CHapter 5 Summary

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Running Head: Chapter Summary Chapter 5 Summary Principles of Management Mayville State University Jamal Branco October 2, 2014 Author Note: Chapter 5 Summary is being submitted to Professor Robert Johnston on October 2, 2014, by Jamal Branco as part of his studies in Principles of Management at Mayville State University 2 Hours Social Responsibility Definition and Perspectives Most companies today are intimately involved in social programs that have no direct connection with the bottom line. These programs include everything from support of the arts and urban renewal to environmental protection and education reform. But like all aspects of social management the act of social responsibility needs to be carried in an…show more content…
Defense: A defensive social responsibility strategy uses legal maneuvering or public relations campaign to avoid assuming additional responsibilities. Accommodations: Some outside stimulus, such as pressure from a special interest group or threatened government action, is usually required to trigger an accommodative strategy. Proaction: This strategy involves taking the initiative with a progressive program that serves as an inspiring role model for the industry. Practical Lessons from Business Ethics Research Empirical Research is always welcome in a socially relevant and important area such as business ethics. It permits us to go beyond mere intuition and speculation to determine more precisely who, what, and why. Ethical hot spots are things that are used every day in business. The list includes every type of reason that is unethical to ignore violations of environmental laws. Balancing work and family Poor internal communication Poor leadership Work hours, work load Lack of management support Need to meet sales, budget, or profit goals Little or no recognition of achievements Company politics Personal financial worries Insufficient resources. 10 Ethical Principles: 1. Self interest 2. Personal virtues 3. Religious injunctions 4. Government requirements 5. Utilitarian benefits 6. Universal rules 7. Individual rights 8. Economic efficiency
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