Professional Documents
Culture Documents
CSR and Ethics
CSR and Ethics
organization.
Stakeholders include employees, customers, shareholders,
suppliers, and others.
Stakeholders often want different outcomes and managers
must work to satisfy as many as possible.
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The Con
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Ethical Env
High profile investigations and
arrests in headlines.
Vast majority of businesses
ethical.
New corporate officers charged
with deterring wrongdoing and
ensuring ethical standards.
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On-theDilemmas
Situationinwhicha
businessdecisionmay
beinfluencedfor
personalgain.
Employees
disclosureof
illegal,
immoral,or
unethical
practicesinthe
organization.
Tellingthetruthand
adheringtodeeplyfelt
ethicalprinciplesin
businessdecisions.
Businesspeopleexpect
employeestobeloyal
andtruthful,butethical
conflictsmayarise.
Integrity
Impartiality
Accountability
Honesty
Transparency
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M
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Individu
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Individuals can make the
difference in ethical
expectations and behavior
Putting own interest ahead of
the organization
Lying to employee
Misrepresenting hours
Safety violations
Internet Abuse
Technology is expanding
unethical behavior
Levitt (1958) could be credited with setting the agenda for the
debate about the social responsibility of business in his Harvard
Business Review article 'The Dangers of Social Responsibility', in
which he cautions that 'government's job is not business, and
business's job is not government'.
Phases
Approach
Proponent
Ethical
Voluntary
Commitment
organisations to public welfare
Statist
State ownership
and legal Jawaharlal Nehru
requirements determine corporate
responsibilities
Liberal
Stakeholder
by Mahatma Gandhi
Economy Profits
Growth, Jobs,
Taxes
Products
Services
Environment Planet
Eco-efficiencies
Eco-effectiveness
Equity - People
Employees
Community /
Culture
World
Satisfied employees
Satisfied customers
Costs reductions
Business Sustainability
Risk Management