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Ch 2: Practicing Social Responsibility and Ethical Behavior in Business

About This Chapter

Watch online video lessons to learn about the role of socially responsible and ethical behavior in contemporary business. Each lesson is accompanied by a short multiple-choice quiz you can use to check your understanding of these business topics.

Practicing Social Responsibility and Ethical Behavior in Business - Chapter Summary and Learning Objectives

Social responsibility is a form of ethics or moral philosophy by which individuals or organizations act in the best interests of the larger society. In this chapter, instructors discuss whether it's possible for a company to be both economically profitable and socially responsible, using the Enron Corporation as a historical example. You'll also have the opportunity to compare compliance-based with integrity-based ethics. As you progress through the tutorials, you can find out how to write an ethics code for a business or company that reflects the organization's mission and values. Ethical decision-making at the corporate level, including its economic and legal benefits, will also be discussed. When you have finished watching the video lessons and taking the self-assessment quizzes found at the end of each chapter, you should be able to:

  • Understand what is meant by ethics and the role of moral philosophy in business and industry
  • Define and discuss rule- and value-based ethic codes in business
  • Understand how to write an ethics code for a business or company, including the principles and processes involved in its creation
  • Define social responsibility and its organizational role
  • Reflect upon some real life examples related to corporate ethics and responsibility and their overall effect on society.

VideoObjective
Business Ethics in Contemporary Businesses Discuss the role of ethics in contemporary business, with special attention paid to Enron as an example.
Code of Ethics: Compliance-based and Integrity-basedDistinguish between compliance-based and integrity-based ethics codes. Identify the steps involved in setting up a corporate ethics code.
Social Responsibility in Organizations Define social responsibility and the role it plays in contemporary businesses and corporations.

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