...surroundings and the society takes advantage. Difficult is that ethical matters are based on individual principles and ideals. Resultantly, ethical matters are not easy to put into effect and easy to overlook. Corporate social responsibility (CSR) is rapidly becoming one of the principles on which modern business is built (Hancock, 2004). Areas can be identified were improvements should be made, and use it for strategies in future business plans. CSR refers to the economic, legal, ethical and discretionary responsibilities (Carroll & Buchholtz, 2000; Swanson, 1995). The organisations are furthermore faced up to social demands for which they are likely to show responsibility for. Following the organisation can respond in different ways. The different types of responding to the social demand are obstructive, defensive, accommodative or proactive (Carroll & Gatewood, 1981). Within this essay it will be examined how these CSR principles were / are utilized in the service business McDonald’s. For evaluating the social performance of McDonald’s there will be a closer look at the ethical & discretionary responsibilities and the responses proactive & accommodative. Finally it will be examined how to improve the social responsibility of McDonald’s by using the tools code of ethics and ethical structures. McDonald’s opened its first Bar-B-Que restaurant in 1940 by the two brothers Richard and Maurice McDonald in San Bernadino, California. It has grown quickly and opened the 100th restaurant...
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...Global Peter Drucker Challenge Essay Contest Social Responsibility and Managerial Ethics A Focus on MNCs Prepared by: Kidus G.Mehalu Addis Ababa, Ethiopia August 2011 Social Responsibility and Ethics of MNCs The 2nd Peter Drucker’s Challenge Social Responsibility and Managerial Ethics -A Focus on MNCs . 1.1 Introductory Remarks Managers today are usually quite sensitive to issues of social responsibility and ethical behavior because of pressures from the public, interest groups, legal and governmental concerns, and media coverage. It is less clear where to draw the line between socially responsible behavior and the corporation’s other concerns, or between the conflicting expectations of ethical behavior among different countries. This essay on social responsibility and ethics set externally to international managers and thus in a sense outside their realm of control, is the expectation of appropriate behavior. This behavior is measured both in terms of social responsibility of the organization as such, as well as ethical behavior of individual managers. In addition to these expectations there is an onus on organizations and managers alike to manage the relationship with the host country. Having noted this, I shall now move on to the main issues this essay has set out to address in the following manner: 1.2 Global Interdependence Global interdependence is a compelling dimension of the global business environment, creating demands on international managers to take...
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...Writing for Students FREE SAMPLE ESSAYS, RESEARCH PAPER EXAMPLES, TERM PAPERS, EXAMPLE DISSERTATIONS, WRITING TIPS AND WRITING GUIDELINES FOR HIGH SCHOOL, COLLEGE AND UNIVERSITY STUDENTS. HERE YOU CAN ALSO FIND INFORMATION ABOUT CUSTOM WRITING SERVICES AT WHICH YOU CAN BUY CUSTOM WRITTEN PAPERS ONLINE. FRIDAY, FEBRUARY 19, 2010 Essay on Business Ethics http://writing4students.blogspot.inhttp://writing4students.blogspot.in Essay on Business Ethics Business ethics represents all the principles and standards that guide behaviour in the world of business. Therefore, all this set of principles applies in any of the fields of business (marketing, finance…) and people inevitably face ethical decisions in their every day working lives. The aim is to make every employee adhere to these standards because obviously, it is more profitable for a company to be ethical in business. But, as ethical issues are linked to decision-making, how can all decisions be ethical and above all whose responsibility is it? Therefore, we could wonder if business ethics is a personal responsibility or a group responsibility. We are going to divide this essay into two parts, the thesis and the antithesis, in order to determine whether or not business ethics is a personal responsibility. We can write a custom essay on Business Ethics for you! Values are very important as they are the core of our culture. However, people tend to separate ethics in business and in personal life even if both are...
