Introduction Ethics is just being right or wrong, good or bad, fair or unfair, blameworthy or praiseworthy. (www.onlineethics.com, 2008) Ethics are the moral principles and values that govern the actions and decisions of an individual or group. They serve as guidelines on how to act rightly and justly when faced...
Business landscape in the 21st century is becoming more aware of its impact on the communities around them and the world at large. Corporate social responsibility and ethical behavior are expected from companies who wish to achieve success in the international arena. Therefore, corporate responsibility is one of the staples...
Conformity to laws and policies. Each employee should be guided by the country’s laws and the company’s internal policies to perform the job at the highest level and without any law-breaking activity. Discrimination and injustice. Every person within the organization should have a right to perform his/her duties without being...
Samsung’s Perspective on Business Ethics Despite the fact that the current corporate and business environment calls for the increased attention in terms of addressing ethical conduct, it is very uncommon for the management to include any information about ethics programs or general ethical conduct in the corporate responsibility reports (Webley,...
Describe how Agility Logistics engage in corporate social responsibility by giving specific examples Agility Logistics engages in corporate responsibility in several ways, with humanitarian logistics, green steps, and investing in the community as the key areas (Manibo para. 3). Under community investment, Agility Logistics supports a Lebanon-based cancer treatment center....
Introduction The phenomenon of globalization not only changed the rules of business but also irrevocably affected society. Corporate Social Responsibility (CSR) is the result of studying and compiling new principles of interaction between employers and workers. The essence of this term is a set of economic and social measures and...
Modern business is in its infancy, and its development and strengthening will largely depend on how timely and adequately it perceives the basic principles of corporate social responsibility (CSR). Only in this case it can become the engine of positive changes in socially significant spheres of society, create and maintain...
“There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits” The integrated concept of ‘profit’ making refers to the fact that our economy is treated as an ingredient of the social system and when integrated in society,...
Employees are required to have their share of autonomy at the workplace. The strategy of the employer to surpass the freedom of employees by conducting various tests to ascertain the possibility of drug use is an intrusion into the privacy of an individual. Employees are facing various assaults from employers...
Abstract This is an evaluation report of the Coca-Cola company’s social responsibility program. It starts with an introduction then gives a brief background of the company and then gives an evaluation report of the company’s social responsibility program. The paper then ends with a conclusion. Introduction When trying to understand...
Abstract Professional ethics is the responsibility linked to an occupation or profession. Individuals engaged in these economic activities have vital role of taking decisions over others. The professional code describes the techniques of using these powers. The codes propose guidelines for directing the values of profession. Learning ethical code does...
People expect companies not only to perform the traditional function of delivering goods and services to all people who are willing and able to pay for them but also to help society solve its problems. If a company’s involvement in social problems is seen as desirable, the organization is socially...
Introduction Ethical issues are significant to all types of research, as they can influence the outcomes of research, study results, or the dissemination of knowledge following a study. Ethical planning helps to avoid ethical issues in research, thus improving study design, as well as the validity and reliability of results....
Introduction This paper seeks to critically evaluate the statement that that there is only one social responsibility of business – to use its resources and engage in activities designed to increase profits. This paper will see the application of this statement in the experiences of some companies in the real...
Business ethics programs Business ethics programs are desirable since they help companies to put in place operational mechanisms that ensure that they work in line with the ethical standards of business operation. As observed in the case, the Nike Company has been on the limelight for the enhancement of unethical...
Introduction Business ethics refers to activities that a business organization gets accustomed to and follows strictly in the course of its activities. These regulate how the business interacts with its customers as well as the world at large. Some businesses get mainly concerned with money and pay minimal attention to...
Introduction The aspect of business ethics is one of the areas that require players in the business world to observe particular moral principles to facilitate the execution of actions that bear desirable outcomes. The notable ethical theories that businesses in the contemporary world observe include virtue theory, utilitarianism, and deontology....
Introduction It is imperative to note that the role of corporate social responsibility (CSR) is an interesting topic that has been actively discussed by scholars. Many companies have recognized that the focus on this approach is vital because of such issues as damage to the environment and others. The issue...
Definition CSR is defined as the corporate obligation to contribute to the betterment of society. The obligation encompasses quality improvement for the people and processes. The people are employees of the company, stakeholders, consumers, and the public. The processes are corporate processes and civil and social processes in society. The...
Abstract Corporate social responsibility has become one of the most important issues in the business strategies of the Global North. The European Union is currently working on the issues caused by the recent economic crisis, which has created negative impacts on the business and financial success of the corporations. The...
