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MANAGING SOCIAL RESPONSIBILITY AND ETHICS (encouraging ethical behavior…
MANAGING SOCIAL RESPONSIBILITY AND ETHICS
what is social responsibility?
classical view
social obligation
socioeconomic view
social responsiveness
social responsibility
arguments
for
social involvement
public expectations
long-run profits
ethical obligation
public image
better environment
discouragement of further governmental regulation
balance of responsibility and power
stockholder interests
possession of resources
superiority of prevention over cures
arguments
against
social involvement
violation of profit maximization, dilution purpose, costs, too much power, lack of skills, lack of accountability
green management and sustainability
shades of green
legal approach
market approach
stakeholder approach
activist approach
managers and ethical behavior
stages of moral development
individual characteristics
structural variables
organization's cultures
issue intensity
encouraging ethical behavior
hire individuals with high ethical standards
establish code of ethics
lead by example
set realistic goals
provide ethics training
conduct social audits
provide support for individuals facing ethical dilemma
social responsibility and ethics issues in today's world
managing ethical lapses and social irresponsibility
ethical leadership
protection whistle-blowers
promote social change through
corporate philanthropy
encourage employees to volunteer