Scribd Logo
Upload

Welcome to Scribd!

  • 42 views

    At The End of The Lesson, The Learners Will Be Able To

    Uploaded by

    Aries Venlym Tanola
    This document outlines core principles in business operations including fairness, accountability, transparency, and stewardship. It defines each principle and provides examples of how they apply. The principles of fairness include justice, distributive justice, retributive justice, and compensatory justice. Accountability refers to being responsible for one's actions and disclosing results transparently. Transparency involves a lack of hidden agendas and full information sharing. Stewardship originally referred to a household servant's duties but now denotes managing property for future generations. The document provides self-learning activities and assessments for students to apply the principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    At The End of The Lesson, The Learners Will Be Able To

    Uploaded by

    Aries Venlym Tanola
    42 views3 pages
    This document outlines core principles in business operations including fairness, accountability, transparency, and stewardship. It defines each principle and provides examples of how they apply. The principles of fairness include justice, distributive justice, retributive justice, and compensatory justice. Accountability refers to being responsible for one's actions and disclosing results transparently. Transparency involves a lack of hidden agendas and full information sharing. Stewardship originally referred to a household servant's duties but now denotes managing property for future generations. The document provides self-learning activities and assessments for students to apply the principles.

    Original Title

    SLG-2-BESR.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document outlines core principles in business operations including fairness, accountability, transparency, and stewardship. It defines each principle and provides examples of how they apply. The principles of fairness include justice, distributive justice, retributive justice, and compensatory justice. Accountability refers to being responsible for one's actions and disclosing results transparently. Transparency involves a lack of hidden agendas and full information sharing. Stewardship originally referred to a household servant's duties but now denotes managing property for future generations. The document provides self-learning activities and assessments for students to apply the principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views3 pages

    At The End of The Lesson, The Learners Will Be Able To

    Uploaded by

    Aries Venlym Tanola
    This document outlines core principles in business operations including fairness, accountability, transparency, and stewardship. It defines each principle and provides examples of how they apply. The principles of fairness include justice, distributive justice, retributive justice, and compensatory justice. Accountability refers to being responsible for one's actions and disclosing results transparently. Transparency involves a lack of hidden agendas and full information sharing. Stewardship originally referred to a household servant's duties but now denotes managing property for future generations. The document provides self-learning activities and assessments for students to apply the principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    SLG No.

    2: Core Principles in Business Operations


    Subject Code/Number: ABM 06
    Subject Description: This is an introductory course in accounting, business, and management data
    analysis that will develop students’ appreciation of accounting as a language of business and an
    understanding of basic accounting concepts and principles that will help them analyze business
    transactions
    Time Frame: 1 Week

    I. Introduction
    1. Introduce the learning objectives.
    2. Review about the forms of business organizations and purposes of establishing business enterprises.

    A. Learning Competency
    1. Illustrate how fairness, accountability, transparency and stewardship is observed in business and
    nonprofit organizations.

    B. Learning Outcomes
    At the end of the lesson, the learners will be able to:
    1. explain the core principles of fairness, accountability and transparency in the socioeconomic
    development of a country

    II. Learning Content

    CORE PRINCIPLES IN BUSINESS OPERATIONS


    1. FAIRNESS – refers to the level of even-handedness in dispensing justice whereby claims are
    recognized in the order of their legal contractual priority. JUSTICE means giving each person what he or
    she deserves or, in more traditional terms, giving each person his or her due. Justice and fairness are
    closely related terms that are often today used interchangeably. Justice usually has been used regarding
    a standard of rightness, fairness often has been used with regard to an ability to judge without reference
    to one’s feelings or interests; fairness has also been used to refer to the ability to make judgments that
    are not overly general but that are concrete and specific to a particular case.

    a. Principles of Justice
    “Individuals should be treated the same, unless they differ in ways that are relevant to the situation in
    which they are involved.”
    b. Different Kinds of Justice
     Distributive Justice – refers to the extent to which society’s institution ensure that benefits and
    burdens are distributed among society’s members in ways that are fair and just.
     Retributive or Corrective Justice – refers to the extent to which punishments are fair and just.
     Compensatory Justice – refers to the extent to which people are fairly compensated for their
    injuries by those who have injured them; just compensation is proportional to the loss inflicted
    on a person.

