By Ronald R. Sims

Moral mess ups are rooted in management failure, the inability of a company tradition during which moral matters were built-in, and unresponsiveness to key organizational stakeholders. This e-book seeks to augment our realizing of the reasons of moral debacles in an period while moral missteps can frequently result in company bankruptcies or worse.

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South-Western, 2003), 8; A. B. Carroll and A. K. Buchholtz, Business and Society: Ethics and Stakeholder Management, 5th ed. : South-Western, 2003). 5. G. Morgenson, "Wall Street Firms Endorse Ethics Standards for Analysts," New York Times (June 13, 2001). com. 6. Carroll and Buchholtz, Business and Society. 7. J. Frooman, "Socially Irresponsible and Illegal Behavior and Shareholder Wealth," Business & Society 36, no. 3 (1997), 221-29. 8. R. Zemke, "Employee Theft: How to Cut Your Losses," Training (May 1986), 74–78; S.

Business statesmanship on the part of peers. Governments Taxes (income, property, and so on); adherence to the letter and intent of public policy dealing with the requirements of fair and free competition; discharge of legal obligations of businesspeople (and business organizations); adherence to antitrust laws. Local communities Place of productive and healthful environment in the community. Participation of company officials in community affairs, provision of regular employment, fair play, reasonable portion of purchases made in the local community, interest in and support of local government, support of cultural and charitable projects.

3: Levels of Social Commitment Social Obligation Low Social Responsibility Responsiveness High Reactive Prescriptive Proactive Does more than required by law Anticipates and prevents problems Adheres to legal requirements Does more than required by economic considerations Searches for socially responsible acts Adheres to economic considerations Avoids public stands on issues Takes public stands on issues Proscriptive [*] [*]Proscriptive means the firm reacts when its action is called (or threatened to be called) to the public's attention.

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