logo image Write My Paper

Business 101: Chapter 4 – Business Ethics & Social Responsibility

beliefs about right and wrong
Social Responsibility:
the obligation of a business to contribute to society
6 Universal Ethical Standards:
1. trustworthiness
2. respect
3. responsibility
4. fairness
5. caring
6. citizenship
6 Keys for a Code of Ethics:
1. executive buy-in
2. clear expectations
3. integrated approach
4. global & local
5. whistleblower support
6. reporting & enforcement
Groups with a personal interest in the performance & actions of an organization
Responsibilities to Employees:
meet legal standards, workplace safety, minimum wage & overtime requirements, value employees, work/life balance
Responsibilities to Consumers:
consumers have the rights to be safe, informed, to choose, and to be heard
Planned Obsolescence:
intentionally designing products to fail
Responsibilities to Investors:
meet legal requirements (ie: Sarbanes-Oxley), responsible use of corporate money, honesty
Responsibilities to Community:
cause-related marketing, corporate philanthropy (donations to nonprofits), corporate responsibility (actions)
Responsibilities to Environment:
sustainable development, monitoring carbon footprint, green marketing
Social Audit:
systematic evaluation of how well a firm is meeting is objectives on ethics & social responsibility

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy close