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