6.Social Responsibility Flashcards
6.2.1) Business and Society
Contrubution and Damages:
+) Jobs, discoveries, preserving enviroment
-) Pollution, inproper influence on government, harmful
6.2.1) Business and Society
Stakeholders:
1) Owners/shareholders
2) Customers
3) Employees
4) Supplior
5) government, politicalgroups, unions, competition,…
6.2.1) Business and Society
3 Fundamental objectives of Organizational Responsibility
1) Profit
2) Planet
3) People
6.2.1) Business and Society
Concept of Honorable Merchent (circle):
- basic humanic education
- Economic expertise
- Solid character with economic virtues
- Responsibility
- Capital
6.2.2) Corporate Social Responsibilities (CSR)
Corporate Social Responsibilities (CSR):
1) Philanthropic Res: desired | good
2) Ethical Res: expected | ethical
3) Legal Res: required | obey laws
4) Economic Res: required | profit
6.2.2) Corporate Social Responsibilities (CSR)
Approaches to CSR:
1) Management View
2) Philanthropic View
3) Compliance View
4) Business Case View
6.3.1) Foundation of Business Ethics
Central Concepts:
1) Morality: good
2) Ethics: sience of morality
3) Business Ethics: evaluation of economic actions
6.3.1) Foundation of Business Ethics
Focus and Relevance of Business Ethics:
1) Descriptive: do?
2) Normative: should?
1) Power/influence
2) Regulations
3) Stakeholders demands
4) Need for guidelines
6.3.2) Foundation of Business Ethics
Ethics Focuses:
1) Ethics of Utility (Consequenses)
2) Ethics of Duty (Inherent Character)
3) Ethics of Justice (Interpersonal interactions)
Kant:
a) Universalisierungsformel (Maxim 1)
b) Selbstzweckformel (Maxim 2)
6.3.2) Foundation of Business Ethics
6 Step to Help Making Ethical Decisions
1) Legal ?
2) Comply with our Values ?
3) We feel Bad ?
4) Look in Newspaper ?
5) If we know: Wrong
6) If we are not sure
6.4) Business Ethics in Practice
Possible Measures:
1) Recruitment
2) Decision Making
3) Culture
4) Ethic Officers
6.5) Result
Shareholders View vs Stakeholders View:
