Chapter 11 Techno

CHAPTER 11: ETHICS,
SOCIAL RESPONSIBILITY
AND GLOBALIZATION
Members of the Group:
Chumayyo, Angel Mae
Dumanop, Neriza Faith
Pumihic, Brenelyn
Ethics definition Professional Code of Ethical Decision Making Social Responsibility
Ethics Definition Corporate
Social Responsibility
ETHICS
is the branch
of philosophy that
deals with issues of
right and wrong in
human affairs.
• Business Ethics
- are that functions which leads to choosing right decision at right time which leads for
the welfare of not only business owners but also society, consumers, stakeholders and its
employees.
-the value of what should be done and what should not be done from the business point
of view.
-it involves adhering to legal, regulatory, professional and company standards, keeping
promises and commitments and abiding by general principles like fairness, truth, honesty and
respect.
CODE OF ETHICS
• A code of ethics set out an organization’s ethical guidelines and best
practices to follow for honesty, integrity, and professionalism.
• For members of an organization, violating the code of ethics can results in

sanctions including termination.
• In some industries, including banking and finance, specific laws govern

business conduct. In others, a code of ethics may be voluntarily adopted.
TYPES OF CODES OF ETHICS
A. a compliance-based code of ethics

B. a value- based code of ethics
C. a code of ethics among professionals.
PROFESSIONAL CODES OF ETHICS
Several professions have a code of ethics that exists

independent of any employment. For instance, a doctor or lawyer is
always bound by the code of ethics for their profession, regardless of
whether they work for a large organization or are in private practice.
These codes constitute the basic expectations of these jobs and
guide them when making decisions.
Examples of professional codes of ethics:
●The Legal Profession
➢ Lawyers, paralegals and other employees of the legal profession are
bound to a general code of ethics. A few of these governing ethics include:
▪ Confidentiality - Lawyers must always maintain their clients’
confidence.
▪ Competence - Legal professionals must represent their clients
with a high level of competence.
▪ Professional Courtesy - Lawyers must treat their colleagues
with fairness and courtesy.
• The Medical Profession
➢ The American Medical Association imposes a code of ethics on physicians. It
addresses everything from interpersonal relationships with other staff members to
information on patient care. For instance:
▪ Trust - Doctors must instill a sense of trust between themselves and their
patients.
▪ Do No Harm - Doctors cannot engage in any activity that would
cause harm to their patients.
▪ Privacy - Doctors cannot share the details of their patients’
medical treatments or histories without permission.
• The Business World
► Corporations and have codes of ethics to help workers decide if
certain behaviors are appropriate and acceptable when dealing with clients
and outside agencies. Many organizations require employees to attend yearly
training on ethics and, in some cases, to sign statements promising to adhere
to all ethical guidelines laid out by the company.
Examples of ethics in the business world include:

▪ Integrity- employees should maintain honesty and clear communication workplace.
▪ Teamwork- members of a professional organization should work together to get the
job done.
▪ Objectivity- employers should not make career decisions based on whom they like
best or with whom they have personal relationships.
• Teachers and Education
►Teachers and other education professionals are role models to their
students. Their code of ethics not only protects their students against
mistreatment, but it also protects their sense of fairness itself.
Some code of ethics examples in education include:

▪ Consideration- teachers should put the needs of their students first.
▪ Growth- educators need to pursue professional growth.
▪ Communication- teachers work with parents as a support team for each
student.
ETHICAL DECISION MAKING
Is a cognitive process that considers various ethical principles,

rules, and virtues or maintenance of relationships to guide or judge
individual or group decisions or intended actions.
In the context of decision making, your ethics are your personal

standards of right and wrong. They are your basis for making ethically
sensitive decisions.
• These are the practical that use as a guide when making ethical decisions
about dilemmas:
▪ ask yourself what the dilemma is and GET THE FACTS
▪ consider the most important thing that you need to RECOGNISE IN

YOURSELF
▪ It is time to judge your opinions and MAKE A DECISION
▪ COMMIT TO ACTION
SOCIAL RESPOSIBILITY
This is an ethical theory in which individuals are accountable for

fulfilling their civic duty, and the actions of an individual must benefit the
whole of society.
In this way, there must be a balance between economic growth

and the welfare of society and the environment.
If this equilibrium is maintained, then social responsibility is

accomplished.
CORPORATE SOCIAL RESPOSIBILITY (CSR)
• Is the idea that a business has a responsibility to the society that exists
around it.
• Types of CSR:
1. Environmental Responsibility
-refers to the belief that organizations should behave in as

environmentally friendly a way as possible. It’s one of the most common
form of corporate social responsibility. Some companies use the term
“environmental stewardship” to refer to such initiatives.
3 ways to embrace environmental responsibility:
1. Reducing harmful practices
- Decreasing pollution, greenhouse gas emissions, the use of single-use plastics, water
consumption, and general waste
2. Regulating energy consumption
- Increasing reliance on renewables, sustainable resources, and recycled or partially recycled

materials
3. Offsetting negative environmental impact
- Planting trees, funding research, and donating to related causes.

2. Ethical Responsibility
-is concerned with ensuring an organization is operating in

a fair and ethical manner.
-organizations that embrace ethical responsibility aim to

achieve fair treatment of all stakeholder, including leadership,
investors, employees, suppliers, and customers.
3. Philanthropic Responsibility
refers to a business’s aim to actively make the world and society a better place. In
addition to acting ethically and environmentally friendly, organizations driven by
philanthropic responsibility often dedicate a portion of their earnings. While many firms
donate to charities and nonprofits that align with their missions, others donate to worthy
causes that don’t directly relate to their business. Others go so far as to create their own
charitable trust or organization to give back and have a positive impact on society.
4. Economic Responsibility
Economic responsibility is the practice of a firm backing all its financial decisions in
its commitment to do good. The end goal isn’t just to maximize profits, but also to make sure
the business operations positively impact the environment, people, and society.

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CHAPTER 11: ETHICS,

• For members of an organization, violating the code of ethics can results in

• In some industries, including banking and finance, specific laws govern

A. a compliance-based code of ethics

Several professions have a code of ethics that exists

Examples of ethics in the business world include:

Some code of ethics examples in education include:

Is a cognitive process that considers various ethical principles,

In the context of decision making, your ethics are your personal

▪ ask yourself what the dilemma is and GET THE FACTS

▪ consider the most important thing that you need to RECOGNISE IN

▪ It is time to judge your opinions and MAKE A DECISION

This is an ethical theory in which individuals are accountable for

In this way, there must be a balance between economic growth

If this equilibrium is maintained, then social responsibility is

-refers to the belief that organizations should behave in as

1. Reducing harmful practices

2. Regulating energy consumption

- Increasing reliance on renewables, sustainable resources, and recycled or partially recycled

3. Offsetting negative environmental impact

- Planting trees, funding research, and donating to related causes.

-is concerned with ensuring an organization is operating in

-organizations that embrace ethical responsibility aim to

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