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you read and study this chapter. Social Responsibility and Economic Performance (cont’d) ? Discuss the methodological concerns raised about these research studies. ? Define social screening. ? Explain what conclusion can be reached regarding social responsibility and economic performance. The Greening of Management ? Tell what the greening of management is and why it is important. ? Describe how organizations can go green. Copyright 169。8th edition Steven P. Robbins Mary Coulter PowerPoint Presentation by Charlie Cook Copyright 169。 2020 Prentice Hall, Inc. All rights reserved. 5–4 L E A R N I N G O U T L I N E (cont’d) Follow this Learning Outline as you read and study this chapter. The Greening of Management (cont’d) ? Relate the approaches to being green to the concepts of social obligation, social responsiveness, and social responsibility. ValuesBased Management ? Define valuesbased management. ? Discuss what purposes shared values serve. ? List some of the core values held by . panies. ? Describe the relation of valuesbase management to ethics. Copyright 169。 2020 Prentice Hall, Inc. All rights reserved. 5–8 What Is Social Responsibility? (cont’d) ? The Socioeconomic View ?Management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare. ?Corporations are not independent entities responsible only to stockholders. ?Firms have a moral responsibility to larger society to bee involved in social, legal, and political issues. ?―To do the right thing‖ Copyright 169。 2020 Prentice Hall, Inc. All rights reserved. 5–12 How Organizations Go Green ? Legal (of Light Green) Approach ? Firms simply do what is legally required by obeying laws, rules, and regulations willingly and without legal challenge. ? Market Approach ? Firms respond to the preferences of their customers for environmentally friendly products. ? Stakeholder Approach ? Firms work to meet the environmental demands of multiple stakeholders—employees, suppliers, and the munity. ? Activist Approach ? Firms look for ways to respect and preserve environment and be actively socially responsible. Copyright 169。 2020 Prentice Hall, Inc. All rights reserved. 5–16 Managerial Ethics (cont’d) ? The Theory of Justice ?Organizational rules are enforced fairly and impartially and follow all legal rules and regulations. ?Protects the interests of underrepresented stakeholders and the rights of employee. ? Integrative Social Contracts Theory ?Ethical decisions should be based on existing ethical norms in industries and