Social responsibility of business management ethics
1. SOCIAL RESPONSIBILITY OF BUSINESS
MANAGEMENT ETHICS
Presentation prepared By
Name: Vinodh
Class: Munjals
Reg NO: 11MBAMU47
SVCCAM
2. Introduction to Management
& society
Social development is the main aim of any form of
organization all over the world.
Therefore, business has certain responsibility towards
the society.
Management are expected to follow the value of the
society they work in.
In India, everyone is competing for products and
profits, but many org does’nt fulfilling their
responsibilities.
3. Meaning & Definition 0f Management
& Social responsibility
Management
It means art or skills of directing human activities
and physical resources in the attainment of predetermined
goals.
According to Henry Fayol, “To manage is to forecast
and plan, to organize, to command, to coordinate, and
control”.
According to Louis Allen, “Management is what
managers does in the organisations”.
4. Social Responsibility
These are basic obligations of business
organisations. These are described in terms of obligations
of business towards the various interest groups.
According to K.R. Andrews, “conceptually social
responsibilities may be taken to mean intelligent and
objective concern for the welfare of the society”.
5. Areas of social responsibilities
Ecology & environmental Quality
To maintain a pollution free environment.
To ensure spread of industries.
To ensure proper land use.
consumption
To provide true & fair business dealings.
To provide product warranty & services.
Adequate information about the product.
6. community needs.
Provide expert service for local problems.
Ensure healthcare facilitates & educations.
Govt and labour relation
Encourage restriction on lobbying.
employee education & training.
provide flexible working time.
Shareholders relations
take care of shareholders interest.
8. Introduction to managerial Business Ethics
Meaning & Definition
The word “ethics ”is derived from the Greek word
“Ethos”, which refers to character, beliefs, community or
people.
at present it represents in two ways:
a) As a field of study.
b) As a behavioural pattern.
According to Webster “Ethics is the discipline dealing with
that which is good and bad and with moral and
obligation”.
9. Examples of Managerial Ethics
a) Give fair & equitable treatment to the employee.
b) To charge fair weights for measurement of
commodities.
c) To charge fair prices from the customers.
d) To pay tax to government & other bodies commonly.
e) To earn reasonable profits.
f) To become a good corporate citizen.
10. Nature of managerial Ethics
a) Business ethics are important in all types of business-
large or small, manufacturing or services.
b) Its above law
c) Its dynamic term and may change over time
d) Systematic handling of values in business & industry
e) Specialised study of moral right or wrong.
f) It concentrated on moral standard as they apply to
business policies, institutions and behaviour.
11. Difference between Ethics & Social responsibilities.
a) Ethics provide guidelines for human behaviour in every
field, whether organisational or non-organisational.
BUT
Social responsibilities works in organisational context.
Thus, implication of ethics are much wider than those of
social responsibility.
a) Ethics is concerned with micro aspect that is, relating
to daily operating decisions with limited social impact.
BUT
Social responsibility is concerned with macro aspect
relating to decisions with broad implications for a large
segment of the society.
12. Tools of Ethics
a) Values.
b) Rights & Duties.
c) Moral rules.
d) Human Relationships.
e) Common Morality:
1) promise keeping
2) normal evidence
3) mutual aid
4) respect for persons & property
13. Ethical Issues In Management
a) Self dealing
b) Information manipulation
c) Opportunistic exploitation
d) Substandard working conditions
e) Environmental degradation
f) Corruption
