Business Ethics and Social Responsibility Grade 12

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Some of the key takeaways are that business organizations can take different forms like sole proprietorships, partnerships and corporations. They play important roles in society such as creating jobs, advancing the economy, promoting sustainability and investing in innovation. Ethical leadership in organizations can be either compliance-based or values-based.

The different forms of business organizations discussed are sole proprietorships, partnerships and corporations. Sole proprietorships are the simplest form owned by one person, partnerships involve two or more people, and corporations require more people as stakeholders.

Some of the roles of business organizations in society include providing goods and services, creating employment opportunities, advancing the economy through industries like BPOs, promoting sustainability through practices and policies, and investing in innovation and excellence.

Business Ethics and Social

Responsibility
The Role of Business in Social and Economic Development
The Business Organization
What is a Business Organization

- An entity that aims to earn profit by providing products and services to


satisfy the needs of the market

- seen as profit generators

- an important component of the modern society

- plays an important role in advancing socio-economic development


Forms of a Business Organization

- By : Ownership:

- Sole Proprietorship *
- Partnership **
- Corporation ***
Advantages and Disadavantages of
Different Forms of a Business Organization
Sole Proprietorship - simplest form/ easy to register (DTI -BTRCP/)

- life

Partnership - needs registration with SEC - two or more persons

- general / limited

- life

Corporation - SEC registration requires more people as stakeholders

- limited obligations
- life
Business Organization are part of an
economic System

1 - Capitalism 1 - Individuals own and operate the majority of business

2 - Communism 2 - Owned and operated by the government

3 . Socialism 3 - mostly owned and operated by the government/ smaller ones by


individuals
Free enterprise System

RIGHTS :

INDIVIDUALS AND - Own a private property


BUSINESSES ARE - Own a business and keep all profits
GIVEN RIGHTS IN - Freedom of competition
ORDER TO MOTIVATE - Freedom of choice
THEM TO SUCCEED
READ AND ANSWER

1. What specific rights in the free enterprise systems was violated by Star
bean
2. What specific rights (s) in the free enterprise system best explains the
success story of CreativiTEA? Explain your answer.
BIG IDEAS
1 - PRODUCTS can be tangible (goods) or intangible (services)

2 - In a free enterprise system, individuals and businesses are given rights in


order to motivate them to succeed.

3 - Share Value is a business concept that focuses on measurable business


value by identifying and addressing social problems that cross paths with the
business

4 - Ethics in a business context, is about ethical decision-making that is,


decisions must be based on promoting greater good and doing what is morally
“Business is a combination of war and
sport .”

- Andre Maurois
Assignment

Beyond Walls 1.1 Ref: http://homegrown.ph/how-to-set-upyour-own-non-profit-


corporation
On page 4 to 5 of the
Book: OUTPUT:

Proceed with the 1 - Ppt or google Slides :


requirement as stated:
2 - Collaborative effort of 8 groups ; please group yourselves into 8
To submit within 2 groups. Ensure that all has a group. Submit a member list of each
weeks. groups. In case the total number of class do not constitute an exact
number of members , make sure everyone becomes a member.
Thanks!
DON CARLO CAVINA SCHOOL
Business Ethics and Social
Responsibility
Las Pinas City

Speaker Notes resource:


DIWA Senior High School Series
Business Ethics and Social
Responsibilty Module
Authored by: Jonalyn C. Baquillas

From: DIWA LEARNING


SYSTEMS
The Role of Business Organization in the
Society

Primary Objectives:

- Develop, produce, distribute

Among the roles are:

- Create employment opportunities


- Advancing the economy
- Promote sustainability
- Investing on innovation and excellence
The Role of Business Organization in the
Society

- Providing good and services


- Pharma companies developing medicines
- Create employment opportunities
- Hiring people to help the business attend to rising demands on products and services
- Advancing the economy
- Examples are the rising numbers of BPOs in the country (MSMEs)
- Promote sustainability
- Good management practice
- Adherence to government policies
- Public opinion
- New opportunities
- Investing on innovation and excellence
MSMEs - Categories

Enterprise : - BY Asset Size


- Micro: 3,000.000.00
- Small : 3,000,001 to 15,000,000.00
- Medium: 15,000,001 to 100,000,000.00
MICRO
By Number of Employees
SMALL
1-9
MEDIUM
10-99

100-199
ETHICS and BUSINESS

Ethical Decisions:

Examples:

- Fair labor practices


- Environment awareness
- Product /service safety
ETHICS AND LAW

Accdg to Law: According to company dictated


Mandated Salary
Ethics
- Mandated Salary / commissions
Mandated Benefits
- Mandated Benefits
- HMO Benefits
- Rice subsidy
- Retirement scheme
The Ethical Corporate Culture

If Ethics are poor at the top, that behavior is Give your thoughts on this.
copied down through the organization.

- Robert Noyce.
The Corporate Culture

Functions :

- External adaptation
- Internal Integration

s
The Corporate Culture

Understanding Corporate Culture

Observable Culture

Shared Values

Common Cultural Assumptions


The Corporate Culture

Ethical Leadership and Management

Recognized types:

Compliance based

Values based

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