5-2 Chapter 5 McGraw-Hill Ethics And Corporate Responsibility © 2011 The McGraw-Hill Companies‚ Inc. All rights reserved. Learning Objectives After studying Chapter 5‚ you will know: 5-3 how different ethical perspectives guide decision making how companies influence the ethics environment the options you have when confronting ethical issues the important issues surrounding corporate social responsibility how the political and social environment affects your firm’s competitive
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Hong Kong has the responsibility to reward the citizen in need with the profit they earned from the market. Nowadays‚ many people in society expect organizations or enterprises to be socially responsible to the society‚ which is called “social expectation”. The company can sense what society’s needs through the three level of social expectation so that knowing how expectations condition can give insights into the society’s every level. Under the socioeconomic view‚ the social expectations are
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Social Responsibility What Definition Making a profit within the ambit of the law and to make decisions that will benefit not only the interest and welfare of society but also that of the organisation Origins of Social Responsibility • Entrepreneurs recognised a responsibility to employees. This refers to an act of paternalism to act in a fatherly way‚ caring and taking responsibility • Josesph Rowntree – Paternalistic Chief Executive – provide generous medical and dental schemes. Not possible
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Confucianism versus Daoism: Responsibility Two schools of thought that arise around the same time in Ancient China are Confucianism and Daoism. Each teaches that people have certain responsibilities; however‚ they teach different types of responsibility. Kungfuzi‚ or Confucius‚ argues that every person has a responsibility placed on his shoulders to help improve society in the here and now. While Lao Tzu‚ the originator of Daoism‚ believes that each person has a responsibility‚ he believes that
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The Importance of Corporate Social Responsibility on Global Business Let’s first define Corporate Social Responsibility (CSR) The World Business Council for Sustainable Development (WBCSD): "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”. EU Definition of CSR: "A concept
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Social Responsibility (CSR) is simple‚ according to the book: “Distinguishing right from wrong and doing right”. Social responsibility benefits both individual and companies as well. Luo and Bhattacharya (2006) address the fact that companies are increasingly taking direct steps to communicate their CSR to customers and stake holders to increase factors that will benefit the company. As we can see in this movie most of the actors or bosses are not that ethical. Before they engage in a journey of
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The Responsibility Project Hot Seat ETH/316 Deborah Stevens June 25‚ 2014 The Responsibility Project Hot Seat http://responsibility-project.libertymutual.com/films/hot-seat How many times in the workplace have we passed the buck? No one wants to admit it but more times that often many of us have passed the blame or given the responsibility of something that we should have done to someone else. This paper will discuss the importance of the issues of the
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1.0 ETHICS IN THE LEGAL PROFESSION 1.1 Ethics 1.11 What is Ethics? Ethics‚ also known as moral philosophy‚ is a branch of philosophy that addresses questions about morality—that is‚ concepts such as good and evil‚ right and wrong‚ virtue and vice‚ justice and crime‚ etc. 1.11 Why is Ethics important? Ethics is a requirement for human life. It is our means of deciding a course of action. Without it‚ our actions would be random and aimless. There would be no way to work towards a goal
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The Importance of Ethics in Social Media Networks Introduction In the recent decades‚ we have been witness of a big technological revolution. It has caused a deeply and truly transformation in the way of perceiving the wolrd. The arrival of new information and communication systems has opened a whole range of possibilities for individuals‚ companies‚ institutions and government: new ways of doing business‚ more and better informed citizens‚ new relations between individuals‚ new education
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Outline: Social Responsibility Northcentral University August 4th‚ 2013 2 I. What is Corporate Social Responsibility? A. How did Corporate Social Responsibility started? 1. What is the impact of Corporate Social Responsibility from a company’s
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