Business Ethics and Social Responsibility

• BUSINESS ETHICS practice of what is morally and ethically right in the conduct of business in the workplace
• TOP MANAGEMENT → DOWN THE LINE → Should practice ethical standards that will morally uphold the organization and sustain its credibility and integrity at all times
• Who made levels of Business Ethics?

  Johnson and Scholes
• Levels of Business Ethics

  1. Macro Level
  2. Corporate Level
  3. Individual Level
• What level of Business Ethics is this?

  • Adapts to local culture, local celebrities and language Respectfully.

  Macro Level
• What level of Business Ethics is this?

  • Business represents their company to the rules and standards of the industry

  Corporate Level
• What level of Business Ethics is this?

  • Employee's have personal commitments

  Individual Level
• Business organization is how the business structured
• What are the 3 Forms of Business Organization?

  Single or Sole Proprietorship

  Partnership

  Corporation
• Business that knows alone and already assume the risk of Business Enterprise.

  What Business Org is this?

  Single or Sole Proprietorship
• It is manage by one person and simplest form of business. What Business Org is this?

  Single or Sole Proprietorship
• All profits and business decisions are under the discretion of the Business Owner. What Business Org is this?

  Single or Sole Proprietorship
• It is a one-man's capital. What Business Org is this?

  Single or Sole Proprietorship
• Creditors of his business may proceed not only against the assets and property of his business but also after his assets and property. What Business Org is this?

  Single or Sole Proprietorship
• Business organizations owned by two or more persons bind themselves to contribute, with the intention of dividing the profits among themselves. What Business Org is this?

  Partnership
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Easy formation of Business


  Advantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Unlimited Liability

  Disadvantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Larger Resources

  Advantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Limited Life

  Disadvantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Sharing Risk

  Advantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Difficult to raise capital

  Disadvantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Better Management and Flexibility of Operation

  Advantages
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • No corporate income tax

  Advantage
• Statement or the words that describe the advantages or disadvantages of PARTNERSHIP. Choose the right

  • Subject to fewer regulations as compared to companies

  Advantages
• This Business organization has a distinct personality.

  Corporation
• This Business organization enjoys certain rights and privileges just like an ordinary individual.

  Corporation
• This Business organization can enter contracts, loan and borrow money, sue and be sued,hire employees, and pay taxes.

  Corporation
• This Business organization sell stocks.

  Corporation
• It has a life of its own and does not dissolve upon the death or withdrawal of a shareholder and it has limited liability.

  Corporation
• Corporation has Artificial being
• Corporation created by operation of law without it it cannot come into existence by mere agreement
• Corporation require special authority or grant from the Stae,wither by a special incorporation law that directly creates the corporation or by means of a general corporation law
• Corporation has the capacity of continued existence subject to the period stated in the Articles of incorporation-The death, withdrawal, insolvency or incapacity of the individual shareholders or members will not dissolve the corporation-transfer of ownership of shares of stock does not dissolve the corporation
• Topic: Role of Business in Society.

  The main purpose is to create wealth.
• Topic: Role of Business in Society.

  Innovate and deliver products and services and use resources in the most-efficient manner.
• Topic: Role of Business in Society.

  Always strive to become profitable and gain financial reward.
• Topic: Role of Business in Society.

  Motivated by the monetary return from its operations.
• Topic: Role of Business in Society.

  Meet the needs of the people.

  1. Customers
  2. Employees
  3. Suppliers, Logistics, Distributers, etc.