Social Responsibility

Social Responsibilities
1. Investors
2. Employees
3. Suppliers
4. Customers
5. Government
6. Local Communities
Advantages
1. Increased Sales
2. Reduced Costs
3. Easier to Attract and Retain Employees
4. Easier to Attract Capital
Business Ethics
1. Managers must lead by example
2. Whistle Blowing
3. Code of Ethics
4. Ethical Audits
The Environment
1. Environmental Issues/Responsibilities for Business
  1. Climate Change
  2. Waste Management
  3. Pollution
  4. Sustainable Development
2. Effects of the Environment on Buisness
  1. Increased Sales
  2. Increased Costs
  3. Damaged Reputation
  4. Increased Regulations
3. Characteristics of Environmentally Concious Business
  1. Sensitive to the Environment
  2. Open to new ideas
  3. Sustainable development
  4. Consults Others
  5. Honest about Environmental matters
Effects on Costs
1. Increased Wage bill
2. Increased Manufacturing Costs
3. Increased Materials Costs
4. Lower Legal Costs
5. Lower Energy Costs
Effects on Revenue
1. Increased Sales
2. Easier to Attract Capital
3. New Markets

Resource summary

	Created by Ms Dunne about 9 years ago