Lecture Business (4/e): Chapter 2 - Ferrell, Hirt, Ferrell

Chapter 2 - Business ethics and social responsibility. This chapter include objectives: Define business ethics and social responsibility and examine their importance, detect some of the ethical issues that may arise in business, specify how businesses can improve ethical behavior, explain the four dimensions of social responsibility, debate an organization''s social responsibilities to owners, employees, consumers, the environment, and the community, evaluate the ethics of a business''s decision.

Part Business in a Changing World © 2015 McGraw­Hill Education 2-2   CHAPTER The Dynamics of Business and Economics CHAPTER Business Ethics and Social Responsibility CHAPTER APPENDIX The Legal and Regulatory Environment CHAPTER Business in a Borderless World 2-3 Learning Objectives LO 2-1 Define business ethics and social responsibility and examine their importance LO 2-2 Detect some of the ethical issues that may arise in business LO 2-3 Specify how businesses can promote ethical behavior LO 2-4 Explain the four dimensions of social responsibility LO 2-5 Debate an organization’s social responsibilities to owners, employees, consumers, the environment the community and 2-4 Business Ethics & Social Responsibility Social responsibility and ethics are not the same 2-5 Laws and Regulations 2-6 The Role of Ethics in Business Growing concerns about legal and ethical issues in business strengthen the public’s perceptions that ethical standards and the level of trust in business need to be raised Learning to recognize and resolve ethical issues is a key step in evaluating ethical decisions 2-7 Recognizing Ethical Issues v v Many issues seem straightforward but in reality are very complex One of the principal causes of unethical behavior is overly aggressive financial or business objectives 2-8 Recognizing Ethical Issues 2-9 Improving Ethical Behavior in Business Employees must have established ethics policies if employees are to determine what conduct is acceptable 2-10 Social Responsibility Issues 2-11 Social Responsibility Issues 2-12 Social Responsibility Issues 2-13 Social Responsibility Issues 2-14 Social Responsibility Issues 2-15 Social Responsibility Issues ... World 2- 3 Learning Objectives LO 2- 1 Define business ethics and social responsibility and examine their importance LO 2- 2 Detect some of the ethical issues that may arise in business LO 2- 3 Specify... Social Responsibility Issues 2- 11 Social Responsibility Issues 2- 12 Social Responsibility Issues 2- 13 Social Responsibility Issues 2- 14 Social Responsibility Issues 2- 15 Social Responsibility Issues.. . 2- 2   CHAPTER The Dynamics of Business and Economics CHAPTER Business Ethics and Social Responsibility CHAPTER APPENDIX The Legal and Regulatory Environment CHAPTER Business in a