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    Bus 542 Chap009 Mba

    Uploaded by

    Cristiano Robin

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    © All Rights Reserved
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    Bus 542 Chap009 Mba

    Uploaded by

    Cristiano Robin
    17 views15 pages

    Copyright

    © © All Rights Reserved

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    PPT, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    17 views15 pages

    Bus 542 Chap009 Mba

    Uploaded by

    Cristiano Robin

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 15

    Chapter 9:

    Ethical Business Strategies, Social Responsibility,


    and Environmental Sustainability

    COURSE INSTRUCTOR
     
    Dr. Md. Aftab Anwar
    Associate Professor
    1
    Chapter Learning Objectives
    1. Understand ethical standards of society at large rather than a
    special set of ethical standards for businesses only.
    2. Understand the principal drivers of unethical strategies and
    business behavior.
    3. Learn why unethical business conduct can be very costly for a
    company’s shareholders.
    4. Become familiar with the various approaches to managing a
    company’s ethical conduct.
    5. Understand the concepts of corporate social responsibility,
    corporate citizenship, and environmental sustainability.

    2
    9-2
    What Is Business Ethics?

    Business ethics involves applying general ethical


    principles and standards to behavior in business
    situations .

    3
    9-3
    Are Ethical Standards Universal or
    Dependent on Local Norms?
    Three schools of thought regarding extent
    to which ethical standards can be applied . . .

    Ethical Universalism

    Ethical Relativism

    Integrative
    Integrative Social
    Social Contracts
    Contracts Theory
    Theory
    4
    9-4
    Concept of Ethical Universalism
    According to the school of ethical universalism . .
    .
     Same standards of what is ethical and what is
    unethical resonate with peoples of most
    societies regardless of Local traditions and
    Cultural norms.

    5
    9-5
    Examples of Universal
    Ethical Principles or Norms
    Honesty

    Trustworthiness

    Respecting rights of others

    Practicing the Golden Rule


    Treating people with dignity and respect

    6
    9-6
    Concept of Ethical Relativism
    According to the school of ethical relativism . . .
    Different societies/cultures/countries
    Put more/less emphasis on some values than others
    Have different standards of right and wrong
    Have different social mores and behavioral norms

    7
    9-7
    Concept of Integrative Social Contracts
    Theory
    According to the integrative social contracts theory,
    the ethical standards a company should try to uphold
    are governed by both
     A limited number of universal ethical

    and
     The circumstances of local cultures, traditions, and
    shared values

    8
    9-8
    Three Categories of Management Morality

    The three Managers that


    types of are moral
    managers
    as Managers that
    concerns are immoral
    ethical and
    moral Managers that
    principles are amoral
    9
    9-9
    Characteristics of a Moral Manager
    Dedicated to high standards of ethical behavior in
     Own actions
     How the company’s business is to be conducted

    10
    9-10
    Characteristics of an Immoral
    Manager
     Actively opposes ethical behavior in business

     Willfully ignores ethical principles in making


    decisions
     Views legal standards as barriers to overcome

     Pursues own self-interests

     Ignores interests of others

    11
    9-11
    Characteristics of an Intentionally
    Amoral Manager
    Believes business and ethics should not be mixed since
    different rules apply to business activities and other
    realms of life
    Believes if a business-related action is legal then it is
    OK;

    12
    9-12
    What Is Corporate Social Responsibility?
     Corporate social responsibility is that a company has a
    duty to
     Be a good corporate citizen
     Make a positive contribution to society, and
     Actively work to improve the well-being of all
    stakeholders

    13
    9-13
    What Is an Environmental Sustainability Strategy?

    A company’s environmental sustainability


    strategy consists of its actions to protect the
    environment.

    14
    9-14
    Thank You

    15
    9-15

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