Chapter 2 Ethical Decisions And Socially Responsible Business Second, the obligations of corporate social responsibility are broad. they extend beyond investors in the company to include workers, suppliers, consumers, communities, and society at large. exhibit 2.2 portrays economic responsibility as the foundation of the other three responsibilities. A situation where a person must choose from a set of actions that may be ethical or unethical. a set of moral standards for judging whether something is right or wrong.; every day, managers and business owners make business decisions based on what they believe to be right and wrong. through their actions, they demonstrate to their employees.
Business Ethics And Social Responsibility Chapter Two Business Top management must shape the ethical culture of the organization. they should lead by example, offer ethics training programs, and establish a formal code of ethics. 2.3 managing a socially responsible business. what is corporate social responsibility? corporate social responsibility is the concern of businesses for the welfare of society as a. In this chapter, we will take a look at the role of ethics and social responsibility in business decision making. first, we define business ethics and examine why it is im portant to understand ethics’ role in business. next, we explore a number of business ethics issues to help you learn to recognize such issues when they arise.finally,we con. To be ethical: to know right from wrong and to kno. when you’re practicing one instead of the other. at the risk of oversimplifying, then, we can say that business ethics is the ap. lication of ethical. business means more than simply obeying applicable laws and regulations: it also means being. Identify steps you can take to maintain your honesty and integrity in a business environment. define corporate social responsibility and explain how organizations are responsible to their stakeholders, including owners, employees, customers, and the community. discuss how you can identify an ethical organization, and how organizations can.
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