unit 3: lesson 3 Flashcards
Corporate social responsibility is a hard-edged business decision. Not because it is nice thing to do or because people are forcing us to do it… but because it is good for our business.
Stephen kinzer
Perspective on Ethics
- Universalism
- Egoism
- Utilitarianism
- Relativism
- Virtue ethics
is the principle which states that all people should have certain values
Universalism
is the principle which promotes the greatest good to oneself
Egoism
is the principle which focuses on the greatest good for the greatest number of people
Utilitarianism
is the principle which states that ethical behavior is based on a person’s own and other relevant people’s opinion and viewpoints
Relativism
is the principle which states that morality depends on the maturity of a person with good moral character
Virtue ethics
Refers to that sense of “wholeness’’ created by the right relationships among the members of the corporation
CORPORATE INTEGRITY
Refers to business operations and activities that have the welfare of society in mind
Corporate Social Responsibility
Refers to complying with legal and ethical standards to uphold social welfare
Social Obligation
Goes beyond prescribed standards and implements actions that aim to make an impact on society
Social Responsiveness
. The company should produce goods and services with reasonable prices.
Economic responsibility
. It includes establishing norms, standards, mores, and practices that reflect fairness to the consumers, employees, shareholders, and the community.
Ethical responsibility
The company should comply with local and international laws that apply to its business operations
Legal responsibility.
. It includes the initiation if voluntary activities such as establishing corporate programs, donating to charitable institutions, and other similar charitable causes.
Philanthropic responsibility
