HOLY ROSARY ACADEMY OF LAS PIÑAS CITY

HELE/TLE/ TECHVOC DEPARTMENT

SY 2023-2024

TEACHER: MS. VIRGIE V. REYES

SUBJECT/LEVEL: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
(GRADE 12-2ND SEM)

Lesson 2: Core Principles in Business Operations

Lesson Description

1. Fairness

2. Accountability

3. Transparency in business operation

4. Stewardship (respect for others’ property)

5. Samples of Core Principles in business operations of companies

Course Objectives

At the end of the lesson, students is expected to:

1) Explain the core principles of fairness, accountability and transparency in its relation in
the socioeconomic development of a country
 2) Give examples of how fairness, accountability and transparency is practiced in business
and non-profit organizations

3) Explain "Ethics" and its application in business

Content

Core Principles in Business Operations -

Business leadership affects the moral capability and performance of organizations.
Business leaders influence the scope and character of formal ethics programs and the integration
of ethics into everyday organizational life.

Ethical business leadership creates an environment where ethical behaviour is encouraged -----
good people are able to do good and bad people are prevented from doing bad.
Accountability – what it is :
1
FAIRNESS - It is the quality of making judgments that are free from discrimination.
 Comes from the old English faeger , meaning pleasing, attractive"

In the context of a business organization – fairness involves balancing the interests involved in
all decision-making including any decisions related to hiring, firing (including the investigatory
process) and the compensation and rewards system.

ACCOUNTABILITY
 To be accountable is to be liable to explain or justify one’s action and decisions
 Accountability is the process of explanation and justification
 Accountability implies responsibility: it is reasonable only to hold people to
account for those things for which they are responsible
 Accountability - is the ability to account for your actions and performance to
your stakeholders.

•Accountability is also a management process that ensures employees answer to their superior
for their actions and that supervisors behave responsibly as well.
•Accountability addresses both the organization ‘s expectation of the employee and the
employee’s expectation of the organization. It is also being responsible for one’s own work and
answering for the repercussions of one’s own actions.
TRANSPARENCY

 Is about information.
 It is about the ability of the receiver to have full access to the information he wants, not
just the information the sender is willing to provide. Transparency embodies honesty
and open communication because to be transparent someone must be willing to share
information when it is uncomfortable to do so.
 Transparency is an individual being honest with himself about the actions he is taking.

 Transparency is also the organization being upfront and visible about the actions it takes,
and whether those actions are consistent with its values.
STEWARDSHIP
 It refers to the responsibility that companies have to understand and manage their
impacts on the environment in any number of ways. Practicing stewardship can help a
business find sustainable practices, improve its reputation among consumers and even
save money.

SAMPLES OF CORE PRINCIPLES IN BUSINESS OPERATIONS OF COMPANIES

Activities (for pure online only)
1.What is stewardship? How can you be a good steward of your home, your school, your
workplace and the environment?
2. Define the terms fairness, justice, accountability and transparency in your own words and use
an example to further explain your answer

References:
 Baquillas, Jonalyn “Business Ethics and Social Responsibility”, Diwa Learning
Systems, Inc. 2017

 Racelis, Aliza “Business Ethics and Social Responsibility”, Rex Book Store, 2017

 Cortez, Franz Giuseppe, “ Business Ethics and Social Responsbility”, Vibal Group
Inc.2016