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Improving Business Ethics
“Words Must be Supported by ACTION” Ethics Training Ethical Advocates Ethics Codes Whistle-Blowing
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Social Responsibility Strategies
Reaction Defense Accommodation Proaction
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“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
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“Clara Conti Gets Back What She Gives”
Founder of Aurora Enterprise Solutions Based in Reston, VA Profits 4 million in annual revenue
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“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
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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
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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
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What Would You Do?
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