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Chapter 23

Chapter 23. Social. Responsibilities of a Business. Environmental. Ethical. The positive and negative effects of being responsible. Definitions. What you need to know. How a business can be responsible under each heading.

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Chapter 23

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  1. Chapter 23 Social Responsibilities of a Business Environmental Ethical

  2. The positive and negative effects of being responsible. Definitions What you need to know How a business can be responsible under each heading

  3. http://www.youtube.com/watch?v=CUCSK1QFwts&list=WL8BC1D3672FE9319E&index=1&feature=plpp_videohttp://www.youtube.com/watch?v=CUCSK1QFwts&list=WL8BC1D3672FE9319E&index=1&feature=plpp_video • Definition: An ethical company conducts business according to a set of moral principles. • In the clip above we see the CEO of MI is not acting in an ethicalway as he is involved in the exploitation of children. • Definition: Whistleblower: staff whose ethical concerns are ignored within the business and who have the courage to report the wrongdoing to the authorities or media. • In the above clip we see employees become whistleblowers.

  4. Amnesty International are an interest group working for human rights. • This clip shows a company that has neglected its environmental responsibilities and its social responsibilities. • http://www.youtube.com/watch?v=ejym4mKelhM&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • http://www.youtube.com/watch?v=YmI3xjZk_y0&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • Definition: An environmentally responsible business aims for sustainable development, i.e. they do not damage the environment for future generations. • Definition: a socially responsible business treats everyone (stakeholders) they come in contact with honestly and fairly.

  5. Definition: a socially responsible business treats everyone (stakeholders) they come in contact with honestly and fairly. • Surely this includes advertising?? • http://www.youtube.com/watch?v=xA14pAGW4UA&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video • Consumers are becoming more conscious of the issues of corporate responsibility. This is reflected in the media. The clip below illustrates the importance of having a code of ethics for staff as they engage with stakeholders. • http://www.youtube.com/watch?v=KZNRaT3xL5w&feature=BFa&list=WL8BC1D3672FE9319E&lf=plpp_video

  6. Some companies have gained loyal clients and good publicity by promoting a “green” image. • http://www.youtube.com/watch?v=IFyLGlr6umY • http://www.youtube.com/watch?v=maeXjey_FGA&feature=related • If society does not force businesses to become more responsible what are the implications for the future?

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