Ethics, Social Responsibility and the bottom line.

Assessment Code: RWT1
Student Name: Michael Daley

Table of Contents
Executive Summary 3
Introduction 4
Research findings: 5
Business Relationships can be improved through being Ethical and Socially Responsible 5
Strong Business Ethics will increase Efficiency 6
Social Responsibility will greatly increase our company’s Reputation 7
Recommendations 8
Conclusion 9
References 11

Executive Summary

Ethics and social responsibility is on the mind of everyone in the world these days. We have all seen the effects of what happens when a company does not follow an ethical standard; it can lead very quickly to its demise. A strong ethical standard and being socially responsible is a must in the world of business. There are those who think that if they can get away with things, it can lead to higher profits and a bigger bottom line. This may be true in the short term but history has shown that those with strong ethics have the longevity and reputation to make it in the long run. The research for this report will show that not only is having strong ethics and being socially responsible the right thing to do, it is the smart thing to do for our company. In all we do, we need to have good relationships with those that we need in order to conduct business. We have vendors, suppliers, stakeholders and consumers that we have to maintain a good and strong relationship with. By having a strong ethical standard and good social responsibility, it allows us not only to maintain these relationships but to build and make them stronger. With the strong ethical standard we can work to strengthen these relationships and have an increased level of trust. This will bring funding from investors and a loyal consumer base that is willing to do business with us due to the reputation we have created. Research