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Chapter 5Social Responsibility and Managerial EthicsL E A R N I N G O U T L I N E Follow this Learning Outline as you read and study this chapter.What is Social Responsibility?Contrast the classical and socioeconomic views of social responsibility.Discuss the role that stakeholders play in the four stages of social responsibility.Differentiate between social obligation, social responsiveness, and social responsibility.Social Responsibility and Economic PerformanceExplain what research studies have shown about the relationship between an organization’s social involvement and its economic performance.Explain what conclusion can be reached regarding social responsibility and economic performance.5–L E A R N I N G O U T L I N E (cont’d) Follow this Learning Outline as you read and study this chapter.The Greening of ManagementDescribe how organizations can go green.Relate the approaches to being green to the concepts of social obligation, social responsiveness, and social responsibility.Values-Based ManagementDiscuss what purposes shared values serve.Describe the relationship of values-based management to ethics.5–L E A R N I N G O U T L I N E (cont’d) Follow this Learning Outline as you read and study this chapter.Managerial EthicsContrast the four views of ethics.Discuss the factors that affect ethical and unethical behavior.Discuss the six determinants of issue intensity.Explain what codes of ethics are and how their effectiveness can be improved.Describe the important roles managers play in encouraging ethical behavior.5–L E A R N I N G O U T L I N E (cont’d) Follow this Learning Outline as you read and study this chapter.Social Responsibility and Ethics in Today’s WorldExplain why ethical leadership is important.Describe how managers can provide ethical leadership.Describe social impact management.5–What Is Social Responsibility?5–The Classical ViewManagement’s only social responsibility is to maximize profits (create a financial return) by operating the busi
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