Ecology, sustainable development, managing environmental issues After reporting the unprecedented ecological challenges in the 21st century, the world community developed a new strategy of sustainable development for business and industry. The objectives of the programs of sustainable development include meeting the economical goals without sacrificing the natural resources on which...
Introduction Business plan is a written statement of what a group proposes to take up. It is a kind of guide frost or course of action what the group hopes to achieve in his business and how the members going to achieve it (Khanka, 2002, p.88). In the other words...
Introduction Corporate social responsibility encompasses corporate (citizenship and responsibility) and sustainability which are very crucial factors in the existence of a business. Therefore, it can be defined as the behavior of the business to the community. CSR leads to a lot of wealth being created in businesses and also the...
Introduction Ethical standards in business relate to the study of moral awareness, character, and conduct that are applicable to business firms and professionals. The main questions arising in ethical consideration are: what is right, proper, and just in its present context? These terms and questions are going to become more...
Abstract This research paper deals with business ethics in relation to information technology. Development in technology has outpaced present laws and companies have used their influence and prowess to do things that are not acceptable in the public domain. Thus this paper discusses the ethical and unethical business behavior with...
Introduction Due to high levels of competition and the presence of multiple challenges, the notion of business ethics has always been viewed rather suspiciously by most participants of economic and trade-related transactions. However, the idea of ethics and moral reprehensibility as an addition to legal agreements has been an important...
Introduction Business ethics is the art and discipline of applying ethical principles to examine and solve complex moral dilemmas. Business ethics asks, “What is right and wrong? good and bad?” in business transactions (William, 2007) Although no one “best” definition of business ethics exists, the consensus is that business ethics...
Fraud and white-collar crimes are common forms of crimes that people commit in various aspects and positions in the corporate world. Fraud and white-collar crimes have a similar meaning as they refer to the non-violent crimes that people commit with the basic objective of gaining money using illegal means. The...
Introduction Ethics is understood as the criteria applied when making decisions concerning to what is right and what is wrong or regarding to what is good or what is bad. It is considered as the standard for human behavior and moral judgment, this is scientific understanding of ethics; and businesswise,...
Introduction Organizations are established to achieve certain goals, and the achievement of these goals depends on the ability of all the stakeholders to develop strategies. To achieve goals, it is important that an organization should have ethical standards that should be aimed at achieving the goals. Ethics provide a guideline...
Introduction The introduction of corporate social responsibility (CSR) has significantly impacted the business world. For this reason, the given paper is devoted to the in-depth and comprehensive investigation of this practice, its influence of the modern society, and the future implementation of CSR regarding the development of companies and their...
Introduction The goal of any business organization is tantamount to maximize profit. Multinational enterprises are firms that stretch their operations to other countries. As per the moral standards, organizations ought to be responsible for their partners and the region in which they work. This persuasive paper will talk about the...
Introduction There has been a persistent debate concerning business ethics and corporate sustainability induced by the needs of the business community. The highly globalized, and the connected economy founded on the organized management of skills, set transformational patterns in momentum that increase the need for ethical and corporate sustainability (Moore...
An overview of business ethics and corporate social responsibility Business ethics entail the practice and considerations that ought to be incorporated in businesses as they seek to enhance their operations in the market. Business practices are often inclined toward increasing profits and reducing costs. In achieving this goal, firms engage...
Introduction Voluntary contributions to the development of society and addressing acute social topics are the significant aspects of the activities of modern business organizations. Many large companies are aware of the impact that they have, and their work involves not only making profits but also helping to solve pressing problems...
Introduction Many legal and ethical issues characterize the modern business environment. Particularly, many firms overlook the significance of adopting moral and ethical practices in their operations. I have worked with a mining multinational company in Africa. Throughout my employment period, the company’s main objective was to increase the value of...
Médecins Sans Frontières (Doctors without Borders) This multinational corporation is involved with offering of humanitarian services across the globe in disaster areas. The organization whose origin is in France has worldwide operations that span different borders of different countries. Given that the firm is a non-governmental humanitarian corporation, its main...
Is it ethical to sell a product that is, at best, only mildly effective? Desired quality and exact quantity are two important things that product manufacturers must always observe and maintain in their production strategies. A product that is mildly effective contrary to the perceptions and expectations of consumers is...
Every employee in an organization is obligated to observe professional ethics and conduct while in the place of work. The rights and welfare of employees must be protected at all times for them to carry out their duties and responsibilities without having to worry about any form of abuse (Boland,...
