Ethics And Social Responsibility

Social responsibility refers to the ethical framework that suggests that an organization or individual has an obligation to act for the benefit of society at large. It involves making decisions and taking actions that consider the impact on society, including stakeholders such as customers, employees, communities, and the environment. Therefore, the statement that social responsibility is a business obligation to pursue policies, make decisions, and take actions that benefit society is true.

The statement is true because political deviance refers to unethical behaviors that involve using power and influence within the company for personal gain or to harm others, such as spreading rumors or withholding information. Personal aggression, on the other hand, involves engaging in aggressive or hostile behaviors towards colleagues, such as bullying or harassment. Both types of unethical behavior can have negative consequences for individuals within the company, causing harm to their well-being and potentially affecting their job performance.

Suppliers and public stakeholders are indeed important aspects of a company to stakeholders. Suppliers provide the necessary resources and materials for the company's operations, while public stakeholders, such as customers, communities, and government, have a vested interest in the company's success and impact on society. Both these groups play a crucial role in the company's overall performance and reputation, making them significant to stakeholders.

An accommodative strategy is when a company acknowledges and accepts its social responsibilities and takes action to address them. This may include implementing ethical practices, supporting community initiatives, and improving environmental sustainability. On the other hand, a proactive strategy involves actively seeking out opportunities to contribute to society and going beyond what is expected. This may involve creating innovative solutions to social issues, collaborating with stakeholders, and advocating for positive change. Both strategies demonstrate a company's commitment to social responsibility and can help build a positive reputation and long-term success.

The first step in establishing an ethical climate is for individuals to act ethically themselves. This means that employees and leaders must set a positive example by consistently making ethical decisions and behaving in an ethical manner. By doing so, they create a culture of integrity and trust within the organization, which encourages others to also act ethically. This step is crucial because it lays the foundation for all other ethical practices and initiatives, such as implementing a reporting system and being committed to the company ethics program.

Managers can be tempted to engage in unethical managerial behavior when setting goals. This is because they may feel pressured to set unrealistic or overly ambitious goals in order to impress their superiors or meet performance targets. In doing so, they may resort to unethical practices such as manipulating data, misrepresenting information, or coercing employees to achieve these goals. This behavior can lead to negative consequences such as employee burnout, low morale, and a toxic work environment.

Ethical intensity depends on the proximity of effect. This refers to how closely an action or decision affects individuals or groups. The closer the effect, the higher the ethical intensity. When the consequences of an action are immediate and directly impact people, the ethical intensity is higher compared to situations where the effects are distant or indirect. This factor considers the immediacy and magnitude of the impact on those involved, and helps determine the ethical significance of a particular situation or decision.

The given statement is false. Economic Responsibility refers to a company's responsibility to make a profit and contribute to economic growth. It is not specifically about obeying a society's laws, although that is a general expectation for all businesses. Social responsibility encompasses a broader range of responsibilities, including legal, ethical, and philanthropic responsibilities.