4-27: Top 20 Admired Companies and
Illustrative CSR Programs
Social responsibility is even one of the key
measures that Fortune magazine uses to create its
list of the most admired companies.
4-28: Check Yourself 1. Today, companies are undertaking a wide
range of corporate social responsibility
initiatives, such as establishing corporate
charitable foundations, supporting and
associating with existing nonprofit groups,
supporting minority activities, and following
responsible marketing, sales, and production
practices. Social responsibility is even one of
the eight key measures that Fortune magazine
uses to create its list of the most admired
companies.
2. Examples include elements of employees,
customers, the marketplace, and society.
Additional Teaching Tips
In this chapter, the goal is to introduce students to ethics and social responsibility. The text
introduces the Stakeholder Analysis Matrix and the Ethical Decision Metrics I and II as tools to
reaching good ethical decisions. Ethics is difficult to teach because it is based on one’s beliefs
and culture. Consequently, instructors should keep in mind that much debate and excitement can
occur in the classroom when discussing topics in this chapter.
Instructors can teach the various metrics by using Application Questions 4, 5, 6 where students
are divided into groups and each group asked to participate in each of the questions by reading
the scenario and being assigned part of the matrix to complete. The class would then have one
class-completed metric for each question for class discussion. Online tip: This exercise can also
be transferred to the online setting by assigning one metric to each team then asking the other
teams to critique it and/or add their suggestions.
Most students aren’t aware of the American Marketing Association Code of Ethics. Instructors
should fully address this, which can be done by asking students to give an example of how the