SOCIAL RESPONSIBILITY OF

BUSINESS MANAGEMENT ETHICS

Presentation prepared By
Name: Vinodh
Class: Munjals
Reg NO: 11MBAMU47
SVCCAM

Introduction to Management
& society
Social development is the main aim of
any form of organization all over the
world.
Therefore, business has certain
responsibility towards the society.
Management are expected to follow the
value of the society they work in.
In India, everyone is competing for
products and profits, but many org
doesnt fulfilling their responsibilities.

Meaning & Definition 0f Management

& Social responsibility

Management
It means art or skills of directing
human activities and physical resources in
the attainment of predetermined goals.
According to Henry Fayol, To manage is
to forecast and plan, to organize, to
command, to coordinate, and control.
According to Louis Allen, Management
is what managers does in the
organisations.

Social Responsibility
These are basic obligations of business
organisations. These are described in
terms of obligations of business towards
the various interest groups.
According to K.R. Andrews,
conceptually social responsibilities may
be taken to mean intelligent and objective
concern for the welfare of the society.

Areas of social responsibilities

Ecology & environmental Quality

To maintain a pollution free environment.
To ensure spread of industries.
To ensure proper land use.

consumption
To provide true & fair business dealings.
To provide product warranty & services.
Adequate information about the product.

community needs.
Provide expert service for local
problems.
Ensure healthcare facilitates &
educations.

Govt and labour relation

Encourage restriction on lobbying.
employee education & training.
provide flexible working time.

Shareholders relations
take care of shareholders interest.

Obligation towards different group

Employee
Communit
y

Owners
BUSINESS

Suppliers
Governmen
t

Customers

Introduction to managerial Business

Ethics
Meaning & Definition
The word ethics is derived from the
Greek word Ethos, which refers to
character, beliefs, community or people.
at present it represents in two ways:
a) As a field of study.
b) As a behavioural pattern.
According to Webster Ethics is the
discipline dealing with that which is good
and bad and with moral and obligation.

Examples of Managerial Ethics

a) Give fair & equitable treatment to the
employee.
b) To charge fair weights for measurement
of commodities.
c) To charge fair prices from the customers.
d) To pay tax to government & other bodies
commonly.
e) To earn reasonable profits.
f) To become a good corporate citizen.

Nature of managerial Ethics

a) Business ethics are important in all types of
business-large or small, manufacturing or
services.
b) Its above law
c) Its dynamic term and may change over time
d) Systematic handling of values in business &
industry
e) Specialised study of moral right or wrong.
f) It concentrated on moral standard as they
apply to business policies, institutions and
behaviour.

Difference between Ethics & Social responsibilities.

a) Ethics provide guidelines for human behaviour
in every field, whether organisational or nonorganisational. BUT
Social responsibilities works in organisational
context. Thus, implication of ethics are much
wider than those of social responsibility.
b) Ethics is concerned with micro aspect that is,
relating to daily operating decisions with
limited social impact.
BUT
Social responsibility is concerned with macro
aspect relating to decisions with broad
implications for a large segment of the society.

Tools of Ethics
a)
b)
c)
d)
e)

Values.
Rights & Duties.
Moral rules.
Human Relationships.
Common Morality:
1) promise keeping
2) normal evidence
3) mutual aid
4) respect for persons & property

Ethical Issues In Management

a)
b)
c)
d)
e)
f)

Self dealing
Information manipulation
Opportunistic exploitation
Substandard working conditions
Environmental degradation
Corruption

THANKS