MGMT-121 Chapter 6: Ch 6 Managing Responsibly and Ethically
28 Jun 2018
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Department
Course
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Chapter 6
Managing Responsibly and Ethically
Copyright © 2016 Pearson Canada Inc. 5-1
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Learning Outcomes:
1.Understand what it means to be a socially
responsible manager.
2.Describe how managing responsibly contributes
to organizational performance.
3.Identify sustainable management practices.
Copyright © 2016 Pearson Canada Inc. 5-2
find more resources at oneclass.com
find more resources at oneclass.com
Learning Outcomes:
4.Understand the principles of values-based
management.
5.Discuss current ethics issues.
Copyright © 2016 Pearson Canada Inc. 5-3
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
1. understand what it means to be a socially responsible manager. 2. describe how managing responsibly contributes to organizational performance. Businesses facing a drastically changed industry environment offer employees early retirement and buyout packages. Large global corporations lower their costs by outsourcing to countries where human rights are not a high priority and justify it by saying they"re bringing in jobs and helping strengthen the local economies. The concept of social responsibility has been interpreted as Any discretionary corporate activity intended to further social welfare. Maximize profits for the benefit of the stockholders. Social obligation is a firm"s engaging in social actions because of its obligation to meet certain economic and legal responsibilities. Management should also protect and improve society"s welfare. Firms have a moral responsibility to larger society to do the right thing . Social responsiveness a firm"s engaging in social actions in response to some popular social need.
