Skip to main content

Chapter 6. Managing Social Responsibility and Ethics


I.                    What is Social Responsibility
1.       From Obligations to Responsiveness to Responsibility
·         Social obligation is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities. The organization does what it’s obligated to do and nothing more.
·         Social responsibility, says that management’s only social responsibility is to maximize profits. The most outspoken advocate of this approach is economist and Nobel laureate Milton Friedman.
·         Socioeconomic view, says that managers’ social responsibilities go beyond making profits to include protecting and improving society’s welfare. This view is based on the belief that corporations are not independent entities responsible only to stockholders, but have an obligation to the larger society.
·         Social responsiveness is when a company engages in social actions in response to some popular social need. Managers are guided by social norms and values and make practical, market-oriented decisions about their actions.
·         Social responsibility is a business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society. A business obeys the law and cares for its stockholders, but adds an ethical imperative to do those things that make society better and not to do those that make it worse.
2.       Should Organizations Be Socially Involved?
        Socially responsible investing (SRI) funds, which provide a way for individual investors to support socially responsible companies. Typically, these funds use some type of social screening; that is, they apply social and environmental criteria to investment decisions. For instance, SRI funds usually will not invest in companies involved in liquor, gambling, tobacco, nuclear power, weapons, price fixing, fraud, or in companies that have poor product safety, employee relations, and environmental track records.

II.                  Green Management and Sustainability
        A number of environmental disasters brought a new spirit of environmentalism to individuals, groups, and organizations. Increasingly, managers have begun to consider the impact of their organization on the natural environment, which we call green management.
1.       How Organization Go Green
        One model uses the terms shades of green to describe the different environmental approaches that organizations may take.
a.       Legal (or light green) approach, which illustrates social obligation, organizations exhibit little environmental sensitivity. They obey laws, rules, and regulations without legal challenge and that’s the extent of their being green.
b.       Market approach, respond to environmental preferences of customers. Whatever customers demand in terms of environmentally friendly products will be what the organization provides.
c.       Stakeholder approach, an organization works to meet the environmental demands of multiple stakeholders such as employees, suppliers, or community.
d.       Activist (or dark green) approach, looks for ways to protect the earth’s natural resources. The activist approach reflects the highest degree of environmental sensitivity and illustrates social responsibility.
2.       Evaluating Green Management Actions
        As businesses become “greener,” they often release detailed reports on their environmental performance. Almost 6,000 companies around the globe voluntarily report their efforts in promoting environmental sustainability using the guidelines developed by the Global Reporting Initiative (GRI). Another way organizations show their commitment to being green is through pursuing standards developed by the nongovernmental International Organization for Standardization (ISO). One final way to evaluate a company’s green actions is to use the Global 100 list of the most sustainable corporations in the world.

III.                Managers and Ethical Behavior
        Ethics is the principles, values, and beliefs that define right and wrong decisions and behavior. Many decisions managers make require them to consider both the process and who’s affected by the result.
1.       Factors That Determine Ethical and Unethical Behavior
a.       Stage of Moral Development
·         The preconvention level, a person’s choice between right and wrong is based on personal consequences from outside sources, such as physical punishment, reward, or exchange of favors.
·         The conventional level, ethical decisions rely on maintaining expected standards and living up to the expectations of others.
·         The principled level, individuals define moral values apart from the authority of the groups to which they belong or society in general.
b.       Individual Characteristics
                Values is basic convictions about what is right and wrong. Our values develop from a young age based on what we see and hear from parents, teachers, friends, and others. Two personality variables have been found to influence an individual’s actions according to his or her beliefs about what is right or wrong:
·         Ego strength measures the strength of a person’s convictions. People with high ego strength are likely to resist impulses to act unethically and instead follow their convictions.
·         Locus of control is the degree to which people believe they control their own fate. People with an internal locus of control believe they control their own destinies.
c.       Structural Variables
                An organization’s structural design can influence whether employees behave ethically. Those structures that minimize ambiguity and uncertainty with formal rules and regulations and those that continuously remind employees of what is ethical are more likely to encourage ethical behavior. Other structural variables that influence ethical choices include goals, performance appraisal systems, and reward allocation procedures.
d.       Organization’s Culture
                Consists of the shared organizational values. These values reflect what the organization stands for and what it believes in as well as create an environment that influences employee behavior ethically or unethically. Because shared values can be powerful influences, many organizations are using values-based management, in which the organization’s values guide employees in the way they do their jobs.
e.       Issue Intensity
                Six characteristics determine issue intensity or how important an ethical issue is to an individual: greatness of harm, consensus of wrong, probability of harm, immediacy of consequences, proximity to victim(s), and concentration of effect.
2.       Ethics in an International Context
        Are ethical standards universal? Although some common moral beliefs exist, social and cultural differences between countries are important factors that determine ethical and unethical behavior. In the case of payments to influence foreign officials or politicians, U.S. managers are guided by the Foreign Corrupt Practices Act (FCPA), which makes it illegal to knowingly corrupt a foreign official. However, even this law doesn’t always reduce ethical dilemmas to black and white.

