文档介绍：Chapter 5
SOCIAL
RESPONSIBILITY
AND MANAGERIAL
ETHICS
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Learning Objectives
You should learn to:
Explain the classical and socioeconomic views of social responsibility
List the arguments for and against business’s being socially responsible
Differentiate among social obligation, social responsiveness, and social responsibility
Explain the relationship between corporate social responsibility and economic performance
Describe values-based management and how it is related anizational culture
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Learning Objectives (cont.)
You should learn to:
Explain what the “greening” of management is and anizations are “going green”
Differentiate among the four views of ethics
Identify the factors that affect ethical behavior
Discuss various anizations can improve the ethical behavior of their employees
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Two Opposing Views of Social Responsibility
Classical view - management’s only social responsibility is to maximize profits
Milton Friedman - managers’ primary responsibility is to serve the interests of the stockholders
doing “social good” adds to the cost of doing business
costs have to be passed on to consumers
What Is Social Responsibility?
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Two Opposing Views of Social Responsibility (cont.)
Socioeconomic view - businesses are not just economic institutions
management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare
businesses have responsibility to a society that:
endorses their creation through laws and regulations
supports them by buying their products/services
anizations around the world have increased their social responsibility
What is Social Responsibility (cont.)
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What Is Social Responsibility (cont.)
From Obligations to Responsiveness
social responsibility - a business’s obligation to pursue long-term goals that help society
goes beyond legal and economic requirements
views business as a moral agent
social obligation - obligation of a business to