2. CHAPTER OBJECTIVES © SOUTH-WESTERN EDUCATIONAL PUBLISHING SOCIAL AND ETHICAL ENVIRONMENT OF BUSINESS nDescribe the changing nature of the population, the labor force, and their impact on businesses. nDiscuss how the values of Americans have changed and how business has adapted to those changed values. nDebate the dilemma posed by the need for business to grow and the need to protect the natural environment. nSuggest ways in which businesses can be socially responsible. nPredict how changes in society and business will affect employment in the future. 22

3. © SOUTH-WESTERN EDUCATIONAL PUBLISHING HUMAN RESOURCE ISSUES nPopulation nGrowing population nChanging population nBaby boom nBaby bust nMoving population nFrost Belt nSun Belt nRust Belt

4. © SOUTH-WESTERN EDUCATIONAL PUBLISHING HUMAN RESOURCE ISSUES Population of the United States

5. © SOUTH-WESTERN EDUCATIONAL PUBLISHING HUMAN RESOURCE ISSUES nLabor force nPoverty nEqual employment nGlass ceiling nSticky floor syndrome nComparable worth

6. © SOUTH-WESTERN EDUCATIONAL PUBLISHING HUMAN RESOURCE ISSUES nSocietal values nGeneration X nNet Generation nEmployer practices nRedesigning jobs nImproving health and safety nFamily-friendly practices

7. © SOUTH-WESTERN EDUCATIONAL PUBLISHING NATURAL RESOURCE ISSUES nManaging the environment nControlling environmental pollution

8. © SOUTH-WESTERN EDUCATIONAL PUBLISHING ETHICAL ISSUES nBusiness ethics nEthical dilemmas

9. © SOUTH-WESTERN EDUCATIONAL PUBLISHING SOCIAL RESPONSIBILITY OF BUSINESS Social responsibility — the duty of a business to contribute to the well being of society