Presentation transcript:

1 Improving Business Ethics
“Words Must be Supported by ACTION” Ethics Training Ethical Advocates Ethics Codes Whistle-Blowing

2 Social Responsibility Strategies
Reaction Defense Accommodation Proaction

3 “A Canadian Logger Goes Against the Grain”
Corporate Social Responsibility 4 Social Responsibility Strategies Proaction Enlightened Self-Interest Ethical Hot Spot The conventional way to log Ethical Advocate Forest Ecologist

4 “Clara Conti Gets Back What She Gives”
Founder of Aurora Enterprise Solutions Based in Reston, VA Profits 4 million in annual revenue

5 “Clara Conti Gets Back What She Gives”
Out of the 4 social responsibilities the company is proaction Proaction- taking the initiative with new programs that serve as a model for the industry Her firm tithes 10% of its pre-tax profits to charity The engineers build databases for charities and provide computer training for the poor Altruism- unselfish devotion to the interest of others Enlightened self interest- the realization that business helps itself by helping to solve societal problems

6 Social Responsibility
I. Definition and Perspectives Corporate Social Responsibility idea that business has social obligations above and beyond making a profit Must be voluntary Aaron Feuerstein Importance New Concept

7 Corporate Social Responsibility
II. Who Benefits? Study found that there is a positive correlation between industry leadership in environmental protection/pollution control and profitability Corporate social responsibility to be a competitive advantage in recruiting talented people Importance As a manager you want to do what is necessary to increase profits for the business. Social Responsibility may be part of the answer

8 What Would You Do?


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