...Essay on “Corporate Social Responsibility and Ethics” Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson 15). This paper will discuss the concept of corporate social responsibility. It will give the definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. It will discuss the importance of corporations setting up corporate social responsibility projects, and the impact these have on society. Social corporate responsibility and the maintenance of high ethical standards is not an option but an obligation for all business. Corporate social responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people’s lives. Corporate Responsibility has come up as a significant subject matter in the international business community and is progressively becoming a mainstream activity. There is mounting recognition of the momentous effect the activities of the private sector have on the...
Words: 1659 - Pages: 7
...BUSINESS ETHICS Student’s Name: Ce Wang Student’s ID: 1226656 Instructor’s Name: Peter Goalby Course Name: New Advances In Business University Of Bedfordshire Date Assignment is due: 20/03/2015 Abstract Business ethics looks at whether the company is heading in the right course by adhering to the various factors such as integrity, fairness and reliability. The ethics set up by the organization plays a vital role in the hiring process and the business management practices. Running an ethical organization is vital in financial matters and in creating the morale and loyalty of the personnel. Ethics are also relevant to the business as it ensures that there is ethical behavior among the workers in the organization. Ethics are also relevant to the business as it aids in creation of an ethical organizational culture. Most of the organizations when posed this question believe that it is the employees who are chiefly responsible for ensuring that their work meet the ethical considerations. However, the employees are not the only ones responsible for business ethics, the employees need support from the management or from the employer. This paper has a look at the ethical issues surrounding the steel manufacturing industry and the Healthcare industry. It also looks at the relevance that ethics have on business, sustainability and corporate responsibility. The paper also looks critically at the connection of business ethics to the organizational culture. Lastly, it...
Words: 5432 - Pages: 22
...education in promoting corporate social responsibility by The unsustainable depletion of natural resources, perception of poor health and imposition of dangerous working conditions are just some of the worrying external costs imposed by International commercial operations. These costs are borne especially by developing countries that do not receive adequate compensation from companies responsible for social and environmental damage, Lithuania is not an exception. The essence of corporate social responsibility (CSR) policy function is to monitor businesses and ensure its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Recently, highly active consideration of CSR issues has reached Lithuania. Our developed neighbors experience provides an opportunity to practice CSR activities and present arguments in favor and counter against. However CSR policy does not offer a "one size fits all" solution, and it‘s because each country with different culture and different levels of morale, actions and behavior in business sector also got own style and tendencies of doing business. Also it is way harder to change established norms of persons who are running their own businesses in the same way for...
Words: 591 - Pages: 3
...Environmental Factors Ashley Thompson MKT 421/BSAW13JXW8 July 9th, 2012 Instructor: Anissa Upshaw Utilizing Online Social Networking Sites Paper The subjects in this paper will revolve around Apple Inc the corporation. Apple Inc has been in business for several years, and has expanded their business from domestic to global in just a few months. The company sells to countries all around the world and their products are well known in many countries. The first subject will cover information on environmental factors that affect global and domestic marketing decisions. The second subject will analyze the influence of global economic interdependence also the effect of trade practices and agreements. The third subject will cover the importance of demographics and physical infrastructure; also this section will analyze the influence of cultural differences. The fourth subject will cover the importance of social responsibility and ethics versus legal obligations. The fifth subject will analyze the effect of political systems and the influence of international relations; also the Foreign Corrupt Practices Act of 1977 will be analyzed, also the influence of local, national, and international legislation will be analyzed. The final subject will cover the effect of technology. Environmental Factors Every company has environmental factors that affect their global and domestic decision making. The Apple store has three environmental factors that affect their global and...
Words: 1184 - Pages: 5
...CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY ➢ INTRODUCTION AND IDENTIFICATION The concept of corporate governance has attracted considerable attention, domestically and internationally, in recent years. Following a number of high profile corporate collapses, such as HIH insurance and One.Tel in Australia, and Enron and WorldCom in the United States (US), a number of regulatory changes aimed at improving corporate governance have been implemented. The corporate world is facing the notion of Corporate Social Responsibility (CSR) wherever it turns these days. On a wide range of issues corporations are encouraged to behave socially responsible. Why is corporate governance important? Corporate governance refers to the way that Boards oversee the running of a company by its managers, and how Board members are held accountable to shareowners and the company. This has implications for company behavior not only to shareowners but also to employees, customers, those financing the company, and other stakeholders, including the communities in which the business operates. Research shows that responsible management of environmental, social and governance issues creates a business ethos and environment that builds both a company’s integrity within society and the trust of its shareowners. ➢ What are the theoretical concepts? ➢ What are the ethical issues? ➢ What impact does globalisation have? Due to...
