Business Ethics, Social Responsibility, Environmental Sustainability: Chapter Objectives
Chapter Ten
Business Ethics/
Social Responsibility/
Environmental
Sustainability
Chapter Objectives
1. Explain why good ethics is good business in strategic management.
2. Explain how firms can best ensure that their code of business ethics guides decision making instead of being ignored.
3. Explain why whistle-blowing is important to encourage in a firm.
4. Discuss the nature and role of corporate sustainability reports.
10-2
Chapter Objectives (cont.)
5. Discuss specific ways that firms can be good stewards of the natural environment. 6. Explain ISO 14000 and 14001.
7. Discuss recent trends in bribery law.
10-3
10-4
Social Responsibility,
Environmental Sustainability
Social responsibility
actions an organization takes beyond what is legally required to protect or enhance the well-being of living things
Sustainability
the extent that an organization’s operations and actions protect, mend, and preserve rather than harm or destroy the natural environment 10-5
Business Ethics
Business ethics
principles of conduct within organizations that guide decision-making and behavior
10-6
Seven Principles of Admirable
Business Ethics
10-7
Code of Business Ethics
To ensure that the code of ethics is read, understood, believed, and remembered, periodic ethics workshops are needed to sensitize people to workplace circumstances in which ethics issues may arise 10-8
An Ethics Culture
Whistle-blowing
refers to policies that require employees to report any unethical violations they discover or see in the firm
10-9
An Ethics Culture
Ethics training programs should include messages from the CEO or owner of the business emphasizing ethical business practices, the development and discussion of codes of ethics, and procedures for discussing and reporting unethical behavior
10-10
Bribes
Bribery
the offering, giving, receiving, or soliciting of any item of
Business Ethics/
Social Responsibility/
Environmental
Sustainability
Chapter Objectives
1. Explain why good ethics is good business in strategic management.
2. Explain how firms can best ensure that their code of business ethics guides decision making instead of being ignored.
3. Explain why whistle-blowing is important to encourage in a firm.
4. Discuss the nature and role of corporate sustainability reports.
10-2
Chapter Objectives (cont.)
5. Discuss specific ways that firms can be good stewards of the natural environment. 6. Explain ISO 14000 and 14001.
7. Discuss recent trends in bribery law.
10-3
10-4
Social Responsibility,
Environmental Sustainability
Social responsibility
actions an organization takes beyond what is legally required to protect or enhance the well-being of living things
Sustainability
the extent that an organization’s operations and actions protect, mend, and preserve rather than harm or destroy the natural environment 10-5
Business Ethics
Business ethics
principles of conduct within organizations that guide decision-making and behavior
10-6
Seven Principles of Admirable
Business Ethics
10-7
Code of Business Ethics
To ensure that the code of ethics is read, understood, believed, and remembered, periodic ethics workshops are needed to sensitize people to workplace circumstances in which ethics issues may arise 10-8
An Ethics Culture
Whistle-blowing
refers to policies that require employees to report any unethical violations they discover or see in the firm
10-9
An Ethics Culture
Ethics training programs should include messages from the CEO or owner of the business emphasizing ethical business practices, the development and discussion of codes of ethics, and procedures for discussing and reporting unethical behavior
10-10
Bribes
Bribery
the offering, giving, receiving, or soliciting of any item of