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...Ethics In Human Resource Management Alisha Wood Saint Augustine’s University Ethics and Human Resource Management Wikipedia, defines ethics as: "…a study of values and customs of a person or a group. It covers the analysis and employment ofconcepts such as right and wrong, good and evil, and responsibility." Wikipedia, defines utilitarianism as: “…ethical doctrine of greatest good. The ethical doctrine that the greatest happiness of the greatest number should be the criterion of the virtue of action The complexities of business and our human/social society makes corporate ethics a very interesting study. To a practicing manager in the working world today, this becomes critically important, especially if they don’t get it! And many obviously have not and still do not. The questions are really simple to ask - yet hard to answer: What does good business today really mean? What does ethics have to do, if anything, with good business? What impact can the human resource function have on either? Within business, what is my responsibility as a human resource professional? Corporate social responsibility (CSR) is known as one of the areas that has drawn many attentions in the business environment over the last twenty years. Carroll (1991) argued that corporation should be addressed not only from economic and legal perspectives but also from ethical and philanthropic perspectives; the idea of CSR’s pyramid is then derived. Furthermore, the efficiency theory...
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...Social Responsibility The benefits and suggestions to adopt CSR The essay will discuss the topic of social responsibility. It will explain the how companies in controversial industry sectors maintain reasonable, socially responsible standards whilst making their strategic decision, and present what benefits they can gain from them. Throughout this essay, empirical research and examples from academic literature will be described to substantiate the discussion. This essay uses the definition of corporate social responsibility used by Enz (2010) conceptualizing CSR as‘ CSR is concerned with the integration of environmental, social, economic and ethical considerations into business strategies and practices’. It is generally believed that social responsibility plays more and more important role in organization. Firms with good social responsibility may attract better employees and raise current employee’s loyalty, commitment and motivation to the company. A sociallly responsible company can act ethically and be willing to improve society. There are four types of corporate social responsibility: the economic responsibility , the legal responsibility, the moral commitment and the discretionary responsibility. (Enz 2010) Economic responsibility means that the company has the duty to be profitable and productive and meet the consumer demands of society. Legal responsibility, such as the achievement of economic goals within the limitation of written law. Moral commitment observed by unwritten...
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...justified? Milton Friedman vs. Thomas Mulligan Social responsibility, business, shareholders, taxation, executive branches and socialism are not common words that we use in our daily routine life, unless you are in a business or administration scopes. Also, you may not aware about who is Milton Friedman, and why Thomas Mulligan has strong oppositions toward him. In this essay you are going to read a comparison of two different arguments by Thomas Mulligan and Milton Friedman. Their contentions are about corporate social responsibilities. What are responsibilities for executives and companies? Do they have to fulfill them or not? Are social responsibilities only for individuals? Wikipedia defines Social Responsibility as “an ethical framework which suggests that an entity, be it an organization or individual.” It means it is not only obligated for individuals or just companies. However, Milton Friedman doesn’t think so; and Thomas Mulligan has strong arguments against Friedman’s. Milton Friedman is an American economist that received Nobel Memorial Prize in Economic Sciences. He has lots of theories and doctrines about monetary policy, taxation and socialism. One and the most popular of his article published in New York Times Magazine at September 13, 1970. In his article, he approached to social responsibility of companies’ and stakeholders’. Briefly, he stands behind the view that "There is one and only one social responsibility of business to increase its profits." (Friedman...
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...Rheolaeth Business Ethics and Social Responsibility SBUS6003 October 2015 – Term 5 February 2016 – Term 6 SBUS6003 Business Ethics and Social Responsibility MODULE CODE: TITLE: DATED: SBUS6003 Business Ethics and Social Responsibility 02/06/2011 LEVEL: CREDITS: 6 20 TEACHING METHODS: Lectures Workshops Independent Study JACS CODE: N200 8% 16% 76% AIM(S) • To introduce students to the particular problems and opportunities experienced in adopting or ignoring corporate social responsibility. • To develop students’ understanding of the relationship between business ethics and management decision making • To develop students understanding of sustainable business issues and how they can be managed, promoted and developed in a business context. LEARNING OUTCOMES By the end of this module students should be able to: • critically evaluate the tipple bottom line of sustainability as a key goal for business ethics; • critically evaluate the role of ethical theory in decision making in business. • critically appraise stakeholder expectation and its relationship with corporate governance and social responsibility; • research and critically analyse ethical challenges in different organisations; • investigate and critically evaluate an organisation’s management of corporate social responsibility. CONTENT • Environmental orientation and the three main goals of sustainable development; Social, economic and environmental...