Words: 323 - Pages: 2
...environment in an efficient way. Building Management Systems (BMS) comprises a massive variety of technologies, across commercial, industrial, institutional and domestic buildings, including energy management systems and building controls. (Gary Mills 2004-2009) A Building Management System (BMS) is a computer-based control system installed in buildings that controls and monitors the building’s mechanical and electrical equipment such as ventilation, lighting, power systems, fire systems, and security systems. Manual work consumes time and energy and there are always chances of human errors. Technology and new systems are always changing with time and therefore it is very important for any property to keep up to date with the new technology and system. A BMS plays a vital role in any hotel or any business property. (Native Systems 2011) Building Management Systems (BMS) are computer based systems which control and monitor building services automatically. These services include heating, air conditioning, ventilation, boilers and lighting and the data collected can be used to develop quantitative energy consumption improvement targets. There are two main types of BMS, centralized and distributed intelligence. Centralized systems control all the connected services from a single computer interface. Distributed intelligence systems use local intelligent outstations (each controlling...
Words: 1849 - Pages: 8
...world’s premier industrial firms in customer, employee, and community satisfaction” (Boeing.com). It is clear that this company relies heavily on its management staff and planning teams. It is common knowledge that Boeing consists of two business systems which are Boeing Commercial Airplanes and Boeing Defense, Space, and Security. The corporate functions that guide Boeing are Business Development and Strategy, Communications, Engineering, Operations and Technology, Finance, Human Resources and Administration, and the Office of Internal Governance. Each department has its own set of goals and objectives to evaluate and implement with the company’s overall mission in mind. The Business Development and Strategy team is an extension of the management, marketing, and research teams, they provide information and advice on the business goals. Shepard Hill is the head of Boeing’s large Business Development and Strategy team. His role includes “analyzing and developing plans to drive the company’s growth and nurture new business. In this capacity, he coordinates the company’s Corporate Development function, with responsibility for acquisitions, divestitures, mergers, equity investments, and joint ventures” (Boeing.com). Mr. Hill is also running Boeing’s International Department, which facilitates the company’s globalization efforts. The...
Words: 1148 - Pages: 5
...people behave in the correct ways. Therefore, the ethics are used to ensure that people should behave in the proper attitudes and behaviors. Business ethics are the ethics are to ensure moral guidelines which govern good business behaviors, such ethics applied to various field of business managements (Ferrell, O. C., & Ferrell, L. 2011) . For instance, the decision making processes of BOD would consider the ethical effect of the decision made and implemented without harming any of the individual around and related. Supply chain management is the management of products and services that how they are converted from materials to products and then finally deliver to the final users and customers. In the entire processes of supply chain activities, there are many of interrelated individuals and stakeholders are affected and related, therefore satisfy each stakeholder is to ensure the effectiveness of the supply chain management system. Due diligence is the duty and responsibility of managements and directors to act prudently in evaluating associated risks in all transactions and business activities in order to ensure that business are going concern and healthy in comply with legal standards. The relationship between due diligence, business ethics and supply chain management is that business will use due diligence as the way to ensure the business ethics is implemented and contribute to an efficient and effective supply chain management system of the organization that realize the benefits...
Words: 2835 - Pages: 12
...industrialisation, but industries as different as chemical manufacturing, mining, agriculture and fishing can do permanent damage to local ecosystems. Globalisation and its irreversible effects can also be blamed to a large extent to these organisations. While end consumers of these industries who demand the products these organisations manufacture are at fault too, it is undeniable that many corporations have ignored their social responsibility and simply focused on their profitability at the stake of harming their immediate environment. In the context of this unacceptable policy, some fractions of the corporate world have started to accept a philosophy that focuses on both profit as well as functioning ethically. This principle, called Corporate Social Responsibility (CSR) refers to initiatives taken by an organisation to measure and reduce the negative impacts it has on its environment. It generally refers to the extra efforts taken by the organisation to focus on the social wellbeing of all its stockholders and to the world at large. ABOUT CORPORATE SOCIAL RESPONSIBILITY Companies at times invest in local communities in order to compensate for the negative impacts their operations might have. The most obvious way might be to donate money to charity. Or, a firm that begins to operate in a socially backward community consisting of people from the lower economic classes can build schools, hospitals in that area or improve infrastructure. Similarly, an organisation that diversifies into...
Words: 838 - Pages: 4
...Assignment 1: Environmentally Sustainable Management Environmental sustainability is about more than just cleaning up after the messes we make. It goes beyond recycling and reusing resources and rather focuses on the goal of eliminating the item to reuse or recycle in the first place. After years of wasteful use of natural resources, it has become extremely important to make big changes to the way individuals and businesses conduct themselves for the benefit of our future generations. Why environmental sustainability? Gone are the days where “ignorance is bliss” regarding using natural resources as though they were limitless. The sad reality is that if something isn't done about the speed at which natural resources are being consumed and destroyed, the next generations will be left with a dim future. Everything from drinking water to soil that grows food could potentially be a thing of the past. So why would motivate a business to want to spend time and their own resources to focus on becoming more environmentally sustainable? Why not continue to compete at lowest cost and highest margin even if it means that it comes at a high cost to future generations? There are many reasons why businesses are choosing to focus on environmentally sustainable management including customer demands, economic considerations, regulatory laws and social responsibility. Customers are becoming more and more aware of the long term implications businesses of all sizes can potentially have...
