Ethics And Social Responsibility - 859 Words

Ethics and social responsibility 1. Introduction The contemporaneous business environment is more dynamic and more competitive than ever, reflecting a wide array of changes and challenges emerged from within the micro and the macro environments. An important example at this level is represented by the increasing pressures posed by the various categories of stakeholders. The employees become more knowledgeable, more valuable and as such more demanding; the competition intensifies from both domestic as well as international players; the share holders pressure for more profitability; the needs of the customers change and the general public creates more pressure towards the limitation of the negative impacts of the business operations onto the community. In this complex setting, the economic agents come to devise and implement a series of strategies aimed at enhancing their position and helping them satisfy the needs of stakeholders. One important example at this level is represented by the increasing emphasis placed on ethics and social responsibility. 2. The role of ethics and social responsibility in strategic plans Within the organizational setting, ethics and social responsibility are perceived as the behavior the company should implement relative to its stakeholders, with the expectation that the economic agents adhere to the legal stipulations, as well as the ethical norms to preserve the wellbeing of the stakeholders. The organizational theory ofShow MoreRelatedEthics and Social Responsibility1313 Words   |  6 PagesEthics and Social Responsibility MGT/498 February 26, 2013 Ethics and Social Responsibility Companies, such as Enron and WorldCom brought new awareness of the terms ethics and social responsibility. Thus, corporations are including ethics as part of the company’s strategic planning objectives (Cato Institute, 2013). This writing will assess the role of ethics and social responsibility in developing a corporate strategic plan. Further, the considerationsRead MoreThe Ethics And Social Responsibility1040 Words   |  5 PagesAbstract Every individual view ethics differently. No matter how one view ethics at the end of the day ethics is a determination of an individual’s own belief of what is right or wrong. Corporate social responsibility (CSR) is defined as â€Å"the notion that corporations have an obligation to constituent group’s union contracts.† No matter how one may view ethics and social responsibility in developing a strategic plan, or considering the stakeholders needs. Ethnic Ethics are defined as â€Å"the inner guidingRead MoreEthics and Social Responsibility1129 Words   |  5 Pagestop in the industry. SC Johnsons commitment to each country they perform business in, is to be an innovative one stop shop for products that offer environmental benefits. Communication and green choices are essential in SC Johnsons cross-cultural ethics. SC Johnson is a global organization with a multinational presence that has manufactured household brands for over a century. Their worldwide locations include Africa, Asia, Europe, North America, and Australia. SC Johnson formerly stated theRead MoreThe, Ethics, And Social Responsibility1752 Words   |  8 PagesThe argument of whether or not â€Å"values†, ethics, and social responsibility should be included in the business world is a fiercely debated subject. Some are completely against including ethics within the business sphere and that in order to stay competitive, a company should do whatever it takes to survive in the dog eat dog world. The proponents of keeping ethics separate from business would claim that going for profit in perfectly competitive markets will work so that society will be served inRead MoreSocial Responsibility And Ethics Of An Organization Essay1265 Words   |  6 PagesSocial Responsibility and Ethics Social responsibility and ethics are a part of the rules and regulations that an organization must comply with in order to meet the moral standards. It is best to observe the standards of ethic and social responsibility in any type of management. An organization normally has policies already put in place that both the employee and proprietor has to follow. There is a procedure that is laid out from step one to the final step that will keep all involve safeRead MoreSocial Responsibility And Business Ethics Essay1470 Words   |  6 Pagesrole of social responsibility in business organizations and society. This paper will compare similarities and differences between Cohen’s perspective on social responsibility to the social responsibility and business ethics theories of Drucker and Milton Friedman. Furthermore, this paper will provide a frame of reference on corporate social responsibility and business ethics presented in other research. Social Responsibility Defined Cohen, 2009 wrote in his article that Drucker defined social responsibilityRead MoreBusiness Ethics And Social Responsibility1167 Words   |  5 PagesCOMPARITIVE BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Essay on Ethics and corporate Social Responsibilities SUBMITTED BY: Karuna Shrestha SID# TIA2346 SUBMITTED TO: Understanding Ethics and CSR (Corporate Social Responsibilities) Corporate social responsibility is no more characterized by the amount of cash an organization adds to charities, yet by its general inclusion in exercises that enhance the nature of individuals lives. Corporate Responsibility has come up as a huge topic in theRead MoreCorporate Ethics And Social Responsibility1528 Words   |  7 Pages Corporate Ethics and Social Responsibility Amanda Rabius PHL/320 10/9/17 Hank Reeves â€Æ' Corporate Ethics and Social Responsibility Ethics and Corporate Social Responsibility in the corporate world are very important. By understanding business ethics and socially responsibility, companies can develop and implement a socially responsible plan. Organizations are no doubt an assembly line of different networks that are both complex and dynamic in nature which face various conflicts. With this, a qualitativeRead MoreEthics And Corporate Social Responsibility1637 Words   |  7 Pagescontributed to Managing Sustainability: Ethics and Corporate Social Responsibility in the post-bureaucratic era. â€Å"Leadership is the process of directing, controlling, motivating and inspiring staff toward the realization of stated organizational goals† (Clegg, S.R. Kornberger, M. Pitsis. 2011, p.126.) Leadership in the post-bureaucratic era is essential for the success of a company, and also plays part into the Sustainability of Ethics and Corporate Social Responsibility for an enterprise. In this essayRead MoreThe Concepts of Ethics and Social Responsibility866 Words   |  4 PagesThe concepts of ethics and social responsibility, in business, are whatever the company wants them to be. There is no fixed definition, so the company must make its own determination. Schulman (2006) notes that ethics and social responsibility factor into strategy because, like strategy, they cut to the essential core of the organization. Questions like What do we stand for?, What is our purpose?, and What values do we have? are central to both the ethics of the organization and its business