Chapter 12 - Community outreach and respect. The main goals of this chapter are to: Describe four types of social responsibilities businesses have, articulate the competitive advantages of community involvement, understand the six phases of issues-driven multi-stakeholder dialogues,. | COMMUNITY OUTREACH AND RESPECT Chapter Twelve Visit for the latest in business news stories. Copyright © 2012 John Wiley & Sons Chapter 12 Learning Objectives Describe four types of social responsibilities businesses have Articulate the competitive advantages of community involvement Understand the six phases of issues-driven multi-stakeholder dialogues Develop a diverse portfolio of giving opportunities-money, products or services, skills, and job opportunities Choose community organizations for strategic partnerships Administer the community involvement process Chapter 12: Collins, Business Ethics Extent of Social Responsibilities Milton Friedman famously articulated the viewpoint that the only social responsibility for business is to maximize profits within the guidelines of the law Friedman’s narrow conceptualization of social responsibility has been criticized by many scholars Chapter 12: Collins, Business Ethics Business ethicist Brian Schaefer | COMMUNITY OUTREACH AND RESPECT Chapter Twelve Visit for the latest in business news stories. Copyright © 2012 John Wiley & Sons Chapter 12 Learning Objectives Describe four types of social responsibilities businesses have Articulate the competitive advantages of community involvement Understand the six phases of issues-driven multi-stakeholder dialogues Develop a diverse portfolio of giving opportunities-money, products or services, skills, and job opportunities Choose community organizations for strategic partnerships Administer the community involvement process Chapter 12: Collins, Business Ethics Extent of Social Responsibilities Milton Friedman famously articulated the viewpoint that the only social responsibility for business is to maximize profits within the guidelines of the law Friedman’s narrow conceptualization of social responsibility has been criticized by many scholars Chapter 12: Collins, Business Ethics Business ethicist Brian Schaefer argues that corporations often stand to profit from polluting water, overcharging customers, treating suppliers coercively, and downsizing without warning An important management challenge is determining the extent of an organization’s philanthropic activities. Financial capability, as well as managerial philosophy matter Work-Life balance Work-life balance refers to achieving the appropriate balance between time spent working and one’s personal life Employees need time away from work to develop their personalities, replenish their energy, and avoid burnout Chapter 12: Collins, Business Ethics As a manager, conceptualize the organization’s social responsibilities beginning with your own employees’ pursuit of happiness On average, Americans work 350 more hours a year, nine full weeks more than their European counterparts Long working hours contribute not only to poor health conditions and emotional exhaustion, but also less time for family activities and civic engagement .