    2. ACCOUNTABILITY – is the obligation of an individual or organization to account for its activities,


    accept responsibility for them, and to disclose the results in a transparent manner.
     Corporate Accountability – refers to the act of being accountable to the stakeholders of an
    organization, which may include shareholders, employees, suppliers, customers, the local
    community, and even the particular country that the firm operates in.
    Accountability is often used synonymously with responsibility, blameworthiness, and liability, As an
    aspect of governance, accountability has been central to discussions related to problems in the
    public, non-profit, and corporate sectors.

    3. TRANSPARENCY – refers to the lack of hidden agendas and conditions, accompanied by the
    availability of full information required for collaboration, cooperation, collective decision making.
    Transparency is the essential condition for a free and open exchange whereby the rules and reasons
    behind regulatory measures are fair and clear to all participants.
     Corporate transparency – describes the extent to which a corporation’s actions are observable
    by outsiders. This is consequence or regulation, local norms, and the set of information, privacy,
    and business policies concerning corporate decision-making and operations openness to
    employees, stakeholders, shareholders, and the general public.

    Transparency, in a business or governance context, is honesty and openness. Transparency and


    accountability are generally considered the two (2) main pillars of good corporate governance.

    4. STEWARDSHIP – was originally made up of the tasks of a domestic steward, from stig (house,hall) and
    weard, (ward, guard, ,guardian, keeper). Stewardship, in the beginning, referred to the household
    servant’s duties for bringing food and drink to the castle’s dining hall. Steward is a person employed to
    manage another’s property.
    In business, it has been used by the CEOs to denote the concept that “as a steward, you try to
    leave the company in better shape for your successor than it was handed over to you by your
    predecessor.”

    III. Self-Learning Activities


    Cite real-life situations as a student where each core principles should be observed.
    1. Fairness
    2. Accountability
    3. Transparency
    4. Stewardship

    IV. Assessment
    Identify the core principles observed or lacked in the following situations:
    _________1. One of Teacher A’s students, is a younger sibling of her college friend, despite the elder
    sibling’s close relationship with Teacher A, she still gave the grade that the student deserves.
    _________2. A student spread a wrong announcement to her classmates, even after knowing that she
    was at fault, she didn’t say anything to correct her mistake.
    _________3. A student’s mother wants to know the reason that his son’s classmate got a higher grade.
    Teacher A showed the record to the mother.
    _________4. Clyde Ann is a junior Architect in a firm and was given the task to check the construction
    site and bring the personal materials of the head Architect.
    _________5. The HR department was able to provide the documents the accountants need in validating
    their records.

    V. Extension of Learning
    1. What is the most important core principle for you? Why? Cite a real-life example (5 sentences)
    VI. REFERENCES
     https://www.academia.edu/36905139/The_Role_of_Business_in_Social_and_Economic_Develop
    ment
     https://commons.deped.gov.ph/melc
     https://journals.aom.org/doi/abs/10.5465/amp.24.3.11#:~:text=Profits%20do%20matter%2C
    %20but%20today,turn%2C%20greatly%20improves%20people's%20lives.
     https://www.hbs.edu/faculty/Publication%20Files/20120802%20-%20Michael%20E.%20Porter
    %20-%20World%20Bank%20CSV%20Presentation%20-%20For%20Distribution_cc041191-301a-
    4816-9166-3f885f36650a.pdf

    Submitted by:

    MS. CRISLY MAE L. VILLARIN, LPT MRS. MARIA ROSANNIE V. MIMAY

    Senior High School Teacher Senior High School Teacher

    Reviewed by:

    MS. APPLE JOY L. RUPEREZ, LPT


    Academic Program Coordinator

    Noted by:

    MRS. ANDRESA S. BULAWAN, LPT


    Assistant Principal

    Approved by:

    BERHN VINCENT DOSDOS


    Senior High School Principal

    You might also like