Introduction Over the years, the global society has developed standards that must be followed by companies operating in different parts of the world regarding ethical conduct. The concept of globalization has particularly influenced companies to act ethically through the development of corporate social responsibility programs aimed at ensuring that the...
Introduction For more than three centuries, companies have affirmed their role in creating strong economies for the advancement of human societies. However, people still doubt whether they have good intentions in addressing the political, economic, and social issues affecting societies in today’s globalized world (Vranceanu 2014; Hart & Zingales 2017)....
Introduction The case study of unethical hazardous practices by top management of industrial companies highlights the necessity to introduce stricter regulation and integration of corporate social responsibility (CSR) into the strategic decision-making of businesses. It is a challenging and complex discussion that requires an evaluation of concepts and causes of...
Introduction Corporate Social Responsibility (CSR) entails the efforts that are made by organizations in a bid to meet economic and social demands. This practice has raised international concern in the last decade. Numerous theorists have adopted several CSR definitions. At the outset, it is a practice that is defined by...
Abstract Business ethics is a significant field that has been studied for several decades. It features questionable topics, including the role of ethics in the decision-making process of organisations. This paper aims at addressing some of the issues related to business ethics on the example of McDonald’s, a large provider...
Abstract This study investigates the application of corporate social responsibility practices in China. Focus is made to understand the important role of the Chinese government, as an agent of the state, in promoting CSR practices in the country. Evidence showing the effectiveness of its policies in encouraging state and private...
Overview All businesses have an ethical obligation of being socially responsible as a way of appreciating their customers, employees, and shareholders. Corporate social responsibility initiatives by organizations play a crucial role in promoting sustainable development and achieving the common good across various communities. Socially responsible businesses hold a competitive advantage...
Business organisations should use their financial strengths to support every local community. A corporation should be ready to empower the immediate community for supporting its goals and objectives. Members of the community should be treated as essential stakeholders. Their needs, expectations, and problems should be taken seriously in order to...
Corporate Social Responsibility (CSR) has assumed great importance in management academia and practice. The integration of CSR initiatives with the business strategies and practices of the company has become extremely important for companies (Carroll 1999). A failure to include CSR into business practices adversely affects a company’s performance and stakeholder...
My Company For a long time I have been interested in consulting companies; that is why I have chosen one as an example. My company consults other organizations and helps them to enhance their current state. It offers a range of services for business promotion. We provide professional advice and...
Introduction The purpose of the current assignment is to outline the definition of corporate social responsibility (CSR) and explain its utmost importance for modern businesses from multiple points of view. The author is going to focus on Carroll’s CSR pyramid and explain the reasons behind following the pyramid. The key...
Overview This paper focuses on corporate social responsibility (CSR) and its implications for society and businesses across the globe. The literature review examines journal articles on the given topic to evaluate the importance and the effects of CSR strategies. The history of CSR presents a valuable insight into the development...
Overview Corporate social responsibility is an opportunity for business companies to improve their work, motivate people, and attract the attention of potential customers. It consists of certain rules and regulations that are also known as CSR standards that can be developed by reliable international organisations like the International Organisation for...
Introduction Attaining success in today’s highly globalized and volatile business environment requires corporations and organizations to apply strategies that guarantee stability, large customer bases, societal approval, and acceptance as well as attainment of competitive advantage. Corporate social responsibility (CSR) is one of the most common strategies applied by corporations to...
Business ethics has emerged as a useful field that guides corporations to engage in desirable practices. In the recent past, many people have become aware of the roles and responsibilities of companies towards supporting the needs of their stakeholders. This field has been studied by many professionals in order to...
Introduction Over the past two decades, there have been numerous cases of pharmaceutical companies engaging in unethical conduct regarding their marketing strategies, product safety, and intellectual property. It is apparent that some companies have been using compounding companies to market their products illegally, and to bypass the thorough scrutiny associated...
Abstract The organizational environment is significantly influenced by the behavior, attitudes, and practices of the employees. Notably, unethical behavior jeopardizes the realization of quality relationships in the organization thereby, undermining the level of productivity. For this reason, unethical behavior it the workplace including misuse of time and resources, abusive behavior,...
Introduction Any business entity has a prescribed code of conduct that it must follow. These prescribed codes of conduct are generally referred to as business ethics. Business ethics in turn are rooted in the corporate social responsibility of Business Corporation, which is a major commerce unity in the world today....
Introduction I would like to bring to your attention that the quality assurance department, during their routine testing of the above-named product noticed a defective whistle in the elementary toy batch that was to be delivered to the primary market and the elementary schools. “One metal whistle included in the...
