...The four main dimensions of corporate responsibility For CSR to be accepted by a conscientious business person, it should be framed in such a way that the entire range of business responsibilities is embraced. It is suggested here that four kinds of social responsibilities constitute CSR; Economic, Legal, Ethical and Philanthropic. These four categories or components of CSR are commonly depicted as a pyramid . Economic Responsibilities A company's first responsibility is its economical responsibility. As such, its principal role is to produce goods and services that consumers needed and wanted and to make an acceptable profit in the process. A company needs to be primarily concerned with turning a profit. This is for the simple fact that if a company does not make money, it cannot stay afloat, employees will lose jobs and the company will be unable to take care of its social responsibilities. At some point the idea of the profit motive got transformed into a notion of maximum profits, and this has been an enduring value ever since. All other business responsibilities are predicated upon the economic responsibility of the firm, because without it the others become moot considerations. The table below shows the components of economical responsibilities | Components of Economical responsibility | 1. | It is important to perform in a manner consistent with maximizing earnings per share | 2. | It is important to be committed to being as profitable as possible | 3. | It is important...
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...Ethical and Legal Issues Ethical and Legal Issues Faced with ethical and legal decisions on a daily basis, nurses must at times make some pretty tough decisions including how to proceed with care for an incapacitated patient with no advanced directive or how to proceed when called upon to testify against a current employer. The American Nurses Association Code of Nursing Ethics is one of the main tools available for the nurse to utilize when it comes to making these tough decisions. The nurse may apply personal values as well as societal values to these cases in order to come to a sound, ethical decision. The legal aspects of each of these cases can have a profound effect on the continuing career of the nurse, a thorough evaluation is necessary to protect all involved. Finally, the nurse also carries a legal responsibility to her profession, workplace, patients, and self. Ethical and legal decision-making are complex but after a thorough assessment, the nurse can continue to make an ethically and legally sound judgment on how to proceed. Influence of the ANA Code of Nursing Ethics The ANA Code of Nursing Ethics is the first reference when deciding how to proceed with an incapacitated patient who has no advanced directive or how a nurse should react when called upon to testify against an employer in a negligence or malpractice case. This code, designed to assist the nurse in maintaining his or her ethical integrity as well as protect the nurse...
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...Company Q has an attitude that is very focused on their economic responsibility. The report of two stores being closed because of their consistent money loss points to a concern about economic responsibility. This is a move that benefits the company financially as a whole. If there are no stores losing money, the company becomes more profitable. This allows for employees to have more job stability and for the company to potentially expand into other regions that will be profitable. Economic responsibility is one of the most important responsibilities that a company has. If they are irresponsible with their finances, they will be unable to stay in business. Company Q is also unwilling to donate day old merchandise because of a risk of lost revenue from fraud also demonstrates a focus on the economic responsibility of the company. Economic responsibility is oftentimes in conflict with ethical and philanthropic responsibility and such a focus on economic responsibility may hint that there will be a low level of those types of responsibility. Legal The legal responsibilities have been adequately met by Company Q. The given does not indicate that they are breaking any laws. Legal responsibility requires that a company follows all laws that are laid out by the local, state, and federal governments. Company Q does not seem to have an attitude that is out of line with their legal responsibilities. Ethical Ethical responsibility deals with whether or not a company does what is right by...
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...Ethical and Legal Responsibility of an Organization Chadwick Slaughter Walden University The issue of public policy has changed dramatically over the years and the privacy of consumers has received considerable attention. The evolution of the Internet has produced a number of diverse concerns regarding the issue of confronting consumer protection for both international and domestic consumer privacy. High profile organizations are exposed to many breaches of personal information and puts these particular organizations are at risk of reputational damage and understanding the scope of an organization’s responsibilities for information security professionals is an absolutely essential. IT security professionals play an important roles managing liability for privacy and security risks for an organization in today’s world where hefty reparations can be bestowed to plaintiffs who place lawsuits upon organizations. Damages can range from big to small and can sometimes be retaliatory. Minimizing liability and reduce risks for an organization from physical and electronic threats can be a daunting task for information security specialists. This specialist must thoroughly comprehend the current legal environment, regulations, laws, and stay current with emerging issues regarding the responsibility of securing not only the companies’ vital information, but also consumers and users alike. An organizations responsibility to educate all employees all obligations and the proper use of...
