Explain the ethical and social responsibility issues facing managers today
- Three Common Ethical Issues Facing Managers in Business
- Chapter 5 Managing Social Responsibility and Ethics
- What Are Some Problems that Businesses Face in Social Responsibility?
Three Common Ethical Issues Facing Managers in Business
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How important is it for organizations and managers to be socially responsible and ethical? Focus on the following learning outcomes as you read and study this chapter. For each pair of shoes it sells, it donates a pair to a child in need. Founded by Blake Mycoskle, who experienced firsthand the injuries that children suffer when they have no shoes, the business concept is one of mixing charity with commerce. TOMS is popular with teens and twenty-somethings and has donated almost half a million shoes so far.
Businesses face the challenge of having to make profits and being socially responsible at the same time. Large corporations that are accountable to shareholders and sole proprietorships alike consistently make difficult choices that come with varying consequences. Socially responsible businesses pay their labor force a decent living wage, offer health benefits and safe working conditions. Many small businesses would not be able to operate, however, if they paid more than minimum wage, offered employees full-time hours and provided health insurance for workers and their families. Moving manufacturing offshore to third world countries is an option some businesses choose to keep consumer prices down and remain competitive.
The growing prevalence of CSR within the corporate environment has heightened many managers' awareness of ethical issues and of their.
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All people belong to various organisations. We are frequently finding some ethical dilemmas regarding the right and wrong when values are in conflict. All the organisations expect loyalty from the employees. The modern society has become a cynical society with the 'distrust' and 'mistrust' of scientists, business leaders and managers. The unethical practices are increasing in the organisations. Amitai Etzioni, a famous sociologist was a visiting professor at Harvard Business School concluded that, "by and large, I clearly had not found a way to help classes full of MBA's see that there is more to life than money, power, fame and self-interest".
Managers are responsible for setting the example of ethical behavior for employees. Employees across your organization are more likely to understand the importance of business ethics when management takes the leadership role and stresses the ethical behaviors you want your company to practice. You can also make a positive impact in your community when you make commitments that support social responsibility. Programs that promote ethics and social responsibility contribute to a positive culture and image for your company. Part of the ethical responsibility of management is to ensure that the company complies with applicable laws and regulations.
Three important trends related to ethics and corporate social responsibility are strategic changes in corporate philanthropy, a new social contract between employers and employees, and the growth of global ethics and corporate social responsibility. Historically, corporate philanthropy has typically involved companies seeking out charitable groups and giving them money or donating company products or services. Another trend in social responsibility is the effort by organizations to redefine their relationship with their employees. Many people have viewed social responsibility as a one-way street that focuses on the obligations of business to society, employees, and others. Now, companies recognize that the social contract between employer and employee is an important aspect of the workplace and that both groups have to be committed to working together in order for the organization to prosper.
Chapter 5 Managing Social Responsibility and Ethics
A business manager is the point person between boards of directors and employees, so she can sometimes find herself in ethically delicate situations when these two sides conflict. Dealing with everyone in a workplace in a fair and evenhanded manner can be a challenge, particularly when others are not making the same effort to be reasonable. The question of ethics in business has been formalized in the discipline of corporate social responsibility, or CSR.
What Are Some Problems that Businesses Face in Social Responsibility?
In addition to the articles on this current page, also see the following blog that has posts related to Ethics and Social Responsibility. Scan down the blog's page to see various posts. Also see the section "Recent Blog Posts" in the sidebar of the blog or click on "next" near the bottom of a post in the blog. The blog also links to numerous free related resources. Library's Business Ethics Blog. Simply put, ethics involves learning what is right or wrong, and then doing the right thing -- but "the right thing" is not nearly as straightforward as conveyed in a great deal of business ethics literature. Most ethical dilemmas in the workplace are not simply a matter of "Should Bob steal from Jack?
Discuss current social responsibility and ethics issues. .. Explain the ethical and social responsibility issues facing managers today.
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