Ethics and Social Responsibility

Learning Objectives

1. Define business ethics and explain what it means to act ethically in business.
2. Explain how you can recognize an ethical organization.
3. Specify the steps that you would take to solve an ethical dilemma and make an ethical decision.
4. Identify ethical issues that you might face in business, and analyze rationalizations for unethical behavior.
5. Specify actions that managers can take to create and sustain ethical organizations.
6. Define corporate social responsibility and explain how organizations are responsible to their stakeholders.
7. Identify threats to the natural environment, and explain how businesses are addressing them.
8. Define sustainability and understand why companies are now focusing on environmental and socially responsibility issues.
9. List the stages of corporate responsibility.