Social Responsibility
ž  Define
social responsibility
ž  Describe
business
the social responsibilities of
ž  The
duty of a business to do what is best for
society.
ž  Examples?
ž  What
ways can a business fulfill its social
responsibilities?
ž  Example:
¡  Los Angeles
Times
¡  1 million readers
¡  Recycled paper
¡  Soy-Based Ink
¡  p. 60
ž  Customers
= first responsibility of the business
¡  Businesses should offer a good, safe, product or
service at a reasonable price.
¡  Food
and Drug Administration (FDA)
Government regulating agency
¢  Protects consumers from dangerous or falsely
advertised products.
¢
ž  Fair
Competition
¡  Healthy
for the marketplace; however, not all
companies play fairly.
ž  Two
laws that are changing the workplace:
¡  Equal
¢
Pay Act of 1964
men and women must be paid the same wages for the
same work
¡  The American
¢
with Disabilities Act
bans discrimination against people with mental or
physical disability.
ž  Environmental
Protection Agency (EPA)
¡  1970
¡  Enforces
rules that protect the environment and control
pollution
¡  Companies
are using biodegradable materials in their
products
¢
buying recycled paper, and are following pollution standards.
ž  1990s
ž  Unethical
and unlawful accounting errors
ž  Sarbanes-Oxley
¡  mandates
Act
truthful reporting and makes the CEO
more accountable
1.
How is producing a good or service a way of
being socially responsible?
2.
What is the mission of the Food and Drug
Administration?
3.
What is one of the biggest social issues that
businesses face today?
Read the Going Green Article on Google Drive.
Answer the questions below and discuss with a
person near you.
Questions Below:
1. Why do you believe Jill was so successful?
2. It terms of social responsibility; list the ways
Jill made her company social responsible?
3. What else could Jill incorporate into her
company to make it successful?