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Ethical and Social Responsibility in Management PowerPoint Presentation

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On : Mar 19, 2016

In : Business & Management

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Ethical and Social Responsibility in Management
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  • Slide 1 - Ethical and social responsability in management (Strategic Management)
  • Slide 2 - Before it is implemented, a potential solution to a problem should be tested by the « ethics double-check », and should meets moral standards. The ethical and social responsibility of corporations arise from the simple fact that corporations serve multiple stakeholders. And each one has different stakes in the corporation and demands different outputs from it.
  • Slide 3 - ppt slide no 3 content not found
  • Slide 4 - 4-1/ The realm of ethics Business decisions are also « good » and « bad ». Making decisions requires that managers go beyond traditional economic technological, and sociopolitical citeria and make evaluations based on ethical criteria. Decision making can be simplified if managers can understand ethical issues and if the organization allows ethical considerations to influence strategic decisions.
  • Slide 5 - 4-1/ The realm of ethics The examination of ethical issues can be done at three levels:
  • Slide 6 - 4-2/ Ethical conflicts The dilemma of ethical decision making in business setting arises out of the tensions or conflicts between what it is good for individuals, organizations, and society.
  • Slide 7 - 4-2/ Ethical conflicts Dealing with ethical conflicts requires companies establish and communicate ethical stadards for their employees. And they must create decision making procedure for resolving ethical conflicts.
  • Slide 8 - 4-3/ Corporate social responsiblity and strategy formulation Corporations are primarily economic entities whose soles purpose is to increase shareholder wealth by producing and selling goods needed by customers In contrast , corporations have grown to such large size and complexity that they affect many noneconomic aspects of society. These areas include health politics, culture, and social relations.
  • Slide 9 - 4-4/ Areas of social resposability Responsibility for protecting the natural environment. Responsibility toward customers Responsibility toward employee welfare Responsibilities toward local, state and federal government agencies. Responsibilities to the public or communities where the corporation has operations Responsibilities toward the media.
  • Slide 10 - 4-4/ Procedures for dealing with social responsibilities 1. Forecasting strategic sosial issues In each area of social responsibility,managers need to forecast the emergence and life cycle of strategic social issues.This can be done by instituting an issues management program in the company. Issues management refers to early identification,tracking,and resolution of strategic issues that could affect the company; By considering emerging strategic issues early,firms have the opportunity to shape strategies as they become important to the firm and put them on their strategic agenda.
  • Slide 11 - 4-4/ Procedures for dealing with social responsibilities 2. Organizing for social responsibility If socially responsive behaviour is to be seriously and consistently encouraged within organizations,if cannot be left up to the personal preferences of idividual managers.It must be institutionalized with appropriate organizational authority and resources.Managerial roles and functions must be defined that are in charge f monitoring social performance of the firm and ensuring that it fulfils its diverse responsibilities toward its stakeholders
  • Slide 12 - 4-4/ Procedures for dealing with social responsibilities 3. Socially resposible strategies It consits on evaluating the social merits of each corporate and business strategy selected based on financial, technological, and market criteria. A second approach consists on developing socially responsive strategies is adopting specific strtegies toward all key stakeholders of the firm. Such stategies pursue multiple stakeholder objectives rather than simple profitability objectives.
  • Slide 13 - 4-4/ Procedures for dealing with social responsibilities 4. Social responsibility regulations Over the past twenty years, establishment of a variety of regulations and regulatory agencies has ensured that corporations meet at least their minimal social responsibilities.
  • Slide 14 - Consumer product safety commission Environmental protection agency Equal employment opportunity commission Faderal emergency management agency Federal trade commission Food and drug administration General accounting office Interstate commerce commission Minning enforcement and safety commission National highway safety administration Nuclear regulatory commission Occupational safety health administration Office of consumer affairs Office of federal contract compliance programs Office of technology assessment Securities and exchange commission Some agencies that adress all the areas of social responsibility identified in this section:
  • Slide 15 - Thank You

Description : Strategic Management : Ethical and Social Responsibility in Management

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