Soc. Resp. in Business Today

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Soc. Resp. in Business Today
Soc.Cult.
Inputs Outputs
Gov.
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Types of Social Responsibility
Internal Employees Working Conditions Human
Resource Utilization External Community
Affairs Consumer Affairs Environmental Affairs
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Traditional Viewpoint The Case Against
1. One and only objective of business is to
make a profit. 2. Business people are not
qualified to make such decisions. 3.
Involvement in social issues will combine
the role of business with that of civil
servants.
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The Traditional Case continued
4. Involvement violates their fiduciary
responsibility. 5. Involvement will worsen the
balance of trade problem. 6. Rely instead
on the working of competition. -Invisible
Hand Theory
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The Case For Social Responsibility
1. Enlightened Self-Interest 2. Anti-Freeloader
Argument 3. Iron Law of Responsibility 4. New
Professionalism 5. Capacity Argument
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Sources of Ethics
1. Religion 2. Legal System
illegal legal
A B
Unethical ethical
C D
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Sources of Ethics continued
3. Response of Peers 4. Philosophical Systems
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Philosophical Systems
1. Utilitarian Approach 2. Individualism
Approach 3. Moral-Rights Approach 4. Justice
Approach
???
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Ethics and Occupations
Lower Ethics Higher Ethics