Which of the following are consequences of pursuing a strategy that has unethical or shady components?
Which of the following are consequences of pursuing a strategy that has unethical or shady components? Government fines and penalties, Legal and investigative costs incurred by the company, Customer defections, Adverse effects on employee productivity, All of these.
Which one of the following is not part of the business case for why companies should act in a socially responsible manner?
Which one of the following is not a part of the business case for why companies should act in a socially responsible manner? The aggressive pursuit of market share, revenues, and profits always puts the company in jeopardy of violating society’s social responsibility expectations.
What does business ethics concerns quizlet?
Terms in this set (79) What does business ethics concern? To the extent there is common moral agreement about right and wrong actions and behaviors across multiple cultures and countries, there exists a set of universal ethical standards to which all societies and all individuals can be held accountable.
Which concept refers to the fact that a business has the obligation to impact society on four levels Economic legal ethical and philanthropic?
Corporate social responsibility (CSR) refers to strategies that companies put into action as part of corporate governance that are designed to ensure the company’s operations are ethical and beneficial for society.
What are the social and ethical responsibilities of corporate organization?
The responsibility of an organization for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that: Contributes to sustainable development, including health and the welfare of society. Takes into account the expectations of stakeholders.
Which two of Carroll’s 4 responsibilities of a business are social responsibilities?
The four-part definitional framework for CSR Carroll’s four part definition of CSR was originally stated as follows: Corporate social responsibility encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time.
What are the three levels of social responsibility?
There are four levels of social responsibility: economics, or the responsibility of the business to be profitable; the responsibility to meet the legal obligations—businesses must comply with the law and regulations; companies have a responsibility to act ethically and morally and to choose the action that causes the …
What are the 4 areas of the pyramid of social responsibility?
Understanding the Four Levels of CSR
- Carroll’s pyramid suggests that corporate has to fulfil responsibility at four levels – Economic, Legal, Ethical and Philanthropic.
- The lowest level of the pyramid represents a business’s first responsibility, which is to be profitable.
What is Carroll model of social responsibility?
Carroll’s four part definition of CSR was originally stated as follows: “Corporate social responsibility encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time” (Carroll 1979, 1991).
What are the three categories of ethics?
The three major types of ethics are deontological, teleological and virtue-based.
How ethics can be managed in an organization?
Managers should set up seminars, workshops and similar programs to promote ethics in the workplace. Training sessions reinforce the organization’s standards of conduct, to clarify what practices are and are not permissible, and to address possible ethical dilemmas.
What is the importance of ethical policies in workplace?
Ethical conduct in the workplace encourages a culture of making decisions based on ethics. It also enhances accountability and transparency when undertaking any business decisions. During turbulent times, a strong ethical culture guides you in managing such conflicts by making the right moves.