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LU 4 MANAGING SOCIAL RESPONSIBILITY & ETHICS - Coggle Diagram
LU 4 MANAGING SOCIAL RESPONSIBILITY & ETHICS
Explain the major perspectives of corporate social responsibility, and identify the major stakeholder groups frequently associated with social responsibility
Shareholders
Stakeholders
Employees
Customers/ Environment
Society/ Investors/ Suppliers
Major perspectives
Economic Responsibilities
Legal Responsibilities
Ethical Responsibilities
Discretionary Responsibilities
Describe organizational social responsiveness
Establish methods of monitoring social demands and expectations in the external environment
Social forecasting
Opinion surveys
Social audits
Issues management
To develop internal social response mechanisms
Individual executives
Temporary task forces
Permanent committees
Permanent departments
Combination approaches
Understand how the nature of a management job creates the possibility for ethical abuses
Outline ethical guidelines for managers, and explain the actions managers can take to handle ethical situations and avoid ethical conflicts
A Basic Model of Ethical Decision-Making
4 Steps of Developing Ethical Climate
What is organizational social resposibility?
A company’s obligation to act ethically and contribute to economic development
Improving the quality of life of employees, the local community, and society at large.