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    From Obligation To Responsiveness To Responsibility: Introduction To Management BBA (Hons) 2 Semester

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    Rizwan ullah Marwat
    The document discusses concepts related to social responsibility and ethics in management. It covers classical and socio-economic views of social responsibility, arguments for and against it, and how organizations can become more environmentally sustainable through legal, market, stakeholder and activist approaches. It also defines managerial ethics, discusses four levels of ethics and factors that affect employee ethics such as moral development, individual characteristics, and organizational culture and structure.

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    From Obligation To Responsiveness To Responsibility: Introduction To Management BBA (Hons) 2 Semester

    Uploaded by

    Rizwan ullah Marwat
    14 views3 pages
    The document discusses concepts related to social responsibility and ethics in management. It covers classical and socio-economic views of social responsibility, arguments for and against it, and how organizations can become more environmentally sustainable through legal, market, stakeholder and activist approaches. It also defines managerial ethics, discusses four levels of ethics and factors that affect employee ethics such as moral development, individual characteristics, and organizational culture and structure.

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    Lecture 8

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    The document discusses concepts related to social responsibility and ethics in management. It covers classical and socio-economic views of social responsibility, arguments for and against it, and how organizations can become more environmentally sustainable through legal, market, stakeholder and activist approaches. It also defines managerial ethics, discusses four levels of ethics and factors that affect employee ethics such as moral development, individual characteristics, and organizational culture and structure.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views3 pages

    From Obligation To Responsiveness To Responsibility: Introduction To Management BBA (Hons) 2 Semester

    Uploaded by

    Rizwan ullah Marwat
    The document discusses concepts related to social responsibility and ethics in management. It covers classical and socio-economic views of social responsibility, arguments for and against it, and how organizations can become more environmentally sustainable through legal, market, stakeholder and activist approaches. It also defines managerial ethics, discusses four levels of ethics and factors that affect employee ethics such as moral development, individual characteristics, and organizational culture and structure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Introduction to Management

    BBA(Hons) 2nd Semester

    Lecture 8

    From Obligation to Responsiveness to Responsibility


    Social Obligation

    The obligation of a business to meet its economic and legal responsibilities and nothing
    more.

    Social Responsiveness

    When a firm engages in social actions in response to some popular social need.

    Social Responsibility

    A business’s intention, beyond its legal and economic obligations, to do the right things
    and act in ways that are good for society.

    Classical View

    The view that Management’s only social responsibility is to maximize profit.

    Socio Economic View

    The view that management’s social responsibility goes beyond making profits and
    includes protecting and improving society’s welfare.

    Arguments for and against Social Responsibility

    For Against
    Public Expectations Violation of profit maximization
    Long Run Profits Dilution of Purpose
    Ethical Obligation Costs
    Public Image Too much power
    Better Environment Lack of Skills
    Discouragement of further governmental Lack of Accountability
    regulation
    Balance of Responsibility and power
    How Organizations Go Green?

    1. Legal (or Light Green) Approach

    Firms simply do what is legally required by obeying laws, rules, and regulations

    willingly and without legal challenge.

    2. Market Approach

    Firms respond to the preferences of their customers for environmentally friendly

    products.

    3. Stakeholder Approach

    Firms work to meet the environmental demands of multiple stakeholders—employees,

    suppliers, and the community.

    4. Activist Approach

    Firms look for ways to respect and preserve environment and be actively socially

    responsible.

    Evaluating the Greening of Management

    Organizations become “greener” by

    a. Using the Sustainability Reporting Guidelines to document “green” actions.

    b. Adopting ISO 14000 standards for environmental management.

    c. Being named as one of the 100 Most Sustainable Corporations in the World.

    Managerial Ethics

    Ethics Defined

    Principles, values, and beliefs that define what is right and wrong behavior.
    Four levels of Ethics

    Societal

    Stakeholder

    Internal Policy and

    Personal

    Factors That Affect Employee Ethics

    • Moral Development

    A measure of independence from outside influences

    Levels of Individual Moral Development

    Preconventional level

    Conventional level

    Principled level

    Stage of moral development interacts with:

    a. Individual characteristics

    b. The organization’s structural design

    c. The organization’s culture

    d. The intensity of the ethical issue

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