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...CHAPTER 3 ♦ ETHICAL BEHAVIOR AND SOCIAL RESPONSIBILITY ♦ Ethical Behavior- is that which is accepted as “good” and “right” as opposed to “bad” or “wrong” in the context of the governing moral code. Laws and Values as Determinate of Ethical Behavior * Personal Values- the underlying beliefs and attitudes that help determine individual behavior. * Terminal Values- are preference about desired ends, such as the goal’s one strives to achieve in life. Ex. Self-respect, family security, freedom and happiness. * Instrumental Values- preferences regarding the means for accomplishing these ends. Ex. Honesty, ambition, imagination, and self-discipline. Alternative Views of Ethics Four views of Ethical Behavior: ♦ Utilitarian View- considers ethical behavior to be that which delivers the greatest good to the greatest number of people. ♦ Individualism View- is based on the belief that one’s primary commitment is to the long-term advancement of self-interests. ♦ Moral Rights View- it is which respects and protects the fundamental rights of people. ♦ Justice View- it is based on the belief that ethical decisions treat people impartially and fairly, according to legal rules and standards. • Procedural Justice • Distributive Justice • Commutative Justice • Interactional Justice Cultural Issues in Ethical Behavior Cultural Relativism- belief that is no one rights way to behave and that ethical behavior is always determined by the cultural context. Universalism- suggests ethical standards...
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...Social Responsibility: Toward the Moral Management of Organizational Stakeholders, Business Horizons, July-August 1991 For the better part of 30 years now, corporate executives have struggled with the issue of the firm’s responsibility to its society. Early on it was argued by some that the corporation' sole responsibility was to provide a maximum financial return to s shareholders. It became quickly apparent to everyone, however, that this pursuit of financial gain had to rake place within the laws of the land. Though social activist groups and others throughout the 1960s advocated a broader notion of corporate responsibility, it was not until the significant social legislation of the early 1970s that this message became indelibly clear as a result of the creation of the Environmental Protection Agency (EPA), the Equal Employment Opportunity Commission (EEOC). the Occupational Safety and Health Administration (OSHA), and the Consumer Product Safety" Commission (CPSC). These new governmental bodies established that national public policy now officially recognized the environment. employees, and consumers to be significant and legitimate stakeholders of business. From that time on, corporate executives have had to wrestle with how they balance their commitments to the corporation' owners with their s obligations to an ever-broadening group of stakeholders who claim both legal and ethical rights. This article will explore the nature of corporate social responsibility (CSR) with...
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...role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics in Strategic Plans When developing a strategic plan with social responsibility in mind, organizations have two separate viewpoints. One view is of Milton Friedman’s with a laissez-faire approach. This approach was a popular viewpoint in from his first publication in the 1950’s and was an economic advisor to Ronald Reagan, and is one of the most influential economists of the 20th Century. Friedman’s theory is that corporations should only act in the best interests of their shareholders. To do otherwise is actually counter-productive to the organization and the overall economy. An example is corporations heavily investing in the neighborhoods in which they operate. Freedman would argue that investment takes money away from the shareholders, or reinvestment into the organization, and is counter-productive to the overall success of the organization. Freedman would also argue what is bad for the success of the organization is also negatively affects the overall economy both locally and the macro level. The money invested in the organization could go to shareholders who in turn would invest into the economy on a larger scale and ultimately help the same neighborhoods, people, and stakeholders of the organization. Archie Carroll takes the stand that besides owing the shareholders; four specific responsibilities exist of corporations, and...
