Week 2 Discussion Response- Managerial Finance

Week 2 Learning Resources

Managerial Finance

Ethics and Financial Management

In business, as in life, people are faced with ethical choices and dilemmas on a regular basis. This concept is especially applicable to the area of financial management. There is no shortage of companies, even major corporations, that have violated ethical principles in the way they presented (or misrepresented) financial information. In some cases, these violations led to the total downfall of organizations. Business managers have an obligation to ensure that these violations do not occur. Using these resources, you will examine ethics in financial management.

· Brigham E. F., & Houston, J. F. (2022). An overview of financial management. In  Fundamentals of financial management (16th ed., pp. 21–25). Cengage Learning.

· Clouse, M., Giacalone, R., Olsen, T. D., & Patelli, L. (2017).  Individual ethical orientations and the perceived acceptability of questionable finance ethics decisionsLinks to an external site. .  Journal of Business Ethics, 144(3), 549–558. https://doi.org/10.1007/s10551-015-2798-7

· Lilly. (n.d.).  Ethical conduct for financial management Links to an external site. . https://www.lilly.com/operating-responsibly/ethics-compliance/financial-management-ethical-conduct

Corporate Social Responsibility

When an organization lists corporate social responsibility (CSR) as one of its values—or perhaps even claims it to be part of its business model—it commits to be accountable toward a cause or causes that benefit more than just the company’s bottom line. The organization’s stakeholders and the general public can then hold the organization accountable to its commitments. Through these resources, you will explore CSR and the value it can create for an organization and beyond.

· Ramanna, K. (2020).  Friedman at 50: Is it still the social responsibility of business to increase profits?Links to an external site.   California Management Review, 62(3), 28–41. https://doi.org/10.1177/0008125620914994

· Serafeim, G. (2020, September 1).  Social-impact efforts that create real value .  Harvard Business Review, 98(5), 38–48.

· Walden University, LLC. (2014–2021).  How corporate social responsibility programs can help the bottom line [Video]. Walden University Canvas. https://waldenu.instructure.com

B Corporations

Some companies take their corporate social responsibility to another level and seek recognition as being forces for good, whether that be in their communities or across the globe. When a company is certified as a B Corporation, their “entire social and environmental performance” is acknowledged (B Lab, n.d.). Using these resources, you will examine B Corporations and what it means to be one. Although the company you select for your Assignment may not currently be a B Corporation, it is critical to select one with a corporate social responsibility focus.

· B Lab. (n.d.).  About B CorpsLinks to an external site. . https://bcorporation.net/about-b-corps

· Kim, S., Karlesky, M. J., Myers, C. G., & Schifeling, T. (2016, June 17).  Why companies are becoming B Corporations .  Harvard Business Review Digital Articles, 2–5. http://hbr.org