• Lecture 03: • Ethics & Social Responsibility Tutor: KW CHING kwching@ntu.edu.sg kwching@singnet.com.sg The environment creates uncertainty for managers Managers must respond and design adaptive organizations Uncertainty – managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes 2 Management as an Integrating Activity Individuals – Organization – Environment Environment (Forces) Organization (Design ) Individuals
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corporate scandals‚ business organizations have incorporated business ethics codes and social responsibility programs as part of their strategy to boost their public image and reputation in the community along with the reduction of potential legal fees or financial settlements resulting from legal actions against the organization. Ethics refer to the fundamental principles of an individual or a group. Social responsibility is how a business performs its activities to meet its wider obligations
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organization is very important as it is a crucial factor for the organization’s success. Companies with strong ethics program tend to have a better reputation‚ can reduce potential costly fines‚ provide better access to capital‚ enhance customer loyalty‚ and most importantly‚ positively affect their employees’ performance and commitment to work. What is ethics? And what does it mean to be ethical? Ethics is the code of moral principles‚ values‚ and beliefs that set standards for what is “wrong” and what
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Business ethics and corporate social responsibility have become an increasing area of focus for organizations today. However‚ this has not always been the case in the American business environment. Chapter three "Conducting Business Ethically and Responsibly" (R.W. Griffin & R.J. Ebert‚ p.56 - p.87) concentrates on the development of ethical codes of conduct as it relates to business. The chapter also focuses on the social responsibility an organization holds in relation to everyday decision making
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Ethics are a collection of principles of right conduct that shape the decisions people or organizations make. In a market economy‚ a business put all possible effort in its own best interest in order to make the best profit. In other hand‚ businesses are involved each other in that process. It’s ethical in business to do the best possible for your own business without harm the interests or profits to other businesses involved. Ethical behavior is what all carrier people should have in all businesses
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the company opened new cosmetological and bacteriological facilities to gain a significant entry into skin care‚ makeup and perfume markets. Companies such as Garnier and André Courrèges were added into the group. In 1993‚ L’Oreal was facing some ethics problems. The animal right activists were about to protest about the use of animal testing that was doing by L’Oreal. As a top manufacturer of cosmetic products‚ L’Oreal intended to maintain its good reputation and image by ending the activity of
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Riordan Manufacturing– Business Systems Analysis Riordan Manufacturing– Business Systems Analysis Mission Riordan Manufacturing leads the industry in the field of plastic injection molding. The organization specializes in innovative plastic designs‚ manufacturing plastic bottles‚ fans‚ heart valves‚ medical stents and other custom plastic parts. As a for-profit organization‚ Riordan Manufacturing is one of the fastest growing organizations in its field‚ with annual earning
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Business Ethics and Corporate Social Responsibility |BUSINESS ETHICAL BEHAVIOR & CORPORATE SOCIAL RESPONSIBILITY | | | |Student’s Name:Renee Giordani | | | |Course Title:Sales Management | | | |Professor:Gene Dichiara | | | |SUNY EMPIRE STATE COLLEGE | | | |Date: December 09‚ 2014 | Business Ethical Behavior & Corporate Social Responsibility: Why Organizations Must Have IT Corporate Social Responsibility has gradually developed into one of the greatest ethical aspects that have to be
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Riordan Manufacturing has grown from a small plastics research and development firm to a multinational plastics manufacturing power in the brief span of 14 years. This growth has seen Riordan expand their operation to multiple manufacturing and distribution points across North America and China. Riordan now services over 32 customers of varying size‚ including automotive parts manufacturers‚ aircraft manufacturers‚ the Department of Defense‚ appliance manufacturers‚ and beverage bottlers. This rapid
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Riordan Manufacturing Strategic Plan MGT/498 Riordan Manufacturing Strategic Plan Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions. Satisfying the purpose of the strategic planning process for Riordan Manufacturing‚ the management team has taken into
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