Ethics and Corporate Social Respomsibility
obligation of org. to take actions that protect and improve the welfare of society as a whole along with its own interest
views on corporate social responsibility
supporting
opposing
stakeholders
shareholder
employee
customer
supplier
creditor
competitor
community
public interest grp and media
govt.
major areas in social responsibility
environment
consumerism
employment opportunity
community support
energy conservation
pollution control
incomplete information in advertising
product safety
overcharging
pressure sales
fair employment
biz ethics
differentiate right from wrong
some issues
conflict between personal values and org goals
conflict between org goals and social values
hazardous but popular products
exploitation of certain grps
factors affecting biz ethics
individual characteristics
org structural design
culture of org
ethical guideline
obey law
tell the truth
shwo respect
above all do no harm
companies shud punish violaters and reward ethical acts