1. Social Responsibility of Business and Government
CHAPTER 4
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Social Responsibility of Business and Government
4-1 Social Responsibility
4-2 Government Protection Activities
4-3 Government Regulation and Assistance
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2. LESSON 4-1 Social Responsibility
Goals
Describe social responsibility issues.
Identify benefits and costs of social responsibility.
Explain the purpose of a code of ethics.
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3. Key Terms social responsibility non-renewable resource ethics
business ethics
code of ethics
conflict of interest
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4. SOCIAL RESPONSIBILITY ISSUES
Business must weigh the interests and concerns of the community it serves
Protection of the environment
Diversity in the work place
Employment of the physically challenged
Older workers
Healthy and safe work environment
Social responsibility – the duty of a business to contribute to the well-being of a community
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5. SOCIAL RESPONSIBILITY ISSUES
Environmental protection
Workplace diversity
Job safety
Employee wellness
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6. SOCIAL RESPONSIBILITY ISSUES: Environmental Protection
Conservation – the saving of scarce natural resources
Non-renewable resource – a natural resource that cannot be replaced when used up
Pollution – environment is tainted with by-products of human actions
Environmental Protection Agency
Government agency that monitors and enforces standards set to measure water and air quality
Works with businesses to reduce pollution
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7. SOCIAL RESPONSIBILITY ISSUES: Workplace Diversity
Work force should reflect the range of groups in a community
Women, ethnic groups, older workers, physically challenged
Equal access to training, education, jobs and career advancement
Americans with Disabilities Act (ADA)
Established to accommodate physically challenged workers
Buildings must provide wheelchair access
Sight or hearing limitations must be accommodated on the job
Discrimination in Employment Act
Eliminates bias against older workers
Protects all persons aged 40 and older
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8. SOCIAL RESPONSIBILITY ISSUES: Job Safety
The work place should be free from risks that could cause accidents.
Protection from fire and other hazards
Safety also involves employee training in how to work safely and what to do in case of an emergency.
Safety standards are regulated and enforced by government agencies such as the Occupational Safety and Health Administration (OSHA).
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9. SOCIAL RESPONSIBILITY ISSUES: Employee Wellness
Healthy employees = productive employees
Employee programs
Stop-smoking
Counseling or drug rehab
Weight loss
Sports teams
Employee manual
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10. SOCIAL RESPONSIBILITY EVALUATION
Benefits
Expanded justice for groups of a society
Enhanced company image
Reduced need for government actions
Improved quality of life in a community and around the world
Increased awareness of social issues among workers, consumers, and others
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11. SOCIAL RESPONSIBILITY EVALUATION
Costs
New nonpolluting or safer equipment
Building repairs to remove risks
Wellness and rehabilitation programs
Social projects sponsored by a company
(continued)
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12. ETHICS Principles of morality or rules of conduct
Business ethics – the rules how businesses and their employees behave
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13. BUSINESS ETHICS Code of ethics Ethical conduct guidelines
A set of rules for guiding the actions of employees or members of an organization
Worded in terms of acceptable behavior rather than forbidden action
Ethical conduct guidelines
Determined by top management (executives)
Programs designed to promote employee honesty and integrity
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14. BUSINESS ETHICS (cont’d)
Guidelines
Is the action legal?
Does the action violate professional or company standards?
Who is affected by the action and how?
Conflict of interest – when an action by a company or individual results in an unfair benefit
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15. >> C H E C K P O I N T
An example of a non-renewable resource would be a. solar energy b. gold c. agricultural d. a library book products
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16. >> C H E C K P O I N T The ADA requires that a company
Provide training to people with disabilities
Find ways to help workers who are physically challenged
Hire a certain number of people with special needs
Adapt products manufactured for special-needs customers
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17. >> C H E C K P O I N T A code of ethics is designed to
Meet government regulations
Reduce operating costs of a company
Provide guidelines for proper behavior
Improve employee productivity
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