Social_responsibility_and_ethics_Oct_05

Social_responsibility_and_ethics_Oct_05 -...

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    ETHICS IN MANAGEMENT Dr Polly Parker Thursday October 6, 2005
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    Lecture outline Organisational social  responsibility Organisational social  responsiveness Managing an ethical organisation
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    Managerial Ethics Ethics       Standards of behaviour and moral  judgment differentiating right from  wrong Managerial ethics        Standards of conduct and moral  judgment mangers use in their business
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    Organisational Social  Responsibility    ‘The obligation of an  organisation to seek actions  protecting and improving  society’s welfare along with  its own interests.’
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    Organisational Social  Responsibility Major viewpoints: Invisible hand Hand of government Hand of management
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    Organisational Social  Responsibility INVISIBLE HAND ARGUMENT A view holding that the entire social  responsibility of a corporation can be  summed up as ‘make profits and obey the  law’. Corporate responsibility is guided by the  ‘invisible hand’ of free market forces
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    Organisational Social  Responsibility HAND OF GOVERNMENT ARGUMENT A view holding that the interests of society are best served by having the law and political  process guide the corporation’s activities. Law and political process controls corporation  re: employee well-being, customer protection  and community issues e.g. environment.
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    Organisational Social  Responsibility Hand of Management argument Incorporates: Anti-freeloader argument Capacity argument Enlightened self-interest argument
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This note was uploaded on 03/13/2010 for the course ECON econ1010 taught by Professor Margretfinch during the Three '08 term at Griffith.

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Social_responsibility_and_ethics_Oct_05 -...

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