ethics (2)

• Corporate Social Responsibility (CSR)


  A company's commitment to society's sustainability and development
• What CSR focuses on (according to WBCSB)


  Sustainable economic development and improving quality of life
• Profiteering


  Making unreasonable profits during times of emergency
• Ecological imbalance


  A disturbance that disrupts the natural balance of an ecosystem
• Shared value (in CSR context)


  Aligning business goals with societal needs
• How ethical leadership contributes to CSR

  By setting an example of ethical behavior and decision-making
• Role of stakeholders in CSR strategy


  They influence and guide CSR initiatives based on their interests and concerns
• Entrepreneurs balancing profit-making with social/environmental responsibility

  Prioritizing profit at the expense of CSR initiatives
• Potential consequences for businesses neglecting CSR

  Legal and regulatory challenges, damage to reputation, and loss of trust
• Greenwashing by a company


  Raises questions about authenticity and transparency
• Entrepreneur torn between cutting costs and investing in sustainability


  Balancing stakeholder interests
• Ethical labor practices


  A business exploiting workers in a developing country with weak labor laws
• Company involved in corruption scandal


  Raises questions about ethical standards and integrity
• Entrepreneur facing pressure from shareholders for short-term profits


  Balance short-term gains with long-term sustainability goals
• How CSR initiatives impact competitiveness

  Enhances competitiveness by attracting socially conscious consumers
• Role of transparency in CSR

  Enhances credibility and trustworthiness
• Ensuring inclusivity and diversity in CSR programs

  Prioritize inclusivity in hiring and community engagement
• Ethical considerations in philanthropic activities

  Ensuring genuine impact and sustainability
• Responsible supply chain management in CSR

  Ensure ethical sourcing and fair treatment of suppliers
• Entrepreneur facing pressure from investors to prioritize profit over CSR

  Balance investor expectations with long-term sustainability goals
• Company's CSR report omitting failures and challenges


  Raises questions about transparency and honesty
• Entrepreneur discovering unethical supplier practices

  Terminate the supplier relationship and seek an ethical alternative
• Company criticized for greenwashing

  Apologize and take corrective actions, demonstrating genuine commitment to sustainability
• Entrepreneur facing dilemma between community project and profit maximization

  Balance community support with financial sustainability
• Society


  A large group of people living together in an organized way
• Sustainable Development


  Meeting present needs without compromising future generations' ability to meet their own needs
• Organization defining CSR as "the continuing commitment by business to behave ethically"

  World Business Council for Sustainable Development (WBCSD)
• Jollibee Foods Corporation's CSR initiatives


  • Access to education, livelihood development, leadership development, and disaster response
• Metrobank Group's CSR programs


  • Scholarships and educational opportunities for financially challenged students
• Responsibility of entrepreneurs towards consumers


  Adopting fair pricing and quality standards