ETHICS

• Socially Responsible Entrepreneur


  Is proactive with eliminating corrupt, irresponsible or unethical behavior that might bring harm to the community, the environment before the behavior happens.
• Social Responsibility


  Is an ethical framework and suggest that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
• Social Responsibility 


  Is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems.
• Entrepreneurs 


  are creators that hold the power to make statements that can cause a ripple effect, impacting the masses in a positive or negative way
• Entrepreneurship 


  Is creative and forward thinking. Although business run on money, entrepreneurs are often focused on a great deal more than their bottom lines.
• Triple Bottom Line


  Is a sustainability framework that examines a company's social environment and economic impact. Also, this model encourages businesses to track and manage economic not just financial but also the social and environmental value added or destroyed.
• 3P's or the TBL (Triple Bottom Line)


  Stands for People, Planet, and the Profit
• Planet (in 3P's)


  Positive and negative impact an organization has on its natural environment
• Profit (in 3P's)


  Positive and negative impact of an organization has on the local, national, and international economy.
• Sustainable Company


  is one whose purpose and actions are equally grounded in financial, environmental, and social concerns.
• Sustainable business


  Also called a green business, is an enterprise that has minimal negative impact, or potentially a positive effect, on the global or local environment, community, society, or economy.
• Sustainable Business


  A business that strives to meet the triple bottom line
• Stuart Hart and Mark Milstein


  They developed a quadrant that defines how sustainability creates added value.
• Sustainability in business addresses two main categories

  • The effect business has on the environment
  • The effect business has on the society
• Sustainable Business Strategy


  Is to make a positive impact on either one of those area. For instance, when companies fail to assume responsibility, the opposite can happen, leading to issues like environmental degradation, inequality, and social injustice.
• Coffee Sourcing


  With the help of Conservation International, we've developed ethical sourcing guidelines that help us purchase coffee that is responsibly grown and ethically traded.
• Farmers' Support


  Working with farmers directly to develop responsible growing methods and investing in their communities to ensure a sustainable supply of quality coffee.
• Tea Sourcing


  Supports project that help improve the livelihoods for producers of our distinctive Tazo teas
• Cocoa Sourcing


  Is designed to ensure a long-term supply of high-quality, ethically sourced cocoa
• Social Responsibility 


  Is a firm's obligation to go beyond what the law requires to pursue long0term goals that benefit society
• Social Obligation


  the obligation of a business to meet its economic and legal responsibilities and no more, is a minimalist position toward social responsibility.
• Social Responsiveness


  A firm's ability to adapt to changing social conditions, is an activist position toward social responsibility
• Ethics


  Is need for managers to become more socially responsible
• Foundation for a successful CSR policy

  1. Determine what makes your company unique
  2. Look at the gold standard for guidelines
  3. Engage employees
  4. Consider health and safety
  5. Draft it
  6. Brand it
  7. Establish metrics
  8. Treat your program like a course of study and create a curriculum
  9. Continuous improvement
  10. and leverage your CSR policy to align with like-minded companies and build trust
• Corporate Social Responsibility (CSR)


  Is a commitment to integrate social and environmental concerns into a company's business model.
• CSR


  Incorporates public and environmental interest into corporate decision-making
• Advocates of CSR


  They believe that a corporation should be responsible to shareholders but also to the environment and company stakeholders.
• Formal Corporate Social Responsibility Programs


  It can boost employee morale and lead to greater productivity in the workforce
• Carroll's CSR Pyramid 


  Is a simple framework that helps argue how and why organizations should meet their social responsibilities.
• Concentric circle (CON)


  is a model similar to the pyramid in that it views the economic role of business as its core social responsibility, and similar to the IC model in that it emphasizes the interrelationship among the different corporate social responsibilities.
• CSR


  Is a self-regulating business strategy that helps businesses responsible and being accountable to their stakeholders and to the public.
• Economic


  Make Profit
• Legal


  Obey the law
• Ethical


  Be ethical
• Philanthropic 


  Be a good corporate citizen.
• Ethical Communication


  Is a type of communication that has its foundation in certain ethical principles.
• Ethical Business


  Are careful to minimize the impact of their behavior on the environment.
• Fairness


  Is concerned with actions, processes, and consequences, that are morally right, honorable, and equitable..
• Ethical Responsibilities


  Includes behavior that is not necessarily dictated by the law and may not be the organization's direct economic interest.
• Discretionary Responsibilities


  This is organization voluntary desire to make social contributions that are not mandated by economics, law or ethics.