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5 - Social Responsibility and Managerial Ethics Chapter...

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C H A P T E R F I V E Social  Responsibility and  Managerial Ethics 5 Chapter Outline 58
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Introduction What Is Social Responsibility? Two Opposing Views of Social  Responsibility The Classical View The Socioeconomic View Comparing the Two Views Arguments For and Against Social  Responsibility From Obligations to Responsiveness to  Responsibility Social Responsibility and Economic  Performance The Greening of Management Global Environmental Problems How Organizations go Green Values-Based Management Purposes of Shared Values The Bottom Line on Shared Corporate  Values  Managerial Ethics  Four Views of Ethics Factors That Affect Employee Ethics  Stage of Moral Development Individual Characteristics Structural Variables Organization’s Culture Issue Intensity Ethics in an International Context Improving Ethical Behavior Employee Selection Codes of Ethics and Decision Rules Top Management’s Leadership Job Goals and Performance  Appraisal Ethics Training Independent Social Audits Formal Protective Mechanisms Social Responsibility and Ethics in Today’s  World Ethical Leadership Protecting Employees Who Raise Ethical    Issues Social Impact Management T his chapter establishes a framework for under- standing social responsibility and managerial ethics. Companies such as Tom’s of Maine or Levi Strauss, Inc. have long been considered to be socially conscious as shown by the fact that they take their responsibilities to different stakeholders very seriously. Prentice Hall and other publishers are involved in efforts to increase literacy. In the chapter-opening Manager’s Dilemma, Paul Efmorfidis, vice president and co-founder of Coco-Mat, is committed to living up to high standards of social responsibility. Virtually all raw materials used in the manufacturing of their mattresses are sustainable with almost no waste produced. Efmorfidis says that his company uses technology—old or new—if it helps the company live up to its values. How much responsibility does an organization have to society? Have organizations recognized the impact that being socially responsible and ethical can have? 59
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Many PowerPoint Slides, including both original text art and newly created images, have been developed and are available for you to coordinate with Chapter 5 materials presentation. ANNOTATED OUTLINE 1. INTRODUCTION. This chapter discusses issues involved with social responsibility and managerial ethics. Both social responsibility and ethics are responses to a changing environment and are influenced by organizational culture. Further, both are important to managerial decision-making. 2. WHAT IS SOCIAL RESPONSIBILITY?
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