ETHICS

• Social responsibility - refers to a person's obligation to think about the effects of his decisions and actions on the whole social system.
• ✓Equality in employment embraces all without discrimination.


  Right to equal employment opportunities.
• Security is a basic right of both public and private employees

  Basic employee right to security of tenure
• An employee must be paid his or her wages for all hours worked. If he/she works for more than 8 hours in one day, he/she shall be entitled to overtime pay

  Work days and work hours
• Wage is the amount paid to an employee in exchange for a task, piece of work, or services rendered to an employer. 


  Wage and wage related benefits.
• Working conditions refers to the safety and healthfulness of the workplace, particularly the physical work environment and the procedures followed in performing the work.

  Working condition
• Businesses are responsible for compliance of government rules, regular and honest payment of taxes, cooperate with the government for economic development, follow waste management control and all other government policies.

  CORPORATE RESPONSIBILITY TOWARDS THE GOVERNMENT
• an organization must ensure that fair payment of prices for goods and services are being followed at a reasonable time, companies also should inform any changes in the business or in the market, coordinate future developments, and promote healthy competition.

  CORPORATE RESPONSIBILITY TOWARDS SUPPLIERS
• every business or company must strictly follow the loans agreement, ensure business ethics are being practiced, proper utilization of loans, and ensure regular payment of any financial accountabilities

  CORPORATE RESPONSIBILITY TOWARDS CREDITORS
• Supplying quality goods or services for consumers are very important. It is the business' responsibility to ensure that the product or service they provide for the consumers has better quality.


  CORPORATE RESPONSIBILITY TOWARDS CONSUMERS AND GENERAL PUBLIC
• •Consumers should be protected against:

  •Deceptive advertising

  •Concealed facts

  •Gross distortions

  •Mislabeling or incomplete labeling

  •Fine print warranties and guarantees

  •Any business practices that can endanger consumer


  Consumer protection
• 1. The right to basic needs 2. The right to safety 3. The right to information 4. The right to choose 5. The right to representation 6. The right to redress 7. The right to consumer education 8. The right to healthy environment


  THE RIGHTS OF THE CONSUMERS
• This encompasses the study of moral problems, practical reasoning, right and wrong, good and bad, virtues and vices, character, moral duty, and related issues involving nature, origins, and scope or moral values (Cortez, 2016).

  Ethical dilemmas
• It is involved with actions, activities, and outcomes that are morally right, good and equitable.

  Ethics
• A wrongful deception intended to result in personal gain


  Fraud
• refers to illegal activities undertaken by an individual or company that are done in a dishonest or unethical manner.

  Corporate fraud
• This arises when another business advances a competitive advantage through fraudulent, unfair, or unethical commercial conduct.

  Unfair competition
• Companies shall give fair pay to employees and provide a fair working condition to all employees.

  Fair working condition
• A legal agreement clause in a contract between employer and employee where the employee binds not to enter into a competition with an employer after the employment period is ended.

  Non respect agreement
• It is the worsening of the environment through reduction of resources such as air, water, and soil.

  ENVIRONMENTAL DEGRADATION
• This includes air degradation, particle pollution and the depletion of the ozone layer

  ATMOSPHERIC DEGRADATION
• This refers to the organization's effort in creating and maintaining a positive relationship with the personne


  Personnel relations
• It describes the way the company engages their customers

  CUSTOMER RELATIONS
• Solutions to Environmental Degradation:

  1.Stop Deforestation. 2. Government Regulations. 3. Fines and Punishment for Illegal dumping. 4. Reduce Consumption Levels. 5. Reuse and Reduce Waste Generation 6. Avoid Plastic use 7. Education 8. Convince Others
• SOCIAL ENTREPRENEURSHIP

  It is a business model that explores business opportunities that have a positive impact on the community, society or the world. It refers to establishing business ventures to achieve social change.
• Someone who works in an entrepreneurial manner, but for public or social benefit, rather than simply to make money.”

  Social entrepreneur
• Essentially a profit-maximizer. Profits are regularly distributed to the owners or shareholders.

  Traditional entrepreneur
• It means a firm's obligation to protect and improve welfare of the society and its organization, now as well as in future, through its various business and social actions, and ensures that it generates equitable and sustainable benefits for the various stakeholders.

  CORPORATE SOCIAL RESPONSIBILITY
• This model emphasized on the internal policy goals & their relation to the CSR

  Ackerman Model (1976)
• Friedman believes that firms should not engage in any philanthropic activities since socially responsible actions destroy wealth.


  Friedman Model (1962-1973)
• Carroll's CSR Pyramid is a basic structure for arguing how and why businesses should satisfy their social responsibilities.

  Carroll Model (1991)
• Almost all economic systems around the world recognize the vital importance of profit-making businesses to society

  ECONOMIC RESPONSIBILITIES
• As a condition of operation, businesses are expected and required to follow these laws and regulations

  LEGAL RESPONSIBILITIES (OBEY THE LAW)
• what is required by laws and regulations, society expects businesses to operate and conduct their affairs ethically

  ETHICAL RESPONSIBILITIES (BE ETHICAL)
• The public does believe that businesses will "give back," which is the "expectation" aspect of responsibility

  PHILANTHROPIC RESPONSIBILITIES (BE A GOOD CORPORATE CITIZEN)
• It is more concerned with environmental integrity and human health

  Environmental Integrity and Community Health Model
• Corporate Citizenship Model

  •Elementary •Engaged •Innovative •Integrated •Transforming
• Stakeholder-


  is defined as any individual or group who can affect or is affected by a company's actions
• Sound business - is a method, procedure, process, or rule employed or followed by a company in the pursuit of its objectives
• Filipinos attach great value to clear and transparent communications with all stakeholders. One motto of Filipinos is "Do what you say and say what you do."

  Integrity and transparency