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CHAPTER

OBJECTIVESOBJECTIVES

SOCIAL AND ETHICAL ENVIRONMENT OF BUSINESS

Describe the changing nature of the population, the labor force, and their impact on businesses.

Discuss how the values of Americans have changed and how business has adapted to those changed values.

Debate the dilemma posed by the need for business to grow and the need to protect the natural environment.

Suggest ways in which businesses can be socially responsible.

Predict how changes in society and business will affect employment in the future.

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HUMAN RESOURCEISSUES

Population Growing population Changing population

Baby boom Baby bust

Moving population Frost Belt Sun Belt Rust Belt

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HUMAN RESOURCEISSUES

0

50

100

150

200

250

300

1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000

Mil

lio

ns

of

Peo

ple

Population of the United States

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HUMAN RESOURCEISSUES

Labor force Poverty Equal employment

Glass ceiling Sticky floor syndrome

Comparable worth

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HUMAN RESOURCEISSUES

Societal values Generation X Net Generation

Employer practices Redesigning jobs Improving health and safety Family-friendly practices

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NATURAL RESOURCEISSUES

Managing the environment Controlling environmental pollution

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ETHICALISSUES

Business ethics Ethical dilemmas

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SOCIAL RESPONSIBILITY OF BUSINESS

Social responsibility — the duty of a business to contribute to the well being of society