Ethic Foundation to Stakeholder
PA R T
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From Ethical Foundation to Addressing Stakeholder Needs
Chapter 1. The Foundation of Ethical Thought Chapter 2. The Evolving Complexities of Business Ethics Chapter 3. Stakeholders and Corporate Social Responsibility
1
C H A P T E R
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The Foundation of Ethical Thought
The biggest corporation, like the humblest citizen, must be held to strict compliance with the will of the people. —Theodore Roosevelt We demand that big business give people a square deal; in return we must insist when anyone engaged in big business honestly endeavors to do right, he shall himself be given a square deal. —Theodore Roosevelt
CHAPTER OBJECTIVES
After reading and studying Chapter 1, students should be able to 1. Define the terms ethics and business ethics. 2. Describe the different types of ethical examinations and frameworks. 3. Explain the seven deadly sins and their relationship to ethical behavior. 4. Discuss the Global Business Standards Codex with respect to a company’s responsibility.
Panera Cares Community Cafés: A Loaf in Every Arm
The foundation arm of Panera Bread has established the “Panera Cares community café” program. A Panera Cares café is a café in which the customers decide how much to pay for their meal. The menu is consistent with a regular Panera Bread café, and for those customers with limited financial resources, the café will
2
Chapter 1
The Foundation of Ethical Thought
3
exchange one hour of volunteer work for a meal. Panera Bread’s philosophy is that “at the end of the day, this café isn’t about offering a handout. It’s about offering a hand up to those who need it.”1 Located in Portland, Oregon; Clayton, Missouri; and Dearborn, Michigan, the Panera Cares locations are strategically selected based on the needs of the local community and infrastructure variables such as easy access via public transportation. There are no prices or cash registers; there are only suggested donation levels and donation bins. Panera Cares café is run through
I
From Ethical Foundation to Addressing Stakeholder Needs
Chapter 1. The Foundation of Ethical Thought Chapter 2. The Evolving Complexities of Business Ethics Chapter 3. Stakeholders and Corporate Social Responsibility
1
C H A P T E R
1
The Foundation of Ethical Thought
The biggest corporation, like the humblest citizen, must be held to strict compliance with the will of the people. —Theodore Roosevelt We demand that big business give people a square deal; in return we must insist when anyone engaged in big business honestly endeavors to do right, he shall himself be given a square deal. —Theodore Roosevelt
CHAPTER OBJECTIVES
After reading and studying Chapter 1, students should be able to 1. Define the terms ethics and business ethics. 2. Describe the different types of ethical examinations and frameworks. 3. Explain the seven deadly sins and their relationship to ethical behavior. 4. Discuss the Global Business Standards Codex with respect to a company’s responsibility.
Panera Cares Community Cafés: A Loaf in Every Arm
The foundation arm of Panera Bread has established the “Panera Cares community café” program. A Panera Cares café is a café in which the customers decide how much to pay for their meal. The menu is consistent with a regular Panera Bread café, and for those customers with limited financial resources, the café will
2
Chapter 1
The Foundation of Ethical Thought
3
exchange one hour of volunteer work for a meal. Panera Bread’s philosophy is that “at the end of the day, this café isn’t about offering a handout. It’s about offering a hand up to those who need it.”1 Located in Portland, Oregon; Clayton, Missouri; and Dearborn, Michigan, the Panera Cares locations are strategically selected based on the needs of the local community and infrastructure variables such as easy access via public transportation. There are no prices or cash registers; there are only suggested donation levels and donation bins. Panera Cares café is run through
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