Ethics, Ethical Strategies, and Corporate Social Responsibility
Explore the concept of ethics, analyze ethical strategies, and evaluate corporate social responsibility in business. Learn about the importance of being ethical, the pressures for socially responsible behavior, and the reasons and disadvantages of ethical practices in teams.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Ethics LF
Lesson Objectives I will learn how to: Define Ethics(E) Discuss and Analyse Ethical Strategies(C) Evaluate Corporate Social Responsibility (A*)
Define Ethics Success Criteria Define Ethics AO1
Who deserves the money?? Success Criteria Application AO2
Pressures for socially responsible behaviour Pressure can be put on businesses to behave in a socially responsible way: Consumer actions Pressure groups (PETA) Government actions Media coverage Investors Success Criteria Application AO2
Reasons for being Ethical - Teams Financial benefits Ability to attract investments because___________________________ Avoidance of fines and environmental taxes Mistakes and bad PR are expensive HR benefits Recruitment and retention of staff - attract a wider pool of talent and skills Motivation of staff Marketing benefits Greater customer loyalty Potential for differentiation and using CSR as a USP allowing for premium pricing Positive rather than negative media attention and PR Recognition from external bodies e.g. Fair Trade Foundation, Investors in People Operational benefits Lower production costs through efficient procedures and recycling Positive relationship with suppliers Success Criteria Explain the disadvantages AO4 Justify the most influential (Stretch & Challenge)
Disadvantages of being Ethical - Teams Financial costs Looking after employees e.g. training, pay and working conditions because___________________________ Ethical suppliers, direct and throughout the supply chain Product safety Environmentally friendly practices throughout the business operation Appointing a director to be responsible for CSR Not meeting corporate objectives Short term shareholders returns Growth entering new markets Opportunity cost Time spent on CSR, policies, reports and monitoring Day to day functions Success Criteria Explain the disadvantages AO4 Justify the most influential (Stretch & Challenge)
20 mark question Against the wishes of PETA, McDonald s purpose is to sell meat based products resulting in the death of many animals. In a trade off between profit and ethics what would you recommend: Option 1 focus on profit Option 2 focus on ethics
