MGT 201 Part Two All
MGT 201 Part Two All
Scholars have divided these environmental factors into two main parts as
Internal Environment
External Environment
Organizational Culture is a system of shared beliefs and values that develop within an
organization and guide the behavior of its members
Ethics
– An individual’s personal beliefs regarding what is right and wrong or good and bad.
Ethical Behavior
– “Eye of the beholder” or behavior that conforms to generally accepted social norms.
– “Borrowing” office supplies for personal use, “Surfing the Net” on company time.
– Filing falsified or inflated business expense reports.
Managerial Ethics
A Guide for Ethical Decision Making
Social obligation When a firm engages in social actions because of its obligation to meet
certain economic and legal responsibilities.
Social responsiveness When a firm engages in social actions in response to some popular
social need
Social responsibility A business’s intention, beyond its legal and economic obligations, to
do the right things and act in ways that are good for society
– Stakeholders
– The natural environment
– The general social welfare
Arguments for and Against Social Responsibility
Evaluating Social Responsibility