390-20-Social Responsibility-ppt

390-20-Social Responsibility-ppt - Corporate Social...

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Corporate Social Responsibility Business Ethics B MGT 390
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What is the Purpose of Business? To make money To maximize shareholder wealth To create value
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Should corporations be more involved in resolving social problems? 69% of executives said yes 89% of MBAs said yes Is the only goal of business to make money? 95% of adults polled said no Recent Polls Should Business have Social Goals as well?
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Should Companies be Socially Responsible? We are not in business to make maximum profit for our shareholders. We are in business…to serve society. Profit is our reward for doing it well. If business does not serve society, society will not long tolerate our profits or even our existence….” -- Kenneth Dayton CEO of Dayton-Hudson
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2009 1 Bristol Myers-Squibb Pharmaceuticals 2 General Mills, Inc. Retail – Food 3 IBM Corp. Computer Hardware 4 Merck & Co., Inc. Pharmaceuticals 5 HP Co. LP Computer Hardware 6 Cisco Systems, Inc. Computer Hardware 7 Mattel, Inc. Leisure Products 8 Abbott Laboratories Pharmaceutical
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390-20-Social Responsibility-ppt - Corporate Social...

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