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CHAPTER 9: BUSINESS ETHICS/SOCIAL RESPONSIBILITY/ENV SUSTAINABILITY…
CHAPTER 9: BUSINESS ETHICS/SOCIAL RESPONSIBILITY/ENV SUSTAINABILITY
Social responsibility
action an organization takes beyond what is legally required to protect/enhance the well-being of living things
Sustainability
the extent that an organization's operations & actions protect, mend and preserve rather than harm/destroy the natural env
Business ethics
principles of conduct within organization that guide decision making & behavior
7 principles
Be trusted
Keep on open minded
Meet obligation
Have clear document
Become community involved
Maintain accounting control
Be respectful
Code
to ensure that the code of ethics is read, understood, believed, and remembered, periodic ethics workshop are needed to sensitize people to workplace circumstances in which ethics issues may arise
Ethics culture
Whistle-blowing
Policies that require employees to report any unethical violations they discover/see in the firm
Ethics training prog should include messages from CEO/owner of business emphasizing ethical business practices, the development and discussion of codes of ethics, and procedures fro discussing and reporting unethical behavior
Bribes
the offering, giving, receiving and soliciting any items of value to influence the actions of an official/other person in discharge of public/legal duty
Social policy
concerns what responsibilities the firm has to employees, consumers, environmentalist, minorities, shareholders and other groups
should strive to engage in social activities that have economic benefits
Environmental strategies include
developing/acquiring green business
divesting/altering env-damaging business
striving to become a low cost producer through waste minimization &energy conservation
pursuing a differentiation strategy through green product features
reasons why firms should be green
Consumer demand for environmentally safe products and pachages is high
Public opinion demanding that firms conduct business in ways that preserve natural env is strong
Environmental advocacy groups now have over 20 mill American as members
4.Federal&state environmental regulations are changing rapidly & becoming more complex
More lenders are examining the environmental liabilities of businesses seeking loans
6.Many consumer, supplier, distributors, and investors shun doing business with environmentally weak firms
Liability suits and fines against firms having environmentally prob are on the rise
Major requirement of an EMS
Show commitment to prevention of pollution, continual improvement in overall environmental performance, and compliance with all applicable statutory and regulatory requirement
Identify more aspects of the organizations's activities, products, and services that could have a significant impact on the env, including those are not regulated
Set performance obj and targets for the mgt system that link back to 3 policies( prevention of pollution, continual improvement, compliance)
Meet env obj that include training employees, establishing wok instruction and practices and establishing actual metrices by which the obj & target will be measured
Conduct an audit operation of EMS
Take corrective actions when deviation form EMS occur
ISO 14000
concerns the extend which a firm minimizes harmful effect on env caused by its activities and continually monitors & improves its own environmental performance
ISO 4001
set of standards adopted by thousands of firms worldwide to clarify to their constituencies that they are conducting business in an env freindly manner