Management, 11th Edition

Chapter 3. Ethics and Social Responsibility

Chapter 3 Study Questions

1. What is ethical behavior?

2. How do ethical dilemmas complicate the workplace?

3. How can high ethical standards be maintained?

4. What is social responsibility and corporate governance?

Learning From Others, Everyone Gains When Our Planet Is a Priority

"Business is the most powerful force in the world," says Gary Hirshberg. "I believe that virtually every problem in the world exists because business hasn't made finding a solution a priority."

Gary Hirshberg is the co-founder, president, and CEO of Stonyfield Farm, the world's largest producer of organic yogurt. He is also the author of Stirring It Up: How to Make Money and Save the World and was named one of "America's Most Promising Social Entrepreneurs" by BusinessWeek magazine. Hirshberg has always been at the forefront of movements for environmental and social transformation. He studied climate change at Hampshire College, built energy-producing windmills, and worked at a nonprofit research center that published studies on organic farming, aquaculture, and renewable energy sources.

The mission of Stoneyfield Farm is straightforward: "Offer a pure and healthy product that tastes good and earn a profit without harming the environment." Hirshberg says "We factor the planet into all our decisions."

Stonyfield Farm is committed to managing the triple bottom line of being economically, socially, and environmentally responsible. The company only uses dairy-farm suppliers who pledge ...