1. The analytical method of legal requirements can be summarized very simply in the statement that everyone should always obey the law. The law in a democratic society can be said to represent the minimal moral standards of that society, and those minimal moral standards should recognize the nature and understand the worth of individual human beings. You may or may not agree with the extent of those standards, or the degree of that recognition and understanding, but - the legal argument continues --you cannot really fault a person who obeys the law. You may feel that a person within an organization who faces a complex moral problem in which some people are going to be harmed and harmed badly, or have their rights eroded and eroded harshly, should go beyond the law. That person, however, may disagree with you. He or she may say, "We plan to optimize returns for our firm and benefits for our society. If you don't like that outcome, get together with a majority of your fellow citizens and pass a new law, which more fully recognizes the nature and understands the worth of other people, and we will obey the provisions of that new law. But, until that happens please do not lecture us on the superiority of your moral standards. We see nothing wrong with what we are doing, and evidently other people don't either for what we are doing is currently legal and approved by a majority of the population."

2. There is a lack of a direct relationship between moral standards and legal requirements. The statement "It's not against the law"should not totally settle the matter.

3. The Importance of Values JudgmentContent IntensityStability

4. Types of Values TerminalValuesTerminalValuesInstrumentalValuesInstrumentalValues

7. Dominant Work Values in Today’s Workforce

8. Religious/cultural & political context Individual exposure to cultural context - family units - peer groups - formal organizations Individual persons,Small groupsFormal organizationsPolitical processesLegal system w/changing norms,w/similar norms,w/consensus normsw/conflicting normsw/standard norms beliefs & valuesbeliefs & valuesbeliefs & valuesbeliefs & valuesbeliefs & values Individual exposure to economic context - family units - peer groups - formal organizations Economic, social & political context

9. Corporate Social Responsibility 51243Philanthropic 53214Ethical 54123Legal 53241Economic OthersCommunityEmployeesCon- sumers OwnersCSR Component Stakeholder Group Addressed and Affected Stakeholder View

10. Understanding the Four Components Be a good corporate citizen.Desired/ Expected Discretionary (Philanthropic) Do what is right, fair and just.ExpectedEthical Obey laws and regulations.RequiredLegal Be profitable. Maximize sales, minimize costs, etc. RequiredEconomic ExamplesSocietal Expectation Responsibility

11. Why is this view that laws represent the combined moral judgments of members of our society popular among many people? Because it is so simple and direct, and offers a basis for choice that can be ascribed to others without accepting responsibility oneself "I don't like it but it's the law" is an easy evasion of responsibility.

12. C an you think of a situation that is clearly not illegal and yet can easily be seen to be unethical (i.e., water and air pollution before passage of the various pollution control laws as one example and racial, gender or age discrimination before passage of civil rights legislation as another)?