Presentation on theme: "Social Responsibility and Business Ethics Introduction to Business Mrs. Jurecka."— Presentation transcript:
Social Responsibility and Business Ethics Introduction to Business Mrs. Jurecka
Social Responsibility The obligation of a business to contribute to the well-being of a community. 4 social responsibility issues businesses face: –Environmental Protection –Workplace diversity –Safety on the job –Employee Wellness
Environmental Protection Conservation (protecting scarce natural resources) –Example: reforestation programs of lumber companies Non-renewable resources-resources that cannot be replaced when used up –examples: gas, oil A Socially responsible business takes action to eliminate causes of pollution –EPA (Environmental Protection Agency) - the government agency that monitors standards for air and water quality
Workplace Diversity There are four groups that businesses must consider. They are increasingly sensitive to the role of: 1.Women in the workplace 2.Ethnic groups 3.Physically challenged workers 4.Older workers
1. Women in the workplace: cannot discriminate based on sex should take steps to remove employment barriers to women.
2. Ethnic groups cannot discriminate based on ethnicity managing a work force made up of the various cultures in our society is a major challenge to businesses
3. Physically challenged cannot discriminate based on handicap should make facilities accessible to physically challenged must accommodate individuals who are physically challenged
4. Older workers cannot discriminate based on age laws have been passed to eliminate this type of discrimination
Workplace Diversity - concluded Members of these groups must have equal access to: –education –training –jobs –career advancement
Safety on the Job Having a safe place to work is important to workers. Areas that businesses must address when providing safety on the job: –Protection from physical harm –Employee training in how to work safely –Emergency procedure training The government sets standards for safety which are regulated by agencies such as OSHA (the Occupational Safety and Health Administration)
Employee Wellness Businesses do various things to improve the health of their work force. –stop smoking programs –counseling –fitness centers Many contracts and company policy manuals include clauses (conditions of work) that pertain to the health and safety of employees while on the job
Costs of Social Responsibility When businesses take socially responsible action, there are monetary costs involved. Because businesses are motivated by profit, spending on social programs must be restrained so the businesses can still earn a profit.
Business Ethics Ethics: Principles of morality or rules of conduct. Business Ethics: Rules about how businesses and employees ought to behave. –If a business or employee demonstrates ethical behavior, he is following business ethics.
Code of Ethics A statement of rules for guiding the behavior of employees or members of an organization. Must be written so that it states acceptable behavior. The ethical conduct of a business is greatly determined by the behavior of top management. Sometimes businesses must provide training on ethical behavior.
Business Ethics Worldwide Can cause confusion in international business. Some actions that are considered unethical in the US are considered common business practices in other countries –example: giving gifts to government officials