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Module 10 Social - Responsibility

This document is a module on social responsibility of businessmen. It discusses the concepts of social responsibility and business ethics. For social responsibility, it outlines major arguments both for and against the idea that businesses have responsibilities to society beyond legal and economic obligations. It also presents a sample code of ethics for businesses. The module is aimed at BSA and BSBA students and allocates 3 hours for learning outcomes that define social responsibility, examine arguments for and against it, and introduce the concept of business ethics and a sample code of ethics.

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49 views4 pages

Module 10 Social - Responsibility

This document is a module on social responsibility of businessmen. It discusses the concepts of social responsibility and business ethics. For social responsibility, it outlines major arguments both for and against the idea that businesses have responsibilities to society beyond legal and economic obligations. It also presents a sample code of ethics for businesses. The module is aimed at BSA and BSBA students and allocates 3 hours for learning outcomes that define social responsibility, examine arguments for and against it, and introduce the concept of business ethics and a sample code of ethics.

Uploaded by

Sassy Bitch
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MODULE 10 – SOCIAL RESPONSIBILITY OF BUSINESSMEN 119

MODULE 10 – SOCIAL RESPONSIBILITY OF BUSINESSMEN

INTRODUCTION

Social responsibility is the moral and ethical content of managerial and corporate
decisions over and above the pragmatic requirements imposed by legal principle and
the market economy. It is concerned with low individuals and organizations deal with
current and social issues.
The general public has a rather broad and all-inclusive definition of the social
responsibility of business organizations.

LEARNING OUTCOMES:

After reading this module, the learner should be able to:


At the end of the chapter, the students is expected to understand the following:
1. Definition of Social Responsibility
2. Major Arguments for and Against Social Responsibility
3. Business Ethics
4. A code of Ethics for Business

TIME:

The time allotted for this module is 3 hours.

LEARNER DESCRIPTION

The participants in this module are BSA and BSBA students

FBM1- Fundamentals of Business Management


MODULE 10 – SOCIAL RESPONSIBILITY OF BUSINESSMEN 120

MODULE CONTENTS:

LESSON 10.1: Major Arguments for Social Responsibility

1. It is in the best interest of the business to promote and improve the communities
where it does business
2. Social actions can be profitable
3. It is the ethical thing to do
4. It improves the public image of the firm
5. It increases the viability of the business system.
6. It is necessary to avoid government regulation
7. Socio-cultural norms require it
8. It is in the stockholder’s best interest
9. Laws cannot be passed for all circumstances
10. Society should give business a chance to solve social problems that government
failed to solve
11. Business is considered, by some groups, to be the institution with the financial
and human resources to solve social problems
12. Prevention of problems is better than cure

Major Arguments Against Social Responsibility


1. It might be illegal
2. Business plus government equals monolith
3. Social actions cannot be measured
4. It violates profit maximization
5. Cost of social responsibility is too great and would increase prices too much
6. Business lacks social skills to solve societal problems
7. It would dilute business’s primary purpose
8. It would weaken the government’s balance of payments, because price of goods
will have to go up to pay for social programs.
9. Business already has too much power. Such involvement would make business
too
10. Business lacks accountability to the public. Thus, the public would have no
control over its social involvement
11. Such business involvement lacks broad and public support

FBM1- Fundamentals of Business Management


MODULE 10 – SOCIAL RESPONSIBILITY OF BUSINESSMEN 121

Activity 1.1: To be uploaded in LMS

References:
Chapter 10- Social Responsibility of Businessmen- Management Filipinos Principles
and Application by Conrado E. Inigo, JR., Ph.D., DBE

LESSON 10. 2: BUSINESS ETHICS

Social responsibility deals with how individuals and organizations handle current social
issues. Business ethics are concerned with the day-to-day behavior standards of
individuals and organizations.

A CODE OF ETHICS FOR BUSINESS


Preamble. This code of ethics has been formulated impelled by the belief that man has
a dignity that must be respected, and that all the resources of the earth have been
created for his growth and development.
As here presented this code is considered a major step in the on going
and changing process of understanding the growing role of business activity in the
development of man, as such, is open to further improvement.

THE CONCEPTS

 The owners, management, the workforce, the suppliers, and the sub-contractors,
the customers, and government contribute to the performance of the business
enterprise
 The resources employed by a business enterprise are financial, technological
and human. The human resources have a unique quality and should be
employed in manner consistent with personal dignity.
 Business enterprise has a public responsibility to use all its resources efficiently
 Competition and inventiveness are essential for the maintenance and continuing
improvement of the quality of goods and services for growth and for technological
progress.
 In business, as in any other institutions of society, any right or authority enjoyed
by or entrusted to business presupposes, and is justified by, corresponding
duties, responsibilities, and performance.

FBM1- Fundamentals of Business Management


MODULE 10 – SOCIAL RESPONSIBILITY OF BUSINESSMEN 122

Activity 10.2.1: To be uploaded in Ubian LMS


Some principles for the conduct of business
 Towards the employees
 Towards the Customers
 Towards the suppliers
 Towards the owners and other providers of capital
 Towards the Local Government and National
 Towards society in General

Activity 10.2.1: To be uploaded in Ubian LMS

References:
Chapter 10- Social Responsibility of Businessmen- Management Filipinos Principles
and Application by Conrado E. Inigo, JR., Ph.D., DBE

ONLINE READING MATERIALS:

 Read Chapter X ppt uploaded in UBian LMS.

ONLINE VIDEO LINKS AND MATERIALS:

 Watch the online video lecture of the course instructor uploaded at NEO LMS and to the
class shared Google drive (if applicable).
 Live online class in zoom or googlemeet

TEST YOUR KNOWLEDGE:

MODULE REFERENCES:
Management Filipinos Principles and Application by Conrado E. Inigo, JR., Ph.D., DBE

FBM1- Fundamentals of Business Management

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