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...Critical Analysis: "The Social Responsibility of Busine Critical Analysis of "The Social Responsibility of Business" from Milton Friedman In this essay I evaluate Milton Friedman’s essay: “The Social Responsibility of Business Is to Increase Its Profits” in 1970, on the Social Responsibility of a business and his theory, which is called the “Efficiency Perspective”. In every article and book that I have read about social responsibility, Friedman’s “Efficiency Perspective is placed centrally. During my research I found that Friedman is often criticised for being too classical. Friedman believes that manager’s foremost objective or even moral obligation to the firm should be to maximise profits always. There is however one condition that makes his perspective more complicated, not only for me, but also for several well-known authors. According to Friedman, the managers obligations should be carried out: “…while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom”. This leads to one of the main questions of my essay: To what extent does Friedman’s “Efficiency Perspective” give foundation for responsible and moral international management behaviour? And need we any concern if it fails to do so? To fully answer the questions, I first need to explain the two different parts of the first question: responsible international management behaviour and moral international management behaviour. In businesses nowadays they...
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...The presence of qualities showing high ethics in a person is often termed as morality. Most of the times the term moral are associated with the lesson one learns from the society. The beliefs which he adheres to in his day to day professional as well as personal dealings are morals while ethics are the codes or standards of conduct expected by the group to which the individual belongs. These principles and values provide a correct evaluation of his ideas and the way he looks towards the problems of the society as a whole. Nowadays, with the advancement in technology and modernization in a society like India ethics and morals have become buzz words with many educational institutes starting their own courses in ethics development. WAT Topic for MBA Admission 2014 | WAT Topic for MBA: Indo-US relations; how much beneficial for India WAT Topic for MBA: FDI in multi brand retail is a boon or bane WAT Topic for MBA: Is ASEAN a defunct Group WAT Topic for MBA: 12 days left for XAT Essay writing; fasten your belts XAT 2014 Essay Writing and WAT in IIMs: Role, Importance and Weightage XAT 2014 & WAT: Know 10 Important Don'ts for Essay writing XAT 2014: 8 key points for effective Essay Writing Click for more WAT topics for MBA Society: The best teacher of ethics and morality The set of values that a society always keeps in mind are morals and ethics which are always supposed to be adhered to. They include a prescriptive code of conduct and don’t merely describe a state...
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...PharmaCare was an upcoming established company well renowned for ethics and high quality products. The company even started a new initiative to go green and become environmentally friendly. During their honeymoon period they were believed to enhance the quality of life around the world. PharmaCARE thrived on research and capitalized on a new breakthrough of a diabetes drug that would help slow down the terrible infringement of Alzheimer’s. Over the course of a few years, PharmaCARE set up a sister company called CompCARE to be the compounding pharmacy to manufacture this new drug AD23. It became a mass hysteria to get this drug which pushed CompCARE into methods outside the scope of what a compounding pharmacy is authorized to do. Unfortunately all business practices began to push the limits, ethics were questioned, and in the end resulted in over 200 cardiac related deaths to this drug AD23. This is basically the rise and fall of PharmaCARE and how a corporation’s greed killed the hopes and dreams of many who hoped for AD23 to be a sign from god. Ethics and Corporate Responsibility in the Work Place and the World provides insight on who the stakeholders of an organization are and who takes on the overall responsibilities of the organization. The importance of the decisions made by mid-level management are discussed and answered. The ability to make changes to support a more ethical work environment. The ability to improve operations and turn a profit are explained by...
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...consequences, and the individual vs. the collective (Kidder 1995, p. 18; Stacks & Wright 1989, pp. 53-67). Public relations practitioners, by nature of their position and job responsibilities, are often in a crossroad of a range of competing interests. Often, the tension may be between the practitioner’s own values and the culture of the organization. In other cases, it may be a conflict between the practitioner’s professional code of ethics and organizational norms and expectations. In yet other circumstances, they may be faced with competing interests between the organization and its various publics. At the very least, practitioners will frequently confront contradictions between business demands for economic performance and public expectations for ethical conduct. Concerns over these competing responsibilities and the ethical dilemmas they produce for public relations are the subject of this essay. In it, a range of challenges faced by public relations practitioners related to issues of ethics and corporate social responsibility (CSR) are explored. It is argued that CSR has, in many respects, altered the expectations and demands placed on the profession. As a profession, public relations have a long and contested relationship with ethics and more recently with corporate social responsibility (McBride 1989, pp. 5-20). Nevertheless, public relations has been regarded as a young profession that lacks core principles to guide ethical, responsible practices that cut...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Home Page » Business and Management Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength In: Business and Management Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength Business Ethics: Case Study 2: Starbucks’ Mission: Social Responsibility and Brand Strength 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbucks has been so concerned with social responsibility because of the reduce its Eco-friendly mark and as became tangled with the community. Also it is important to the corporate because of its ethical corporate should improve in the stretched period of time. Consumers’ feels worthy about conveying business to social responsible companies and the organisation’ impression are good about working there and makes organisation provide much better consumer service. 2. Is Starbucks unique in being able to provide a high level of benefits to its employees? Starbucks is irreplaceable in actually able to offer a high level of benefits to its organisation. Many businesses do not deliver organisation with many profits. Starbucks understands how important its organisation is and that they are the face of the corporate. Happy organisation creates good consumer...
