Action will allow lower level management to be more

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action will allow lower level management to be more responsible and accountable for the four aspects of an ethical social responsibility, which are: philanthropic, ethical, legal and economic. The philanthropic responsibility focuses on the “corporation’s participation in activities that promotes human welfare or goodwill generally through donation of time and money or products and services.” (Trevino & Nelson, 2011, p.327) The ethical responsibility and ethical decisions go beyond making sure that the corporation is doing the right thing, it helps the company to make better decision and propose better choices to the organization. The legal responsibilities have to do with the values the company carries in accordance with governmental regulations and the law. (Trevino & Nelson), and to finalize, the economic responsibility is also very important for the organization. It is related to the responsibility they have to fulfill the production of goods and services that the population needs and want, while making a profit. Any organization would not exist without the economic responsibility. Ethics and Stakeholders The stakeholders value their organization and their reputation, not only stakeholder have been more involved with the company’s reputation, the CEO’s also play a big role in that manner. The reflection of a business is related to the ethical conduct that their employees carry, and their conduct is reflected into the organization. Another important relevant factor is the impact the trust have into the organization. “Trust is essential in a service economy, where all the firms have is its reputation for dependability and good service.” (Trevino & Nelson, 2011, p.27) StilSim trust has been shaken, and to regain the trust we used to have, the whole organization will need to be involved in all those changes we are about to make. Another important aspect of is related to how society is concerned with leaders effectiveness, and moral is another relevant factor that needs to be addressed. According to
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ETHICAL ISSUES Page 4. Butterfield, K. D., Trevin, L. K., & Weaver, G. R. (2000), the moral is represented by four important steps: “(1) moral awareness (recognizing the moral nature of a situation; (2) making a moral judgment (deciding what is morally right in the situation; (3) establishing moral intent (deciding to give priority to moral values over others values); (4) engaging in moral action (following through on moral intentions with moral behavior)” (Butterfield, K. D., Trevin, L. K.,
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