Social Responsibility

Social Responsibility

1. Social Responsibilities

   • Investors
   • Employees
   • Suppliers
   • Customers
   • Government
   • Local Communities

2. Advantages

   • Increased Sales
   • Reduced Costs
   • Easier to Attract and Retain Employees
   • Easier to Attract Capital

3. Business Ethics

   • Managers must lead by example
   • Whistle Blowing
   • Code of Ethics
   • Ethical Audits

4. The Environment

   • Environmental Issues/Responsibilities for Business
     • Climate Change
     • Waste Management
     • Pollution
     • Sustainable Development
   • Effects of the Environment on Buisness
     • Increased Sales
     • Increased Costs
     • Damaged Reputation
     • Increased Regulations
   • Characteristics of Environmentally Concious Business
     • Sensitive to the Environment
     • Open to new ideas
     • Sustainable development
     • Consults Others
     • Honest about Environmental matters

5. Effects on Costs

   • Increased Wage bill
   • Increased Manufacturing Costs
   • Increased Materials Costs
   • Lower Legal Costs
   • Lower Energy Costs

6. Effects on Revenue

   • Increased Sales
   • Easier to Attract Capital
   • New Markets