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MGMT 370 - Lecture 06 SocRes

MGMT 370 - Lecture 06 SocRes - 2 Anti-Freeloader Argument 3...

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Internal: Employees Working Conditions Human Resource Utilization External: Community Affairs Consumer Affairs Environmental Affairs Types of Social Responsibility
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1. One and only objective of business is to make a profit. 2. Business people are not qualified to make such decisions. 3. Involvement in social issues will combine the role of business with that of civil servants. Traditional Viewpoint: The Case Against
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4. Involvement violates their fiduciary responsibility. 5. Involvement will worsen the balance of trade problem. 6. Rely instead on the working of competition. -Invisible Hand Theory The Traditional Case: continued
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1. Enlightened Self-Interest
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Unformatted text preview: 2. Anti-Freeloader Argument 3. Iron Law of Responsibility 4. New Professionalism 5. Capacity Argument The “Case For” Social Responsibility 1. Religion 2. Legal System illegal legal Unethical ethical A B C D Sources of Ethics 3. “Response of Peers” 4. Philosophical Systems Sources of Ethics: continued 1. Utilitarian Approach 2. Individualism Approach 3. Moral-Rights Approach 4. Justice Approach Philosophical Systems Lower Ethics Higher Ethics Lawyers Clergy Purchasers/Sales Doctors Advertisers/PR Accountants Public Relations Bankers Press Ethics and Occupations...
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