Transcript Ethics and Social Responsibility
Which one is the odd one out? Business Ethics and Social Responsibility What responsibility do businesses have? • Do businesses have responsibilities? • What are their responsibilities? • Should they have them? Why? • Surely their purpose is to make profit? http://www.msnbc.com/modules/enron/ Archie Carroll’s ‘Pyramid of Social Responsibility’ To do some good for society Philanthropic Ethical What society sees as acceptable Laws/Regulations Legal Economic Profitable The Golden Rule “Do as you would be done by!” What does this mean for individuals? What does this mean for organisations? Business Ethics • Rules or standards governing the conduct of a business • Moral code – what is ‘right’ and what is ‘wrong’? • Highly subjective nature • Tension between different stakeholders Ethical Company Investigation You need to answer the following questions about your company: 1. Who are the company’s key stakeholders? 2. What responsibility does the company owe to these stakeholders? 3. How is the company ‘ethically’ minded? 4. Do you think the company is totally ethical focused or tokenistic in its Business Ethics Tensions: • Profits versus higher wages • Expansion versus development • Production versus pollution • Supplier benefits versus consumer prices/lower costs • Survival of the business versus needs of stakeholders Plenary: Does ethical business mean profitable business?