IV.                Encouraging Ethical Behavior
1.       Employee Selection
        The selection process (interviews, tests, background checks, and so forth) should be viewed as an opportunity to learn about an individual’s level of moral development, personal values, ego strength, and locus of control.
2.       Codes of Ethics and Decision Rules
        Uncertainty about what is and is not ethical can be a problem for employees. A code of ethics, a formal statement of an organization’s values and the ethical rules it expects employees to follow, is a popular choice for reducing that ambiguity.
3.       Leadership at the Top
Doing business ethically requires a commitment from managers at all levels, but especially the top level. Why? Because:
·         They’re the ones who uphold the shared values and set the cultural tone.
·         They’re role models in terms of both words and actions.
·         What they do is far more important than what they say.
4.       Job Goals and performance Appraisal
        Under the stress of unrealistic goals, otherwise ethical employees may feel they have no choice but to do whatever is necessary to meet those goals. Also, goal achievement is usually a key issue in performance appraisal. If performance appraisals focus only on economic goals, ends will begin to justify means. To encourage ethical behavior, both ends and means should be evaluated.
5.       Ethics Training
        More organizations are setting up seminars, workshops, and similar ethics training programs to encourage ethical behavior.
6.       Independent Social Audits
        The fear of being caught can be an important deterrent to unethical behavior. Independent social audits, which evaluate decisions and management practices in terms of the organization’s code of ethics, increase that likelihood.
7.       Protective Mechanisms
        Employees who face ethical dilemmas need protective mechanisms so they can do
what’s right without fear of reprimand. An organization might designate ethical counselors for employees facing an ethics dilemma.

V.                  Social Responsibility and Ethics Issues in Today’s World
1.       Managing Ethical Lapses and Social Irresponsibility
a.       Ethical Leadership
                Managers must provide ethical leadership. As we said earlier, what managers do has a strong influence on employees’ decisions whether to behave ethically.
b.       Protection of Employees Who Raise Ethical Issues
                It’s important for managers to assure employees who raise ethical concerns or issues that they will face no personal or career risks. These individuals, often called whistle-blowers, can be a key part of any company’s ethics program.
2.       Social Entrepreneurship
Social entrepreneur is an individual or organization who seeks out opportunities to improve society by using practical, innovative, and sustainable approaches. Social entrepreneurs want to make the world a better place and have a driving passion to make that happen.
3.       Businesses Promoting Positive Social Change
a.       Corporate Philanthropy
                Can be an effective way for companies to address societal problems.
b.       Employee Volunteering Efforts
                Another popular way for businesses to be involved in promoting social change. Many businesses have found that such efforts not only benefit communities, but enhance employees’ work efforts and motivation.

Comments

Popular posts from this blog

Chapter 14. Strategies for Firm Growth

I.                     Internal Growth Strategies         Involve efforts taken within the firm itself, such as new product development, other product-related strategies, and internal expansion, for increasing sales revenue and profitability. 1.        New Product Development The keys to effective new product and service development, follow: -           Find a need and fill it -           Develop products that add value -           Get quality and pricing right -           Focus on a specific target market -           Conduct ongoing feasibility analysis The top 5 reasons new product fail...

Chapter 6. Business Markets and Business Buyer Behavior

                Perilaku pembeli bisnis mengacu pada perilaku pembelian organisasi yang membeli barang dan jasa untuk digunakan dalam produksi produk dan layanan lain yang dijual, disewakan, atau dipasok ke orang lain. Dalam proses pembelian bisnis, pembeli bisnis menentukan produk dan layanan mana yang perlu dibeli oleh organisasi mereka dan kemudian menemukan, mengevaluasi, dan memilih di antara pemasok dan merek alternatif. I.                     Business Markets 1.        Market Structure and Demands                 Pemasar bisnis biasanya berurusan dengan pembeli yang jauh lebih sedikit tetapi jauh lebih besar daripada pemasar konsumen. Lebih jauh, permintaan bisnis berasal dari permintaan-permin...

Chapter 2. Recognizing Opportunities and Generating Ideas

I.                       The Difference Between Opportunities and Ideas ·          An opportunity is a favorable set of circumstances that creates a need for a new product, service, or business. ·          An entrepreneur recognizes a problem or an opportunity gap and creates a business to address the problem or fill the identified gap. ·          An opportunity has four essential qualities: It is (1) attractive, (2) timely, (3) durable and (4) anchored in a product, service, or business that creates or adds value for its buyer or end user. ·          Window of opportunity is a metaphor describing the time period in which a firm can realistically enter a new market. ·          ...