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Topic 6 : Business ethics and social responsibility. - Coggle Diagram
Topic 6 : Business ethics and social responsibility.
Defining business ethics
written and unwritten codes of principle values that govern decision and actions within in a company.
Social Reponsibility
the duty to do what is the best for the good of society
Customers
2.Employees
3.Environment
customers
business should offer a good, safe product or service at reasonable price
Employees
safe working conditions
a division of the department of labour that sets and enforces work- related health and safety rules.
Equal Treatment and Fair Pay
requires men and women to be paid the same wages for doing equal work.
Environment
Business have an obligation to conserve resources and protect environment around them.
business ethics
moral management
immoral management
amoral management
why we need the codes
to increase public confidence
to reduce regulation
to improve internal operations
to respond transgressions
who care about business ethics?
customers
managers/owners/shareholders
pressure groups/activicts
workforce
the community
transpartners