WEEK 3

In week 3 we discussed Management's Social and Ethical Responsibilities.
We talked about some social responsible companies.
Starbucks for example is one of the most talked about companies when social responsibility is the subject. It has great benefits for its employee partners, including health-care coverage. It's also been very aware of the needs of small coffee farmers though its CAFE initiative, and it tries to do business in an environmentally aware manner, through actions such as reducing waste with recycled paper sleves instead of double-cupping.
We also went into talking about the ethical dimensions of management, the general ethical principles, and how firms are encouraging ethical conduct in society today. The ten general ethical principles that consciously and unconsciously guide behavior when ethical questions arise are self interests, personal virtues, religious injunctions, government requirements, utilitarian beliefs, universal rules, individual rights, economic efficiency, distribute justice, and contributive liberty.
We also did some research on the Sarbanes-Oxley Act that was enacted in 2002 due to several corporate scandals. This act was enacted to keep away large businesses from financial deceptions and misleading their investors and shareholders.