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...The Responsibility Project – No Phone Zone Day In every community members, has a responsibility. One of the most important responsibilities is social responsibility because it requires of us to make a difference. The issue in the video is using the cell phone while driving. Use of a cell phone while driving is an organizational issue because it disrupts the justice system and results in many victims. According to the No Phone Zone video an estimated 812,000 drivers use mobile devices while driving, one out of three teen drivers admit to texting while driving, 5,870 people lost their lives and 515,000 people were hurt because of distracted drivers (2010). This growing ethical issue has compelled people to take a stand on April 30, 2010 to form an awareness day called No Phone Zone Day (No Phone Zone Day, 2010). Not only is driving while using a cell phone an ethical issue, it is currently a legal issue as well in many states. Using ethical principles to address organizational issues Ethical principles can help to address organizational issues through awareness and support. The ethical principle in the No Phone Zone Day video is how to be socially responsible (Liberty Mutual, 2011). . Even though this issue has become more of a legal issue, law enforcement officials cannot minimize the incident on their own. They need help from outside forces such as politicians and community members to create awareness. People are less likely to break the law or a legal code if...
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...Southern New Hampshire University Muad Elmuntasar OL- 690 Definition of Corporate Social Responsibility October 2, 2012 Pr. Katrina Kerr The definition of corporate social responsibility Introduction The corporate social responsibility ( CSR) seems to be came in the beginning of the millennium after so many wrong actions in past decades. May be, after the shock of scandals business such as Enron, WorldCom and Parmalat, also with the effect of weather change on the environment, all in consider have make many companies and organizations to rethink about their responsibilities towards their customers and stakeholders. Nowadays, business suggested that CSR is a normative, has different levels of concepts, which definition depends on many different of views and relationships, and changes in response to social directions (Silberhorn & Warren, 2007) . This study will examine how CSR is defined from different perspectives. There are different businesses see CSR from different concepts, they have their own trends. By looking at statement of missions of large companies publish on their web sites, we will find it explores their social responsibility and there view for their nation. Some businesses see CSR is about making profit. Unlike others businesses, attempt to do more than to make a profit (Struijk, 2012). Despite the fact that the main responsibility of a firm is to make a profit, in order to provide a product or excellent service that people are looking for. For...
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...Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations take to limit legal responsibility in ethical matters that include; hiring of undocumented workers, strategies such as breach and pay, document retention, and rewriting policy on employees instead of treating them with dignity and respect. The paper discusses the viewpoint of ethical responsibilities with primary stakeholders in mind. The primary stakeholders for consideration in this paper would be employees, consumers, managers, and CEO’s. This paper argues corporate strategies such as breach and pay, document retention, and hiring of undocumented workers is unethical. Corporate strategies of this sort are unethical and consumers should align the purchases of goods and services with companies that participate in corporate social responsibility. BUSINESS ETHICS AND CORPORATE STRATEGY Table of Contents Abstract……………………………………………………………………………………ii Table of Contents…………………………………………………………………………iii Introduction…………………………………..…...……………………………………….1 Background……………….…………………...………………………………………...1-2 Analysis..……………………………..……..…………………………………………...
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...The Responsibility Project Ethical principles are something that can address any organizations issues. How to use these ethical principles are what we will address in this article. From the website “The Responsibility Project”, we will see how ethical principles are important in any organization, and how they can shape and change them. From the website, we will be reviewing the film “Good Vibrations”. Why are the issues in the film important? Good Vibrations is an animated tale all about a community’s responsibility, and the cost to be complacent. Although the film is more about a community’s responsibility, the issues addressed within the film are the same within organizations and communities just the same. The film showed an entire building of employees who would laugh at helpless individuals who were being injured as they tripped on a loose brick on the outside sidewalk. Finally, an employee opens a window to shout out a warning to an elderly man who was about to encounter the loose brick. The employee then proceeds to place a caution sign near the brick to prevent other people from getting hurt. A person with morals could say that the problem in this film is the laziness or failure of the entire building of people to prevent the accidents from happening. Instead, they find it more amusing to let people be hurt for their own pleasure. Many organizations are faced everyday with the same personality types each day. On the same level, there are people who know this behavior...
