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Ch 14 - Social Responsibility & Ethics_Web

Ch 14 - Social Responsibility & Ethics_Web - Social...

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    Social Responsibility and Ethics Chapter 14
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    Social Responsibility The obligation of an organization’s management  to make decisions and take actions that enhance  the welfare and interests of society as  _________ . Social responsibility   corporate charity Businesses as a part of society
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    What do you Think? “Two in three citizens want companies to go beyond  their historical role of profit, paying taxes, employing  people and obeying all laws; they want companies to  contribute to broader societal goals” -The Millenium Poll on Corporate Responsibility
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    Historical Perspectives Profit Maximization Management Early 20 th  century Often addressed through charity “Social Darwinism” _______________ Management Response to depression of the 1930’s Espoused active federal intervention; government  assumed more responsibility for health and economic  welfare Quality-of-Life Management Emerges in the mid-60’s Society expects businesses to help address society’s  problems leaders
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    Philosophical Perspectives Traditional Philosophy Maximization of profit –ultimate goal What’s good for business is good for society “Buyer Beware” attitude to business transactions Mgrs accountable only to superiors Government maintains hands-off role
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