WORKSHEET IN GRADE 11 ORGANIZATION AND MANAGEMENT

Name: ______________________________________ Section: ____________________

------------------------------------------------------------------------------------------------------------------
Quarter : First Quarter
Content Standard : The learners understand the role of business in the environment, and
how the environment affects the firm.
Performance Standard : The learner shall be able to analyze the various environmental
forces affecting the firm and summarize these using PEST and
SWOT
Competency : The learner differentiates the phases of economic development and
its impact to business environment
Duration : Week 4
Topic : THE ETHICAL ENVIRONMENT OF THE FIRM

------------------------------------------------------------------------------------------------------------------
Worksheet Number : 07 Date of Submission:
------------------------------------------------------------------------------------------------------------------
 An ethical issue refers to concern on which an individual must decide based on several
alternatives of what is morally right or wrong. Business ethics are principles that guide
managers whenever they are confronted by ethical issues in business.
 The five perspectives in ethics are universalism, egoism, utilitarianism, relativism, and virtue
ethics. Universalism states that all people should have certain values like honesty, respect, and
cooperation. Egoism focuses on the promotion of the greatest good to oneself. Utilitarianism
focuses on the greatest good for the greatest number of people. Relativism is an ethical
perspective where ethical behavior is based on a person’s own and other relevant people’s
opinions and viewpoints. Virtue ethics believes that what is moral depends on the maturity of a
person with good moral character.
 Corporate integrity refers to the sense of “wholeness” created by the right relationships among
the members of the corporation. It has five dimensions: Cultural, interpersonal, organizational,
social, and natural.
a. Cultural dimensions have the most impact on the internal relationships in the company. On
the cultural level, one of the challenges is to recognize various cultures and differences
among them, which may include conflicts and disagreements.
b. Interpersonal dimension focuses on the relationships among people. On the interpersonal
level, the challenge is to recognize the relationships and to cultivate them according to
interactions established by people with consideration to different identities.
c. Organizational dimension considers the main purposes of the business, particularly the
economic and financial purposes, managerial purpose, and civic purpose. There is a
constant challenge to ensure consistency in achieving the mission of the organization and in
the conduct of its members.
d. Social dimension views the organization as actively engaging with society. The company is
challenged to establish cooperation and mutual relationships with other companies and
agents.
e. Natural dimension investigates how the organization relates to nature. The natural
dimension calls for corporations to exercise concern for the natural environment.
  Corporate social responsibility refers to the engagement of a business firm in activities that
pursue goals that are beneficial to society. Good corporate social responsibility leads to a good
corporate image.

 Social obligation and social responsiveness pertain to actions that are motivated by non-
mandatory reasons. Social obligation refers to complying with legal and ethical standards to
uphold social welfare. Social responsiveness goes beyond prescribed standards and implements
actions that aim to make an impact on society. An organization, in its conduct of socially
responsible activities, should go beyond the standards imposed by law and cater to the greater
interests of society.
Elements of Social responsibility:
a. Economic responsibility, the company should produce goods and services with reasonable
prices.
b. Legal responsibility, the organization should comply with local and international laws that
apply to its business operations.
c. Ethical responsibilities include establishing norms, standards, mores, and practices that
reflect fairness to the consumers, employees, shareholders, and the community.
d. Philanthropic responsibilities include the initiation of voluntary activities such as
establishing corporate programs, donating to charitable institutions, and other similar
charitable causes.

LEARNING TASKS

Business Vocabulary
Activity 7.1 Fill in each blank with the correct answer.

____________________1. It refers to the sense of “wholeness” created by the right relationships

among the members of the corporation.
____________________2. It is an ethical perspective which tells that all people should have certain
values like honesty, respect, and cooperation.
____________________3. This is the dimension of corporate integrity that has the most impact on
the internal relationships within the company.
____________________4. It means that the organization meets its economic and legal
responsibilities.
____________________5. It means that the company has not only met its economic and legal
obligations but also certain responsibilities to society which extend beyond these obligations.
____________________6. It is an ethical perspective which states that ethical behavior is based on
the person’s own views and other relevant people’s opinions and viewpoints.
____________________7. This is an aspect of corporate social responsibility which involves
voluntary activities that include establishing corporate programs, giving to charitable institutions, and
other similar charitable causes.
____________________8. It is a concern on which an individual must decide based on several
alternatives of what is morally right or wrong.
____________________9. It is an ethical perspective which states that the ultimate concern of
decision-makers is to benefit more people.
____________________10. It is the ethical dimension wherein a company should establish
cooperation and mutual relationships with other companies and agents.