Business and Organization

MGT 1 - Business Organization & Management

Social Responsibility and Managerial Ethics Learning objectives:    Contrast the classical and socioeconomic views of social responsibility. Discuss the role that stakeholders play in the four stages of social responsibility. Differentiate between social obligation, social responsiveness, and social responsibility. Explain what research studies have shown about the relationship between an organization’s social involvement and its economic performance. Define social screening. Explain what conclusion can be reached regarding social responsibility and economic performance. Describe how organizations can go green. Relate the approaches to being green to the concepts of social obligation, social responsiveness, and social responsibility. Discuss what purposes shared values serve. Describe the relationship of values-based management to ethics. Discuss the factors that affect ethical and unethical behavior. Discuss the six determinants of issue intensity. Tell what codes of ethics are and how their effectiveness can be improved. Describe the important roles managers play in encouraging ethical behavior. Explain why ethical leadership is important. Discuss how managers and organizations can protect employees who raise ethical issues or concerns. Explain what role social entrepreneurs play. Describe social impact management.

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Chapter Summary What Is Social Responsibility?

Contrast classical and socioeconomic views of social responsibility. Discuss the role that stakeholders play in the four stages of social responsibility. Differentiate between social obligation, social responsiveness, and social responsibility.

The classical view says that management's only social responsibility is to maximize profits. The socioeconomic view says that management's social responsibility goes beyond making profits to protecting and improving society's welfare. In the fourstage stakeholder model