Transcript Ch 4. PowerPoint

Social Responsibility of
Business & Government
Social Responsibility &
Business Ethics
• Describe social responsibility issues.
• Identify benefits and costs of social
responsibility.
• Explain the purpose of a code of ethics.
• The duty of a business to contribute to
the well-being of a community.
•Includes:
• Environmental protection
• Workplace diversity
• Job safety
• Employee wellness
• Conservation – saving scarce natural
resources.
•Lumber companies – Reforestation
• Non-Renewable Resource – a natural
resource that cannon be replaced when
used up.
•Oil, gas, minerals, helium
• The workforce of a business needs to
reflect the groups in a community.
•Removal of employment barriers for:
• Women
• Minorities
• Disabled
• Older workers
• Workplace needs to be a safe place
•Also includes safety training
• Safety standards are regulated by
OSHA.
•Occupational Safety and Health
Administration
• A healthy workforce is a happy
workforce.
•Stop smoking seminars
•Weight Loss programs
•Counseling for employees with Drug Issues
• What are the four areas of social
responsibility that may require the
attention of business?
•Environmental protection
•Workplace diversity
•Job safety
•Employee wellness
• Responsible actions can cause
controversy
• Actions have both Benefits & Costs
• Expanded justice for groups of society
• Enhanced company image
• Reduced need for government actions
• Improved quality of life in a community
and around the world
• Increased awareness of social issues
among workers, consumers, and others
• New non-polluting or safer equipment
• Building repairs to remove risks
• Wellness and rehabilitation programs
• Social projects sponsored by a
company
• What are the main benefits of social
responsibility?
•Expanded justice for groups of a society
•Enhanced company image
•Reduced need for government actions
•Improved quality of life in a community
and around the world
•Increased awareness of social issues
among workers, consumers, and others
• Ethics
•principles of morality or rules of conduct
• Business Ethics
•How a business or their employees should
behave
• Ethical Conduct Guidelines
•Is the action legal?
•Does the action violate professional or
company standards?
•Who is affected by the action, and how?
• Code of Ethics - purpose
•To guide actions & decisions of employees
• 7 Guidelines for Writing a Code of Ethics
1. Determine the purpose of the code.
2. Tailor the code to the needs and values of
the organization.
3. Consider involving employees from all
levels of the company in writing the code.
• 7 Guidelines for Writing a Code of Ethics
4. Determine the rules or principles that
all members of the organization will be
expected to adhere to.
5. Include information about how the code
will be enforced.
• 7 Guidelines for Writing a Code of Ethics
6. Determine how the code will be
implemented and where it will be
published or posted.
7. Determine how and when the code will
be reviewed and revised.
• What is the purpose of a code of
ethics?
•To guide actions and decisions of
employees or members of an organization
• Describe social responsibility issues.
• Identify benefits and costs of social
responsibility.
• Explain the purpose of a code of ethics.
Journal:
None
 Ch. 4 Vocab & Preview Sheet
Journal:
What do you know about
copyright, patent, and trademarks?
 Clock Partners
 Ch. 4.2 Notes
 Intellectual Property Rights Word Map
Government Protection
Activities
• Identify the roles and levels of
government.
• Explain the role of government
protection and the legal system in
business.
• Describe types of intellectual property.
• Government plays a role in all
economic systems
• Providing services for members of
society
• Protecting citizens, consumers,
businesses, and workers
• Regulating utilities and promoting
competition
• Providing information and support to
businesses
• Buying goods and services
• Hiring public employees
• Raising revenue
• Federal
• State
• Local
• Oversees the activities that involve two
or more states or other countries.
• Regulates foreign and interstate
commerce
• Regulate business actions within their
own borders
• Assign some of their legislative power
to local governments
• Include county boards and city or town
councils
• Provide services needed for an orderly
society, such as police and fire
protection
• What are the 3 levels of Government?
• Of the 3 levels, in your opinion, which
has the most control over your daily
life? Explain your answer.
• Worker protection
• Contract enforcement
• Valid, enforceable contracts must
contain:
•Agreement: An offer must be made, and
an acceptance must occur
•Competent Parties: Those entering into the
contract must be of legal age and be
mentally competent.
• Valid, enforceable contracts must
contain:
•Consideration: Something of measureable
value must be exchanged by the parties
involved.
• Valid, enforceable contracts must
contain:
•Legality: The contract must be for a
product or service that may be legally
sold
• No fraud or deception exists in the
agreement.
• What are the main elements of a
contract?
• Why is it important for all of these
elements to exist in a contract?
• Patents
• Copyrights
• Trademarks
• Creation of new products by individual
or business.
•Inventor has sole right to make, use, or sell
the item for 20 years
• Creative work of authors, composers, &
artists
•Protection lasts the life of the creator
+ 70 years after death
•Symbol is ©
• A word, letter, or symbol linked with a
specific company or product.
•Company names
•Team emblems
• What are the 3 types of intellectual
property?
• Why do we feel like it is important to
protect your work from others?
• What is the problem with downloading
music illegally?
• Identify the roles and levels of
government.
• Explain the role of government
protection and the legal system in
business.
• Describe types of intellectual property.
Journal:
What do you know about
copyright, patent, and trademarks?
 Clock Partners
 Ch. 4.2 Notes
 Intellectual Property Rights Word Map
Journal:
What are some ways that you
think the government raises money to
provide services?
 Intellectual Property Rights Word Map
 Ch. 4.3 Notes
 Ch. 4 Review Questions
Government Regulation &
Assistance
• Explain actions by government to
regulate business.
• Discuss efforts of government to assist
businesses.
• Identify methods used by government
to raise money.
• Regulation of utilities
• Prevent unfair business practices
• Public Utilities – An organization that
supplies a service or product vital to all
people.
•Telephone, Water, Electricity
• One company chosen for a community
•Less expensive & more efficient
• Privately owned,
•Government regulates prices, etc.
• Promotes fair competition
• Monopoly – A business has control of a
market for a product or service
•All Supermarkets
• Antitrust Laws – Prevent unfair business
practices
•False advertising, deceptive pricing,
misleading labels, etc.
• Why do you think that the government
regulates utilities?
• The assurance of fair prices
• The conservation of resources
• To avoid overcrowding of utility poles and
other facilities, such as power plants.
• Government buys goods and services
•File cabinets, buildings, jet planes, etc.
•Businesses depend on the government for
survival.
• Government employs workers
•Single largest employer in U.S.
•16% of workers are public employees
• How does government assist business?
•Providing demographic data
•Buying goods and services
•Employing workers who then have the
means to buy goods and services
• Taxes
• Borrowing
• Taxes pay for government services
• Taxes paid on:
•Income – largest source of tax revenue
•Property – based on the value of
land/buildings
• Goes to schools & local gov’t services
•Sale of goods/services
• Covers costs of providing extra services
• Money borrowed by selling government
bonds
•Businesses, banks, individuals purchase
• What is the difference between tax
revenue and borrowing by government?
•Tax revenue is money the government
collects to cover the costs of services.
•This is money that the government is not
required to pay back.
•The government is required to pay back
money borrowed.
Journal:
What are some ways that you
think the government raises money to
provide services?
 Intellectual Property Rights Word Map
 Ch. 4.3 Notes
 Ch. 4 Review Questions
• Answer ?’s 1-3 on pages 80, 85, & 91
• Write out question and correct answer.
Journal:
What 4 elements have to be
present to create a valid contract.
Explain each element.
 Finish Ch. 4 Review Questions
 Contract Partner Activity
 Ethics Partner Activity