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...Administrative Ethics When it comes down to ethical issues involving administration, some aspects always seem to be overlooked. On May 17, 2011, Ricardo Alonzo-Zaldivar wrote an article for azcentral.com relating to the vulnerability of electronic medical records and its effects on patient privacy. In this document I will be discussing the issue on patient privacy and confidentiality. I will be touching base on the population it affects, arguments used within this article that support electronic medical records, ethical and legal issues involved. Along with the issues I will be discussing the managerial responsibilities and proposed solutions that may help in maintaining patient privacy under regulation that are being proposed within this article. The issue on patient privacy is nothing new and out of the ordinary within the health care field. According to the American Medical Association’s (AMA) Council on Ethical and Judicial Affairs the main purpose of a healthcare professional’s ethical duty is to maintain patient confidentiality and to allow the patient to be able to make a truthful disclosure of their personal information to the physician placing their trust that the physician will protect the confidential nature of the information disclosed. Unfortunately, physicians cannot entirely control the access to electronic medical records. If patients distrust and have the anxiety that their medical records will not be private, they might tend to tell their doctors less, or...
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...Ethics Behavior and Social Responsibility International Accounting Member of Group : 1. Rahmawati Yulistya C1I015026 2. Muhamad Ilham Akbar C1I015012 3. Astria Wulan P C1I015013 4. Siffa Sandi Sasmita C1I015025 5. Cita Husna Raisya C1I015026 6. Wulan Nilam Sari C1I015031 7. Karina Aprilia W C1I015037 8. Riyan Ardiyana C1I015043 Jenderal Soedirman University Faculty of Economics and Business I. Introduction I. Background Ethics Behavior and Social Responsibility Ethical behavior is that which is morally accepted as “good” and “right”. And opposed to “bad” and “wrong”. Social responsibility is a moral principle of an entity, be it an organization or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act. Organizations can manage ethics in their workplaces by establishing an ethics management program. Brian Schrag, Executive Secretary of the Association for Practical and Professional Ethics, clarifies. “Typically, ethics programs convey corporate values...
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...decision it is important to evaluate the impact of the ethical consequences toward the company and the stakeholders. Often a company will make a strategic plan based on profit; however, social responsibility looks outside of profits and determines the effects on all stakeholders including customers, environment, and society. In addition, the strategic decision should also be based on the code of ethics set forth by the organization. Furthermore, when determining the development of a strategic plan, the organization may either use the views of Milton Friedman or Archie Carroll (Wheelen, 2010). Two Views of Social Responsibility Milton Friedman and Archie Carroll have two opposing opinions of social responsibility. Both opinions evaluate the effect a company invests in the environment or society to the effect of the shareholders dividends and investments. Milton Freidman suggests that the main view of the organization is to make money for the organization’s shareholders. Freidman views by investing in trivial projects that helps the environment and society, the company is taking away money owed to its shareholders. In addition, Freidman argues by not investing in society responsibility, the company can keep the prices on its products and services to a minimum which will result in more business transactions. Archie Carroll’s view is the opposite. Carroll suggests when an organization invests in society responsibility it will build a positive reputation within the society...
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...Ethical and Legal Issues in Nursing NUR/391 July 28, 2013 Mary Nicks, MSN, RN Ethical and Legal Issues in Nursing In this paper ethical and legal issues will be reviewed concerning the decisions and responsibilities of the nurse in the case of Marianne who has had a stroke and the decisions that the family is facing for treatment or end of life care. The legal and ethical issues in a malpractice case that occurred several years ago and the responsibility of the nurse to her employer, the nurse being sued, the client in question, and the institution’s client will be reviewed. The areas that will be reviewed include how the American Nurses Association Code of Ethics would influence a final decision in each case study, how personal and societal values can influence the ethical decision making, the fundamental legal aspects of each case study, and the legal responsibility of the nurse in the work setting. The ANA code of Ethics must be followed in practice and is an especially useful tool when there are difficult legal and ethical issues that arise in nursing practice. In the example of the malpractice case for negligence, as a witness to questionable practice, it is the nurse’s primary responsibility to protect the safety of the patient. Although the nurse was correct in reporting the episode to administration, she also had a duty to counsel the nurse about the inappropriate standard of care. The ANA is clear that when a nurse is aware of questionable practice...
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