NAME FREETSIE KATE L.

ZOLETA SUBJECT PRINCIPLES OF MANAGEMENT

COURSE&YEAR/SECTION SUWBA2M1-2019 PROFESSOR MARTIN BONIFACIO
TIME 3:50PM-5:50PM DATE APRIL 5, 2020

REPORT TITLE: SOCIAL RESPONSIBILITIES AND ETHICS IN MANAGEMENT

SUMMARY OF MARGINAL NOTES:

1. Assessing and Cultivating Ethical Culture

2. Managing Ethics in the Workplace
3. Social Responsibility
4. Boards and Corporate Social Responsibility
5. Making Ethical Decisions

REALIZATION:

1. Assessing and Cultivating Ethical Culture

Culture is comprised of the values, norms, folkways and behaviors of an organization.

Ethics is about moral values, or values regarding right and wrong. Therefore, cultural
assessments can be extremely valuable when assessing the moral values in an organization.

Cultivating a sense of ethical responsibility requires leadership to model the

practices they want their employees to follow.

Employers, managers and employees who cultivate ethical workplace cultures ensure
the lines between right and wrong never wrong never cross or blur. For example, a bank
owner might establish policies that require managers to recount employee’s cash drawers
and vault deposits. Managers can assure employees that its a matter of principle, not an
issue of trust, to make sure all funds are properly accounted for.

Nurturing an ethically responsible and morally honorable workplace requires steady,

persistent, wholesome decisions and practices.

Cultivating an ethical workplace culture means that inappropriate behavior or

misconduct will not be tolerated. For example, an employer might establish dress code
requirements, smoking policies, break room rules, parking restrictions and tardy or absence
policies. Employees who break those rules mig
ht receive a pink card, reprimand from the boss or a negative mark in their personnel file.
The goal is to cultivate an ethical workplace environment but policy enforcement is often
necessary to ensure compliance, especially for workers who press the limits.

2. Managing Ethics in the Workplace

Promoting ethics in the workplace creates a positive culture for managers and
employees, as well as a successful business.

Businesses with strong workplace ethics add value to the organization and support an
environment where employees feel safe and valued. Leaders can help create an ethical
workplace culture that benefits shareholders, the organization and people in the company.
 The study of business ethics refers to the ethical dimensions of productive
organizations and commercial activities, and it applies to the production, distribution,
marketing, sale and consumption of goods and services. Misconduct by employees and
organizations can include anything from conflicts of interest to violations of company
internet policies to falsifying time reports to bribery and illegal political gifts.

The code of ethics should state the organization’s primary values and the ethical rules
that employees are expected to follow. Managers should remember that a code of ethics is
worthless if leaders fall to model ethical behaviors.

3. Social Responsibility

The social responsibility of business refers to such decisions and activities of a business
firm which provide for the welfare of the society as a whole along with the earning of profit
for the firm. The business firm functions and acts in such a way that it will accomplish social
gains or social output along with the traditional economic gain or economic output in which
the business firm is interested.

Social responsibility refers to the objective concern of business firm for the welfare of
the society and it involves following by the management of such policies, making of such
decisions or following of such lines of action which are desirable in terms of objectives and
values of our society, further decisions are taken by the business for reasons at least partially
beyond and the firm’s direct economic or technical interest.

4. Boards and Corporate Social Responsibility

Corporate stakeholders, including shareholders, employees, communities and public

officials, expect companies and public officials, expect companies to manage, mitigate or
prevent the adverse social and environmental impacts that may be associated with a
company’s operations. CSR programs help companies ensure that they are responsive to
these concerns. An effective CSR program is implemented through corporate-level policies
and standards and supported by oversight mechanisms, training programs and
accountability measures.

5. Making Ethical Decisions

Ethical decision-making refers to the process of evaluating and choosing among

alternatives in a manner consistent with ethical principles. In making ethical decisions, it is
necessary to perceive and eliminate unethical options and select the best ethical alternative.

The process of making ethical decisions requires commitment, consciousness and

competency.

Good decisions are both ethical and effective.

ACTION PLANS:

ASSESSING MANAGING SOCIAL BOARDS MAKING

AND ETHICS IN RESPONSIBILIT AND ETHICAL
CULTIVATING THE Y CORPORATE DECISIONS
 ETHICAL WORKPLACE SOCIAL
CULTURE RESPONSIBILITY
CURRENT
TO WORK
ON

SYNTHESIS:

Social responsibility is an ethical theory, in which individuals are accountable for

fulfilling their civic duty; the actions of an individual must benefit the whole of society. In this
way, there must be a balance between economic growth and the welfare of society and the
environment. If this equilibrium is maintained, then social responsibility is accomplished.

The theory of social responsibility is built on a system of ethics, in which decisions and
actions must be ethically validated before proceeding. If the action or decision causes harm
to society or the environment then it would be considered to be socially irresponsible.