Objective 2.05Objective 2.05

Understand responsible Understand responsible actions for conducting actions for conducting

business.business.

1

Common socially Common socially responsible practices of responsible practices of

businessesbusinesses

Essential Question:Essential Question:

How do businesses determine if its How do businesses determine if its practices are socially responsible?practices are socially responsible?

2

Common Socially Responsible Common Socially Responsible Practices of BusinessesPractices of Businesses

Socially responsible practices of Socially responsible practices of businesses include practices that businesses include practices that positively impact communities.positively impact communities.

Common social responsibilities addressed:Common social responsibilities addressed:− Environmental protectionEnvironmental protection− Workplace diversityWorkplace diversity− Job safetyJob safety− Employee wellnessEmployee wellness

3

Common Socially Responsible Common Socially Responsible Practices of Businesses Practices of Businesses continuedcontinued

Companies can contribute to Companies can contribute to environmental protectionenvironmental protection by by Implementing actions to conserve natural Implementing actions to conserve natural

resourcesresources Minimizing pollution of air and water resourcesMinimizing pollution of air and water resources

What is an example of an organization or What is an example of an organization or action that action that protects the environmentprotects the environment?? Environmental Protection Agency enforces and Environmental Protection Agency enforces and

provides standards for air and water quality.provides standards for air and water quality. Computer Manufacturing Company refurbishes Computer Manufacturing Company refurbishes

computerscomputers4

Common Socially Responsible Common Socially Responsible Practices of Businesses Practices of Businesses continuedcontinued

Workplace diversityWorkplace diversity exists in a exists in a company when the employees company when the employees represent a variety of groups including represent a variety of groups including women, ethnic groups, physically women, ethnic groups, physically challenged, and older workers.challenged, and older workers.

5

What is an example of an organization What is an example of an organization or action that enforces workplace or action that enforces workplace

diversity?diversity? The American with Disabilities Act (ADA) The American with Disabilities Act (ADA)

enforces regulations to accommodate people enforces regulations to accommodate people with disabilities.with disabilities.

The Age Discrimination in Employment Act The Age Discrimination in Employment Act protects employees of the age 40 and over protects employees of the age 40 and over from employment decisions based on their from employment decisions based on their age.age.

The Equal Employment Opportunity The Equal Employment Opportunity Commission (EECOC) protects applicant and Commission (EECOC) protects applicant and employees against workplace discrimination. employees against workplace discrimination.

Companies providing workforce diversity Companies providing workforce diversity training to employees.training to employees.

Common Social-responsible Common Social-responsible Practices of Business continuedPractices of Business continued

Job SafetyJob Safety is ensuring work is ensuring work environments are risk-free of environments are risk-free of accidents.accidents.

What is an example of an What is an example of an organization or action that enforces organization or action that enforces job safety?job safety?

7

What is an example of an organization or What is an example of an organization or action that enforces job safety?action that enforces job safety?

The Occupational Safety and Health The Occupational Safety and Health Administration (OSHA) gives surety to safe Administration (OSHA) gives surety to safe and healthful working conditions for men and and healthful working conditions for men and women.women.

A company’s schedule cleaning of bathrooms A company’s schedule cleaning of bathrooms used by employees three times a day.used by employees three times a day.

Employees who work in a plant that Employees who work in a plant that manufactures chemical are required to wear manufactures chemical are required to wear proper clothing to protect from skin irritations.proper clothing to protect from skin irritations.

Common Socially Responsible Common Socially Responsible Practices of Businesses Practices of Businesses continuedcontinued Employee Wellness programs are Employee Wellness programs are

offered by employers to maintain a offered by employers to maintain a healthy workforce.healthy workforce.

What are some examples of What are some examples of employee wellness activities? employee wellness activities?

9

What are some examples of employee What are some examples of employee wellness activities? wellness activities?

Businesses today assist employees with Businesses today assist employees with programs such as stop-smoking programs such as stop-smoking seminars, counseling for employees with seminars, counseling for employees with drug problems, and weight-loss drug problems, and weight-loss counseling.counseling.

Evaluation of Social Evaluation of Social ResponsibilityResponsibility BenefitsBenefits

Expanded justice for Expanded justice for groups of a society.groups of a society.

Enhanced company image.Enhanced company image. Reduced need for Reduced need for

government actions.government actions. Improved quality of life in Improved quality of life in

a community and around a community and around the world.the world.

Increase awareness of Increase awareness of social issues among social issues among workers, consumers, and workers, consumers, and others.others.

11

Evaluation of Social Evaluation of Social ResponsibilityResponsibility

The costs of The costs of providingproviding

social programs social programs must must

be realistic to allow be realistic to allow a a

business to earn a business to earn a

profit. profit.

12

EthicsEthics

What is the purpose of business ethics?

• Business ethics address the conduct of business and employees.

13

EthicsEthics

Guidelines for responsible business Guidelines for responsible business conduct conduct

addresses the following questions:addresses the following questions: Is the action illegal?Is the action illegal? Does the action violate professional or Does the action violate professional or

company standards?company standards? Who is affected by the action and how?Who is affected by the action and how?

14

Affording Social Affording Social ResponsibilityResponsibility

1.1. What percent a number is of another number?What percent a number is of another number? Divide the part by the whole number, and then show Divide the part by the whole number, and then show

the result as a percent.the result as a percent. Example: $13,000 is what percent of $24,000? 54%Example: $13,000 is what percent of $24,000? 54% $13,000/$24,000 = 54%$13,000/$24,000 = 54%

2.2. What is the percent of a number?What is the percent of a number? Convert the percent to a fraction or decimal, and then Convert the percent to a fraction or decimal, and then

multiply it by the number. multiply it by the number. Example: What is 15% of $13,000? $1,950 Example: What is 15% of $13,000? $1,950 $13,000 * .15 = $1,950$13,000 * .15 = $1,950 Example: Proposed 3% increase Example: Proposed 3% increase $13,000 * 1.03=$13,390$13,000 * 1.03=$13,390