Words: 1062 - Pages: 5
...Ethics and Corporate Responsibility in the Workplace and the World Patricia Ingram Professor Renee Berry Legal 500- Law, Ethics, and Corporate Governance March 1, 2015 Introduction "PharmaCARE is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others. The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, and its CEO serves on the PhRMA board. PharmaCARE recently launched a new initiative, We CARE about YOUR world®, pledging its commitment to the environment through recycling, packaging changes and other green initiatives, despite the fact that the company’s lobbying efforts and PAC have successfully defeated environmental laws and regulations, including extension of the Superfund tax, which was created by Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). ...PharmaCARE maintains a large manufacturing facility in the African nation of Colberia, where the company has found several “healers” eager to freely share information about indigenous cures and an abundance of Colberians willing to work for $1.00 a day, harvesting plants by walking five (5) miles into and out of the jungle carrying baskets that, when full, weigh up to fifty (50) pounds. Due to the...
Words: 3343 - Pages: 14
...------------------------------------------------- Essay on “Corporate Social Responsibility and Ethics” Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson 15). This paper will discuss the concept of corporate social responsibility. It will give the definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. It will discuss the importance of corporations setting up corporate social responsibility projects, and the impact these have on society. Social corporate responsibility and the maintenance of high ethical standards is not an option but an obligation for all business. Corporate social responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people’s lives. Corporate Responsibility has come up as a significant subject matter in the international business community and is progressively becoming a mainstream activity. There is mounting recognition of the momentous effect...
Words: 2129 - Pages: 9
...Ethics and Corporate Responsibility in the Workplace and the World The first category of stakeholders in this case are the executives and managers. Their consideration is that the business strongly relies on partners helping them in the provision of the best value products to their customers. Retailers become increasingly dependent on strong managerial relationships in providing the best quality products within their customers’ optimal price points. The second category of stakeholders are the Medicare, Medicaid, and VA patients. These are the main cutomers of PharmaCARE. They are mainly interested in quality customer service as well as top-range products to address their needs (Jennings, 2010). For this reason, they are attracted to PharmaCARE as it continues to prove nbeaten in its advertisements. Further, the workers form the third grouping of the stakeholders. These category form’s PharmaCARE’s human resource and are very instrumental in the production and daily running of the organization. Their major interest is improved working conditions which, currently, PharmaCARE has shown no concern over. There is a high rate of absenteesm due to frequent sicknesses whichtally down to the break down of the ventilation system. The compounding pharmacies who are also categorized as PharmaCARE’s competitors are the other group. Under this, ethical responsibility to all their customers as well as giving back to the community through charitable donations and...
Words: 1748 - Pages: 7
...We have discovered that a shared sense of responsibility is good economics. Social innovation in commerce has changed how people interact with one another, and as well as the way people think of themselves. Social change is being reintroduced through trade and commerce – the idea that social responsibility does not only mean volunteerism and community service, but also by responsible spending. Nowadays, consumers consider social and environmental specifications on their products, aside from the nature of products. A number of consumers would consider buying 100% organic materials compared to those that weren’t. A big percentage of consumers purchased products because of the social or political values of the company that produced the product. Some even said that they’ve supported local or neighborhood businesses. These are examples of a changing mind-set. We can now see a rise of the citizen consumer – and the beginnings of a responsibility revolution. A big number of companies in today’s market, both large and small, are practicing Corporate Social Responsibility (CSR) in order to achieve organizational sustainability. The concept of organizational sustainability increasingly impacts the nature of organizations’ operations. Green management in organizations has to go beyond regulatory compliance and needs to include conceptual tools such as pollution prevention, product stewardship and corporate social responsibility. Hence, determination and measurement of organizational...
Words: 697 - Pages: 3
...faces an ethical dilemma. India’s power plant development team can choose between using expensive technology, meeting U.S. environmental standards, or a cost cutting technology meeting local and less stringent standards yet allowing for contributions to other community needs surrounding the projected plant. “Although many people at AES felt that the company would be “selling out” if it did not maintain its strict commitment to the environment in the narrow senses, others felt that AES should expand its concerns to include people and their quality of life” (AES Global Values, 2000). This presents a major ethical dilemma of whether or not the company should continue its traditional focus on meeting “social responsibility” values through CO2-offset programs as the company expands worldwide. Summarize the various issues regarding AES’s commitment to social responsibility There are many issues regarding AES’s commitment to social responsibility, a core part of AES’s culture is the commitment to their shared principles or “corporate values.” These principles describe how the individuals at AES endeavor to commit themselves to the Company’s mission of serving the world by providing “safe, clean, reliable and inexpensive energy.” The first and largest issue of AES’s commitment to social responsibility is that team members “felt that accepting a lower environmental standard in India - even one consistent with local and World Bank requirements - would be abandoning everything AES stood...
Words: 1637 - Pages: 7