Generally, international business environments present several ethical issues to managers. To survive, managers of international companies are compelled to come up with policies and standards that integrate the law, ethical business philosophies and cultural ideals. Ethically, managers are expected to make decisions by considering social setup in a local environment...
Executive Summary From the analysis of the corporate social responsibility of the Burgan Bank, one can say that the company is strongly committed to its CSR and has developed a wide range of policies and practices in order to bring effective change in the environment and the community in which...
Introduction This paper is based on the topic of business ethics and corporate social responsibility. It looks into the topic through analysis of a single company selected from the database of the world’s most ethical companies. Key issues which are discussed include how the company behaves in a socially responsible...
Introduction By the end of the 1970s, the most significant issue that came to light was caring for the environment and society. Although, there were volunteers within the society, yet a favorable response from the business community, in this regard, started coming in at the advent of the 1990s. Big...
Introduction Corporations exist to realize goals set by shareholders in a particular environment. Corporations must protect the environment for their survival. This is because, to realize such goals, corporations must interact with the environment in various ways that ensure their survival since environment provides such things like raw materials, land...
Abstract Ethics can be applied in any profession. Basically, ethics denote a set of laws or moral systems that provide a basis for discerning whether an action is correct or erroneous. Corporate social responsibility and ethical managements cannot operate independently. Rather, they work simultaneously and are incorporated into company values...
Summary The article I read is about business and society, approach to social responsibility, and ethics written by Thorne Ferrell. The article talks of the social responsibility framework and in detail focuses on the relationship a business has with the external environment. It describes the meaningful advantages and applications of...
Executive Summary This report aims at finding out whether practicing strong business ethics and good corporate social responsibility has an impact on business efficiency and employee satisfaction. These two concepts provide a coherent framework that is used to explore the relationships within the business and the communities in which they...
Introduction The concept of organizational culture has always been subjected to vigorous debate. Even though researchers and organizational leaders have all agreed that organizational culture exists and plays a determining role in the development of workplace behavior, there is a lack of agreement with regards to the definition of the...
Nowadays, workplace improvements play an important role in organizational development and growth. It is not enough to stay competitive or hire many people. It is necessary for companies to demonstrate appropriate attitudes and the abilities to develop strong and effective business relationships. In this paper, several important ethical aspects will...
Introduction Social responsibility and ethical appropriateness are frequently discussed themes in organizations worldwide. It is not enough for companies to be profitable tools that make money and follow laws, but it is required to stay responsible for citizenships who respect each other (Tai & Chuang 2014). All company’s actions and...
Introduction The concept of corporate social responsibility (CSR) is now common in multinational, regional, and local companies. To others, CSR is corporate citizenship or efforts toward sustainability developments and benefiting the community. The Coca-Cola Company (Coke) is one such multinational company with corporate social responsibility agenda in the countries in...
Abstract This study assesses the effect of Common Work Ethics (CWE) on two intertwined variables, namely job satisfaction and employee performance. Previous research has tackled this issue from a myriad of viewpoints and semantic differences using terminologies such as employee satisfaction or organizational performance or Business Ethics in place of...
Introduction Issues of ethics have been a significant concern within the workplace for decades. Adherence to ethics is paramount in the survival of every organization. Adherence to ethics contributes towards the improvement of business performance due to increment in the level of employee trust and commitment, high level of investor...
Good ethics and good business In the business environment, there are a series of ethics that define the moral obligations expected of the business actors. Business ethics are applied in the management and corporate social responsibility to ensure that the business is sustainable in the short and long term since...
CSR approaches and phases Introduction “Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model” (Wood, 1991). As Banerjee (2007) further explains, “CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical...
Introduction Business ethics is an indispensable aspect in the rise of any business enterprise because it has been an element within the business environment for a long time. The phenomenon is clearly defined by the way business interacts with ethics, thereby generating the problem statements and how to solve them....
Personal ethics Personal ethics refers to personal moral philosophy. These according to Aristotle (1987) are personal standards that guide the morality of an individual. Research indicates that most values are acquired during the earlier stages of life. In this case, children learn moral standards from their parents and their immediate...
Abstract Business ethics as a discipline has been the matter of discussion the most prominent researchers and philosophers, especially in the XX century. Apart from that, the business had not met the peak of globalization until the second half of the XX century, which is why by now the issues...
Introduction Human Resource Management (HRM) practices are subject to several ethical issues. While some of them are direct, other ethical dilemmas are unwritten and unspoken. This is why several regulations and institutions, such as the Equal Employment Opportunity Commission, govern the activities of HRM to make sure they comply with...
