Lecture%203%20Ethics%20and%20Social%20Responsibility

Lecture%203%20Ethics%20and%20Social%20Responsibility -...

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01/18/12 3-1 STRATEGIC MANAGEMENT 4199 R Lecture 3 Ethics & Social Responsibility
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01/18/12 3-2 Ethics & Social Responsibility
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01/18/12 3-3 Corporate Governance Broader responsibility -- Private corporations have responsibility to society that extend beyond making a profit
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01/18/12 3-4 Social Responsibility There is one and only one social responsibility of  business—to use its resources and engage in  activities designed to increase its profits so long as it  stays within the rules of the game, which is to say,  engages in open and free competition without  deception or fraud . Milton Friedman
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01/18/12 3-5 Corporate Governance Carroll’s 4 Responsibilities Economic (make a profit) Legal (stay out of jail) Ethical (understand right and wrong) Discretionary (values)
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01/18/12 3-6 Carroll’s 4 Responsibilities
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01/18/12 3-7 Corporate Stakeholders Affect or are affected by the achievement of the corporation’s objectives
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Lecture%203%20Ethics%20and%20Social%20Responsibility -...

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