SOCIAL RESPONSIBILITY OF BUSINESS AND MANAGERIAL ETHICS

BY K.RAKSHITH 1ST MBA

INTRODUCTION
Managers today are usually quite sensitive to issues of

social responsibility and ethical behaviour because of pressures from the public,interest groups,legal and governmental concerns and media coverage. They are feeling it difficult to compete with other countries due to lack of handling ethics in organisation

ETHICS
The code of moral principles and values that govern

the behaviours of a person or group with respect to what is right or wrong

ETHICAL DILEMMA
When all choices have been deemed undesireable

because of potentially negative ethical consequences,making it difficult to distinguish right from wrong.

CRITERIA FOR ETHICAL DECISION MAKING

The main criteria are that a conflict will arise between

the part and whole. Managers use their normative stratergies to guide their decision making norms and values.

CONSIDERATION IN ETHICAL DECISION MAKING

Utilitarian Approach

Induvidualism Approach
Moral-Rights Approach Justice Approach

SOCIAL RESPONSIBILITY
An organization taking actions that contribute to the

society Being a good corporate citizen

CORPORATE SOCIAL RESPONSIBILITY

Corporate social responsibility (CSR) refers to the

managers are not only create profit for shareholders, but also assume the responsibility for employees, consumers and other stakeholders.

SHADES OF CORPORATE GREEN

It is an educational,interesting,and painless discussion

of some very technical aspects of the paper pulp industry, and this welcome accessibility continues throughout.

CORPORATE RESPONSE TO SOCIAL DEMAND

Over 400 corporate social responsibility professionals

from around the globe gathered at the CSR Asia summit 2010 held on 14-15th September,2010 in Hong Kong to exchange key CSR issues

PILLARS OF ETHICAL ORGANISATION

Pillar 1:Foster a culture of trust and honesty

Pillar 2:Ban self-dealing

Pillar 3:Act with compassion but has zero tolerance for

the bad actor.

CASE FOR COMPANIES TO BE SOCIALLY RESPONSIBLE

A company is a corporate citizen-it should act as a

responsible citizen Improves a company's reputation Companies should solve the problems they cause Example-Pollution Keeps the government out of business Increased market share

CASE AGAINST COMPANIES TO BE SOCIALLY RESPONSIBLE

Increases costs A companies job is to make a good or service,not

improve society Stealing shareholders money A companies social obligations are dischared when it pays taxes Gives companies too much power Businesses may exert too much influence over charitable causes

STAKE HOLDERS
Shareholders

Employees
Customers Suppliers Financiers Families of employees and the community

CONCLUSION
The main problem that occurs while dealing with

ethical issues is pressure. To bring the society and country more equipped and to excel in the business competition more successfully SOCIAL RESPONSIBILITY OF BUSINESS AND MANAGERIAL ETHICS are important.