Relationship between social responsibility and managerial ethics

SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS - ppt download

relationship between social responsibility and managerial ethics

Social Responsibility and Economic Performance – Explain what research studies have shown about the relationship between an organization's social. chapter social responsibility and managerial ethics replace with slice from book In all organisations managers are faced with the difficult task of determining how economic performance Positive relationship between social involvement and. Social Responsibility and Managerial Ethics -A Focus on MNCs there is an onus on organizations and managers alike to manage the relationship with the.

The elimination of all forms of forced and compulsory labor. The effective abolition of child labor. The elimination of discrimination in respect of employment and occupation. Support a precautionary approach to environmental challenges.

Undertake initiatives to promote greater environmental responsibility. Encourage the development and diffusion of environmentally friendly technologies. Courtesy of Global Compact. Establish codes of ethics and decision rules. Set realistic job goals and include ethics in performance appraisals.

Business Ethics and Social Responsibility

Conduct independent social audits. Provide support for individuals facing ethical dilemmas. Increases employee awareness of ethical issues in business decisions.

Be a Dependable Organizational Citizen 1. Comply with safety, health, and security regulations. Demonstrate courtesy, respect, honesty, and fairness. Illegal drugs and alcohol at work are prohibited. Manage personal finances well. Exhibit good attendance and punctuality. Follow directives of supervisors. Do not use abusive language. Dress in business attire. Firearms at work are prohibited. Be Good to Customers 1. Convey true claims in product advertisements.

Perform assigned duties to the best of your ability. Provide products and services of the highest quality. Conduct business in compliance with all laws. Payments for unlawful purposes are prohibited.

Avoid outside activities that impair duties. Maintain confidentiality of records. Comply with all antitrust and trade regulations. Comply with all accounting rules and controls. Do not use company property for personal benefit. Employees are personally accountable for company funds. Do not propagate false or misleading information.

relationship between social responsibility and managerial ethics

Make decisions without regard for personal gain. How would you define the problem if you stood on the other side of the fence? How did this situation occur in the first place? To whom and to what do you give your loyalty as a person and as a member of the corporation? What is your intention in making this decision? How does this intention compare with the probable results? Whom could your decision or action injure?

Can you discuss the problem with the affected parties before you make the decision? Are you confident that your position will be as valid over a long period of time as it seems now? Could you disclose without qualm your decision or action to your boss, your chief executive officer, the board of directors, your family, society as a whole? The concept of CSR is a new phenomenon in the corporate world, the theoretical structure reveals that this concept is developed since many decades.

Windsor stated that duringsome business leaders hold the idea of responsibility and responsiveness practices Windsor Experts describe that social responsibilities can be defined as the obligation of management towards the society and others concerned.

The issue of social responsibility highlighted to public standing as a result of highly-publicized events such as the fall down of Enron and the James Hardie asbestos scandal in Australia. Social responsibility can be explained as "the obligation of the firm to use its resources in ways to benefit society, through committed participation as a member of society, taking into account the society at large and improving the welfare of society at large independent of direct gains of the company" Weile et al.

Social Responsibility and Managerial Ethics, Social Responsibility Ethics

Many experts have shown the significance of Social responsibility in boosting the performance of private sector firms. Business professionals, government bureaucrats, and researchers are inclined to execute the doctrine of corporate social responsibility in business operations. Basically, business scholars and corporate senior executives sincerely work for organization to maximize revenue for stakeholders. But scenario is changed in business culture today.

Corporate must think for public interest and behave in socially responsible manner. Lantos stated that social responsibility approach consists of three components which include ethical, philanthropic and strategic Companies strive to survive by the resourceful use of the factors of production and other facilities of the culture.

This process puts organizations in an interdependent relation with the government, the community at large and the environment. Such interdependence gives rise to a series of broader responsibilities to society in general Mullins, Mullins further demonstrates that the social responsibilities are both internal and external to the organisations. Social responsibilities of companies towards their workers extend beyond the terms and conditions of the contract to include justice in treatment, democratic functioning of the organisation, training in new skills and technologies, effective personnel and employment relations policies and practices, and provision of social and leisure facilitates Mullins, Social responsibility approach has some dimension which includes human resources management, health and working in safe environment, adjustment to changing situations and smooth management of environmental impact and natural resources.

Business Ethics and Social Responsibility

Externally, this approach considers local communities, business, collaborators, contractors and customers, human rights and global environmental issues. Briefly, social responsibility has positive affiliation with the social structure which is an essential factor in improving the economy of country.

Many business experts assert that social standard influence greatly in decision making on major issues for business. Palmer and Hartley argue that there is a major basis for business organizations to behave in a socially responsible manner.

Philosophically, organization maintains moral values to serve consumer and other social institutions such as educational and the religious institutions. Practically, organizations must consider society values, to survive in competitive business world. Business organizations plan strategies for manufacturing products and develop ethical standards according to customer's requirement which is the most instantaneous, powerful and targeted stakeholder.

It is a hot issue whether the customer makes appropriate choice in purchasing the goods and services from a company.

Although the social responsibility is advantage for social and business organizational, but scholars argue for and against business social responsibility. In an organization, the managers must adopt strategies of social responsibility.

Social Responsibility and Managerial Ethics (Managerial Function)

Firms have a moral commitment to help society to deal with its problems and to contribute for its welfare. It is the moral practice to do by the business organizations. A measurement should be made of whether the organization is doing such activities as producing goods and services that people need, creating jobs for society, paying fair wages, and ensuring worker protection.

relationship between social responsibility and managerial ethics

Social responsibility to workers extends beyond terms and conditions of the formal contract of employment and gives recognition to the workers as a human being. People today have more expectations of the quality of working life, include justice in treatment, opportunities for consultation and participation, training in new skill and technologies, effective personal and industrial relations policies, and provision of social and leisure facilities.

relationship between social responsibility and managerial ethics

Organization should be given due consideration to the design of work organization and job satisfaction, make very reasonable effort to give security of employment, and provide employment opportunities for marginal groups. Even successful companies took initiative for creating moral cultures and system by involving individual employees in corporate affairs.

By providing or supporting some benefits to the workforce can lead to good communities in the business organizations.

Management: ethics and social responsibility

Good communication in the internal business leads to avoid miss understanding of each other. To summarise, social responsibility is explained in management literature as the obligation and commitment of managers to take necessary steps to guard and improve society's welfare along with protecting their own interest.