Coca-Cola is a beverage making company with a global presence. It began in 1919 after taking over operations from a Georgia company with a similar name. The company runs a network of company owned or controlled bottling and distribution centers around the world. At the same time, it has a...
Introduction Beliefs, which try to define what is right or what is wrong, have emerged in social circles. However, ethical behaviours are observed in individuals’ attitudes towards others. Business ethics concern workers’ behaviour in their workplaces. Essentially, personal ethics concern behaviours that are believed to be good or bad when...
Introduction The Internet has brought so many benefits with it, including the ability to communicate instantly with the rest of the world at the click of a button. Many people have been able to trace their long lost friends through the social networking sites such as Facebook. This site has...
The moral is the thing which distinguishes human beings from animals. With the development of society, people created new principles, whose main aim was to control the behavior of a person in the community and coordinate his actions. That is why it is not surprising that the issue of moral...
Introduction White collar crime refers to the peaceful offense committed with the intention of gaining unlawful monetary benefits. There are several white collar crimes that can be committed. They include extortion, insider trading, money laundering, racketeering, securities fraud, and tax evasion. Enron Company was an American based energy company. It...
Introduction Corporate Social Responsibility (CSR) is one of the components of business practices that generate significant value to the firm. In fact, most firms illustrate the importance they attach to the practice due to its ability in value creation. While some studies indicate varying results on the relationship between CSR...
Introduction Mellow Monk attempts to demonstrate business ethics in the tea industry to be successful as an international organization. Through the application of a developed ethics program, the company goes on to develop so that it can meet the evolving ethical issues in the business setting. Through understanding the present...
Business ethics involves choices and judgments about acceptable standards and principles of conduct that guide behavior of individuals and groups. Basic standards of business ethics are codified as laws and regulations to encourage organizations to conform to society’s expectations of business conduct. Business ethics requires individuals and organizations to accept...
Introduction The term ‘Business Ethics’ refers to certain decent standards that guide the business and corporate behaviors to ensure an organization achieves its objectives. Just as there are standards and guidelines that determine the actions of a person, there are also standards that determine how a business or company should...
The difference between moral issues and ethical issues is subtle, as the term moral refers to issues that influence the character of an individual while ethics is used with regard to the social system in which the morals are implemented. This implies that the code of behaviour expected of a...
Introduction The success of any organization depends on the set of moral aspects of governance and conduct that influence the operations of the firm. In other words, business organizations should embrace the application of well-founded principles of right and wrong that stipulate the employees’ obligations and benefits to the community...
Introduction According to Ahner (2007), business ethics is described as the set of behaviors that a business observes while conducting its operations. Business ethics and morality consider how a business interacts with its clients. The two virtues influence companies, other business entities, government organs, and other organizations. Although a considerable...
Wheelen and Hunger (2007) argue that when an organization is faced with difficult decisions, it should recognize that the decision-making process does not only affect the company and the employees, but it also affects the company’s stakeholders, and the public. The decision arrived at should cater for the interest of...
Executive Summary When advancing businesses or projects, it is important not to forget the consequences of the proposed project. This is because there are impacts, either on the environment or on individual lives or a community, that are caused by every endeavour. Construction of the Wonthaggi Desalination Plant (WDP) is...
Some of the core ethical and social responsibility issues presented by BP’s behaviour During the investigation, it emerged that BP engineers were in a hurry to reduce costs and delay. In addition, they had also cut corners on good design, safety features, and safety tests. Obviously, the company failed to...
Introduction Technology influences interaction between people in the workplace. For instance, social media enables employees to exchange information via chartrooms. Although social media makes people more productive in the workplace, the paper confirms that it is often associated with various ethical issues that have to be addressed to maximize employee...
Introduction Every company has a code of conduct that governs the operations in one way, or another. In fact, each company shares its values and rules to gauge the behavior of all employees. Scholars and non-scholars define ethical compliance as due diligence and the promotion of organizational culture, which encourages...
Background of the company The Louis Vuitton is a multinational company based in France that was founded in 1854. The company is a renowned fashion house dealing with products such as sunglasses, fragrances, cosmetics, fashion apparel, and cloth distribution. Over the years, the company has spread its business activities across...
Abstract This paper explores the notions of business ethics and responsibility. The concepts of ethics and legislation are studied and compared. The ideas of business ethics and corporate social responsibility (CSR) are discussed; the key notions of business law, including business torts and employment legislation, are considered. The specific difficulties...
