Lecture Art of Leadership and Motivation - Lecture 27

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Lecture Art of Leadership and Motivation - Lecture 27

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After studying this chapter you will be able to understand: Team leadership perspective, team leadership model, leadership decisions, leadership actions, team effectiveness, principled leadership, how does the team leadership model work?

Art of Leadership & Motivation HRM – 760 Lecture ­ 27 FACILITATOR Prof Dr Mohammad Majid Mahmood Corporate Social Responsibility  & Ethics­I CSR & Ethics • In the business world, ethics is the study of morally appropriate behaviors and decisions, examining what "should be done” CSR & Ethics • Corporate Social Responsibility (CSR) is the process by which businesses negotiate their role in society Corporate Social Responsibility  Organizations have obligations to society beyond their  economic obligations to owners or stockholders  Social responsibility relates to an organization’s  impact on society Recent Evidence of CSR Interest • An Internet search turns up 100,000 plus responses to “CSR” • Research Journals increasingly “rate” businesses (and NGOs) on socially responsive criteria: – Best place to work – Most admired – Best (and worst) corporate reputation Reasons for CSR Activities • CSR activities are important to and even expected by the public – And they are easily monitored worldwide • CSR activities help organizations hire and retain the people they want • CSR activities contribute to business performance Businesses CSR Activities • Philanthropy: – give money or time or in kind to charity – Integrative philanthropy—select beneficiaries aligned with company interests • Philanthropy will not enhance corporate reputation if a company: – fails to live up to its philanthropic image or – if consumers perceive philanthropy to be manipulative Corporate Social Responsibility (CSR) CSR is the Sum of:     Economic Responsibilities (Make a profit) Legal Responsibilities (Obey the law) Ethical Responsibilities (Be ethical) Discretional Responsibilities (Good corporate citizen)  CSR­ two viewpoints CSR is Inevitable Vs CSR is a Burden  Arguments for CSR Not just profits! Power vs. Responsibility Stake holder relations Arguments against CSR From the shareholder point of view Hindrance in maximizing profits Choosing  “moderate strategy” Businesses need to balance economic, legal, and  social responsibilities in order to achieve long­ run success.   More generally, there is a relationship between  good social and good financial performance ETHICS • The word ethics is derived from the Greek word ethos meaning character and Latin word mores meaning customs • Ethics defines what is good for the individual and for society and establishes the nature of duties that people owe to oneself and others in society • The principle of conduct – professional ethics • A set of moral principles or values Why be ethical ? Expectation of stakeholders To prevent harm to general public It pays to organization A sense of trust among partners Personal reason Purpose of Ethics  • Ethics are the guiding principles.  • Ethics  help  make  relationships  mutually  pleasant and productive • Ethics Create a sense of community and a sense  of belongingness to society Are Ethics Limited to Humans? • Are ethics limited to humans only or they extend to animals too? – pure vegetarianism • Likewise, issues of responsibility to the environment have also been raised • In other words, philosophy is not far from the religious view of total non-violence The Evolving Context for Ethics Ethical absolutism - they adapt to us Ethical relativism - we adapt to them Emergence of a Global Business  Ethic   • Growing business need for integrative mechanisms such as: – Ethics reduce operating uncertainties – Voluntary guidelines avoid government impositions • Ethical conduct is needed in an increasingly interdependent world—everyone in the same game • Companies wish to avoid problems and/or be good public citizens Reasons for Businesses to Engage in  Development of a  Global Code of Business Ethics • Create the same opportunity for all businesses • Level the playing field • They are needed in an interconnected world Ways Companies Integrate Ethics • • • • Top management commitment in word and deed Company codes of ethics Develop, monitor, enforce ethical behavior Seek external assistance FACILITATOR Prof. Dr. Mohammad Majid Mahmood  1-22 ... meaning character and Latin word mores meaning customs • Ethics defines what is good for the individual and for society and establishes the nature of duties that people owe to oneself and others in... principle of conduct – professional ethics • A set of moral principles or values Why be ethical ? Expectation? ?of? ?stakeholders To prevent harm to general public It pays to organization A sense? ?of? ?trust among partners... A sense? ?of? ?trust among partners Personal reason Purpose? ?of? ?Ethics  • Ethics are the guiding principles.  • Ethics  help  make  relationships  mutually  pleasant? ?and? ?productive • Ethics Create a sense? ?of? ?community? ?and? ?a sense 

Ngày đăng: 19/09/2020, 20:44

Mục lục

  • Slide 1

  • Corporate Social Responsibility & Ethics-I

  • CSR & Ethics

  • Slide 4

  • Corporate Social Responsibility

  • Recent Evidence of CSR Interest

  • Reasons for CSR Activities

  • Businesses CSR Activities

  • Corporate Social Responsibility (CSR)

  • CSR- two viewpoints

  • Arguments for CSR

  • Arguments against CSR

  • Choosing “moderate strategy”

  • ETHICS

  • Why be ethical ?

  • Purpose of Ethics

  • Are Ethics Limited to Humans?

  • The Evolving Context for Ethics

  • Emergence of a Global Business Ethic

  • Reasons for Businesses to Engage in Development of a Global Code of Business Ethics

  • Ways Companies Integrate Ethics

  • Slide 22

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