Chapter Outline
3.1 Business Ethics
3.2 Social Responsibility
Introduction
Learning Outcome
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Analyze the role of ethics and social responsibility in business.
3.1
Business Ethics
Businesses must establish a clear set of values that promote ethical practices and social responsibility. In
today’s business climate, companies are increasingly under scrutiny by private citizens. A company that builds
its foundation on sound principles will have a better chance of staying competitive in a volatile market.
Figure 3.1 (Credit: rawpixel/ pixabay/ Attribution 2.0 Generic (CC BY 2.0))
3
Business Ethics and Social Responsibility