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

2. 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

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

4. 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

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

6. 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

7. 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

8. 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

9. 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