Which one is the odd one out?

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Which one is the odd one out?
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Business Ethics and Social Responsibility
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What responsibility do businesses have?

• Do businesses have responsibilities?
• What are their responsibilities?
• Should they have them? Why?
• Surely their purpose is to make profit?
• http//www.msnbc.com/modules/enron/

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Archie Carrolls Pyramid of Social
Responsibility
Legal
To do some good for society
Philanthropic
Ethical
What society sees as acceptable
Laws/Regulations
Profitable
Economic
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The Golden Rule

• Do as you would be done by!
• What does this mean for individuals?
• What does this mean for organisations?

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Business Ethics

• Rules or standards governing the conduct of a
  business
• Moral code what is right and what is
  wrong?
• Highly subjective nature
• Tension between different stakeholders

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Ethical Company Investigation

• You need to answer the following questions about
  your company
• Who are the companys key stakeholders?
• What responsibility does the company owe to these
  stakeholders?
• How is the company ethically minded?
• Do you think the company is totally ethical
  focused or tokenistic in its approach?
• Are their any potential conflicts affecting its
  ethical trading?

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Business Ethics

• Tensions
• Profits versus higher wages
• Expansion versus development
• Production versus pollution
• Supplier benefits versus consumer prices/lower
  costs
• Survival of the business versus needs of
  stakeholders

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Plenary Does ethical business mean profitable
business?