Social responsibility of business includes protecting the environment, promoting diversity and inclusion in the workplace, and ensuring employee health and safety. Businesses can be socially responsible by using recycled materials, offering hybrid vehicles, and operating e-waste recycling programs. They must also comply with regulations like the Americans with Disabilities Act, Occupational Safety and Health Administration guidelines, and ethics codes.

1. Chapter 4
Social Responsibility of Business and
Government

2. Social Responsibility
• The duty by a business to contribute to the
well-being of a community.
• Includes:
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Protection to the environment
Minorities and women in the workplace
Employment of the physically challenged
Healthy and safe work environment

3. Environmental Protection
• Non-renewable Resource
– A natural resource that cannot be replaced when
used up.
– Gas, oil, minerals (copper and iron)
A socially responsible business takes actions that
improve or change operations that cause pollution.

4. Environmental Protection
Example:
Starbucks uses
recycled material for
their coffee cup
sleeves saving 78,000
trees per year.

5. Environmental Protection
Example:
Toyota offers the
Prius that is the first
mass market hybrid
vehicle.

6. Environmental Protection
Example:
Run and operate an
“e-waste” program
for disposing of and
recycling old
computers.

7. Workplace Diversity
• More sensitive to the roles of women, ethnic
groups, and older workers.
• ADA – Americans with Disabilities Act
• “Equal Opportunity Employer”

8. Job Safety and Employee Wellness
• OSHA – Occupational Safety and Health
Administration
• Promoting good health through the workplace

9. Business Ethics
Ethics
– Principles of morality or rules of conduct
Business Ethics
– Rules about how businesses and their employees
ought to behave
Code of Ethics
– Set of rules for guiding the actions of employees
or members of an organization.

10. Business Ethics Checklist
• Is the action illegal?
• Does the action violate company or professional
standards?
• Who is affected, and how, by the action?

11. Trademark
• A trademark is word, letter, or symbol linked with a
specific company or product.
• Company names, team emblems, label designs,
logos, etc.

12. Copyright
• A copyright protects the creative work of authors,
composers and artists.
• Copyright protection lasts for the life of the person
receiving the copyright.

13. Patent
• Give the inventor the sole right to make, use, or sell
the item for 17 years.