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CORPORATE SOCIAL RESPONSIBILITY
the responsibilities businesses have to; COMMUNITY, ENVIRONMENT, WORKERS, STAKEHOLDERS
WHISTLEBLOWING
when employee discloses misconduct either (privately) to employer, or the public
GLOBALISATION
integration of ECONOMIES, POLICIES & CULTURES around the world
“GOOD ETHICS=GOOD BUSINESS”
the principle that ethical business decisions lead to positive outcomes, including CUSTOMER LOYALTY, EMPLOYEE SATISFACTION & LONG-TERM PROFIT
WHAT ARE THE DIFFERENT TYPES OF BUSINESSES?
TRANS-NATIONAL CO-ORPRATIONS: businesses based in many countries →BIG BUSINESSES ARE SET UP SO NOT JUST ONE PERSON IS LIABLE FOR EVERYTHING
SOLE-TRADERS: one-person businesses
SHAREHOLDERS
people who have invested in a business
WHAT MUST BUSINESS MANAGERS ALWAYS DO?
perform the duty of always acting in the best interest of their shareholders
STAKEHOLDER
An individual / group that is harmed by, or can harm, the co-operation. ~Business Ethics: A European Perspective, 2004
INCLUDING: EMPLOYEES, CUSTOMERS, SUPPLIERS, CONSUMERS & GOVERNMENT
ETHICAL RESPONSIBILITIES
can “oblige corporations to do what is right, just and fair even when they are not compelled to do so by legal framework.” -Business Ethics: A European Perspective, 2004
STAKEHOLDER RESPONSIBILITIES
an obligation that cannot be rejected without serious repetitional damage
PRIMA FACIE -business ethics 1991
loyalty employer has to an employee
(undermined by whistleblowing !)
