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Entrepreneurship
Ethics within
businesses
Many businesses develop their own
codes of ethics or conduct
These codes outline what employees are
to do in order to carry out what the
company sees as the right thing to do in
various circumstances
Being Socially
Responsible
It is not enough to be ethical, or do the right
thing anymore (thankfully)
Businesses are now expected to act in a
socially responsible manner they need to be
good citizens as well as give back to the
societies (including global) in which they exist.
Can you think of a company that is socially
responsible? One that is not?
There are financial benefits to being a socially
responsible company or organization. What
might some be?
Hmmm
Q: who do you think American consumers
voted to be the most socially
conscious/responsible company?
A: Wal-Mart
The retail giant trounced second-place
McDonald's (yes, McDonald's). In fact, 28
percent of consumers picked Wal-Mart Stores
as the most responsible company, compared
with 17 percent for McDonald's and 16
percent for third-place Microsoft.