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rifles, but not handguns 2. tabloid newspapers like the National Enquirer, but not adult magazines like Penthouse Other opinions towards social Responsibility 1. Business Ethics 2. Responsibility of Business in Society 3. The Concept of the Pyramid of Social Responsibility 4. Ethical DecisionMaking 5. Ethical Leadership Text B Four Broad Themes of Business Ethics 6. Corporate Governance Business Ethics Ethics is the study of morals and moral choices. It focuses on standards, rules, and codes of conduct that govern the behavior of individuals and groups. Four Broad Themes of Business Ethics Four Broad Themes of Business Ethics Responsibility of Business in Society Business and society are interdependent. Society depends on business for wealth creation while business depends on society for an environment wherein it can meet its duty to create wealth. The Concept of the Pyramid of Social Responsibility ◆ At the bottom of the pyramid is the expectation that businesses create employment and wealth. ◆ At the next level, businesses are also expected to obey the law and minimize any social problems that appeared in running their business. ◆ Finally, if business is successful, society expects business to give back. Four Broad Themes of Business Ethics Making ethical decisions can be difficult. We make most of them in a world of economic, professional and social pressures. Four Broad Themes of Business Ethics Ethical DecisionMaking Ethical decisionmaking requires more than a belief in the importance of ethics . It also requires ethical sensitivity to implications of choices, the ability to evaluate plex, ambiguous and inplete facts , and the skill to make ethical decisions effectively. Four Broad Themes of Business Ethics Ethical DecisionMaking Ethical Leadership Without ethical leadership, rewards and promotions for ethical behavior, and a lack of training and attention to developing a strong ethical culture can lead to corruption and the type of news stories we have seen s