1. Soc. Resp. in Business Today Inputs Outputs Gov. Soc.Cult.

2. Internal: Employees Working Conditions Human Resource Utilization External: Community Affairs Consumer Affairs Environmental Affairs Types of Social Responsibility

3. 1. One and only objective of business is to make a profit. 2. Business people are not qualified to make such decisions. 3. Involvement in social issues will combine the role of business with that of civil servants. Traditional Viewpoint: The Case Against

4. 4. Involvement violates their fiduciary responsibility. 5. Involvement will worsen the balance of trade problem. 6. Rely instead on the working of competition. -Invisible Hand Theory The Traditional Case: continued

5. 1. Enlightened Self-Interest 2. Anti-Freeloader Argument 3. Iron Law of Responsibility 4. New Professionalism 5. Capacity Argument The “Case For” Social Responsibility

6. 1. Religion 2. Legal System illegal legal Unethical ethical A B C D Sources of Ethics

7. 3. “Response of Peers” 4. Philosophical Systems Sources of Ethics: continued

8. 1. Utilitarian Approach 2. Individualism Approach 3. Moral-Rights Approach 4. Justice Approach Philosophical Systems ?? ?

9. Lower Ethics Higher Ethics Ethics and Occupations