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...