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...o Corporate Responsibility and Marketing Strategies BUS508 Contemporary Business Spring Smith July 19, 2015 Ann Sams In this essay it will discuss Apple’s current position about social and ethical responsibilities of the company. The essay will list at least two examples to support the statement. The essay will discuss impacts about the publication of ethics and social violations made by the Company suppliers and it will also have a support response of an example. The essay will continue to determine two methods the company can utilize to make sure that the suppliers adhere benefits and wages will go forward. The essay will determine if customers would be willing to pay more if the Company increases the prices to better benefits and wages for suppliers’ workers. The last topic on the essay will discuss Apple’s overall strategy, and it will list two actions the Company can take to exceed competitive advantage in the business. Apple’s ethics and corporate social authority are at the highest levels for the company and consumers. Apple are faced with different questions from their consumers and stockholders regarding Apple’s ethical and social authority (Munson, 2014). Apple ethics includes anything from how they advertise to the way they hire. Apple depends on their employees who represent the company and on their customers, to represent a trustful image that is together with objectives and goals in the company. Apple’s position on their ethical and social responsibilities...
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...Ethics and Corporate Governance: Corporate Social Responsibility Contents Introduction 2 Definition of Ethics 2 Definition of Corporate Social Responsibility (CSR) 2 History of Ethics 2 Socrates 2 Plato 2 Aristotle 2 Cynics 2 Cyrenaics 2 Business Ethics 2 Nike 2 McDonalds 2 Enron 2 Wal-Mart 2 Why Business Ethics is Necessary 2 Conclusion 2 Bibliography 2 Introduction This assignment is a brief over view of ethics in the modern day era. It begins with a definition of ethics, followed by a concise explanation of corporate social responsibility. Ethics has evolved over a number of decades and still is to this day, with that a short history of ethics will be demonstrated in this assignment. Ethics determines whether or not a company has good or bad morale. Unfortunately a company that holds excellent ethics are not highlighted in the media as a company that has bad ethics. In this essay will illustrate examples of how large national and international companies came to have bad ethics. To conclude this assignment will be a brief outlay of why ethics is necessary to the business environment in this day and age. Definition of Ethics Ethics can be defined at vital concepts and essential principles of moral human conduct. It consists of the study of universal ethics such as the essential parity of all men and women, natural or human rights, compliance to the law of land, concern for health and safety and, progressively more, for the natural environment...
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...and CEO Eddy Groves, ABC Learning continued to grow, by opening new centres and the acquisitions of competitors both locally and internationally. The company experienced a significant drop in their share price in 2008. Trading in the company shares was suspended in early 2008, closely followed by the company going into receivership in November of 2008. This essay will examine ABC Learning and assess the impact of the company’s corporate social responsibility policy or lack thereof and how this contributed to their spectacular collapse. Particular attention will be concentrating on the ethical internal running of the company’s corporate structure and executive leadership, focussing in particular on Eddy Groves’ poor decision making, creative accounting and resulting organisational culture. Dahlberg & Moss (2005) claim that ethics is a practical matter which involves thinking about every day actions and decisions either individually or collectively and then responding with respect for all concerned. When values underpin our responses and choices, ethics is at work. In some instances our decision making can be hindered because there can be different solutions or responses to a situation. Each of which may seem appropriate. We call these situations ethical dilemmas, and they may require considerable negotiations by all concerned to achieve an ethical outcome. [pic] Figure 1 - Kohlberg's Simplified Model Using Kohlberg’s theory (figure 1)...
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