...Ethical Perspectives on Social Responsibility Submitted to Northcentral University DEFINING THE CONCEPT OF SOCIAL RESPONSIBILITY Depending on whom you ask, the concept of social responsibility may mean different things. However, within an organizational culture, social responsibility refers to ethical practices that benefit the greater society and simultaneously benefits the health of the organization. The concept of social responsibility is an ideology of ethical behavior that upholds that people and stakeholders should act in the interest of the greater collective good. Typically, social responsibility addresses the ethical obligations of organizations to sustain the law, while complying with environmental and social regulations that are sustainable for economic development. Stated simply, social responsibility is management’s interest in the welfare of the society in which it conducts business. It is a concept whose inception can be traced by to Peter Drucker, known as “The Father of Modern Management.” His realization that workers should be treated as a resource was ground breaking in the corporate world. Drucker defended the concept of proper corporate social responsibility to the point of turning a social problem into economic opportunity and productivity, while creating well paid jobs performed by competent people. William A. Cohen, a Drucker graduate and author of the article What Drucker Taught Us About Social Responsibility (2009), stated, “Few...
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...Ethics Paper This paper will explain business ethics and the importance of it. Strong business ethics should include integrity, honesty, and fairness to all involved. Ethics isn’t only for the employee but also for the employer of the organization who should have ethical standards in the place established by the leaders of the organization. To have a more in-depth understanding of the importance of a powerful ethical value in a business organization the role of ethics should be explained to include social responsibility, and sustainability in relation to organizational strategies. Various types of shareholders should be examined that influence a company’s strategy. Identify at least one example of a company that exemplifies sustainability and social responsibility in their operation. Factors that may have a negative or positive effect on an organization strategy are ethics, social responsibility, and sustainability. A company’s ethical value can have a far-reaching effect on the following areas of an organization: Business Policies also known as code of ethics, this visible feature of a company’s appliance policies and procedures regarding things such as promotion of diversity and discrimination among the consumers and employees of their organization. Ensuring a diverse and unbiased organization will allow business to increase the odds of attracting a wider variety of future consumers, investors and employees to their organization, regardless of one’s race, gender, or religion...
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...Ethics Paper MGT/498 University Ethics Paper Strong business ethics, which include honesty, integrity, and fairness to all, play a critical role in running a successful organization as this function of a business operation allows today’s businesses to characterize the differences between correct and incorrect ethical behavior. Additionally, strong ethical values also help businesses gain a competitive advantage (Johnson, 2008), and it allows them to ensure that every employee is following the ethical standards that have been established by the leaders of his or her organization. To gain a better understanding of the importance of strong ethical value, this paper will a) explain the role of ethics, social responsibility, and sustainability in relation to organizational strategy. B) Examine the various types of shareholders that influence’s a company strategy. C) Identify at least one (or more) examples of a company that exemplifies sustainability and social responsibility in their operation. Role of Ethics, Social Responsibility, and Sustainability on Strategy Ethics, social responsibility, and sustainability are one of several factors that historically have an effect (either positive or negative) on an organization’s strategy. For example, a company ethical value can have a far-reaching affect on the following areas of an organization: * Public Image (or credibility level): Public image is how a company is viewed by the people or entities in their market environment...
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...ROLE OF HUMAN RESOURCE (HR) FOR CORPORATE SOCIAL RESPONSIBILITY (CSR). Ms. Suhas Diwate Suhas_diwate7@rediffmail.com Name of Author/Co-Author: Suhas B. Diwate Institutional Affiliations: Asst. Professor (HRM- Department of Management Studies), Bapurao Deshmukh College of Engineering, Sewagram Correspondence Address: Suhas B. Diwate C/o B.M. Diwate, Gajanan Nagar. Near Z.P. Colony. Wardha-442001 ( Maharashtra) Contact Details: • E-mail ID- suhas_diwate7@rediffmail.com • Mob: +91 8087293033 • Fax No: NA Title of paper: “ Role of HR for CSR” ABSTRACT: Concept of CSR A Business Unit is in society, within which it operates. This speaks of a number of stakeholders to which the organization has a responsibility. The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations of that society have of organizations at a given point in time. The Concept of CSR originated in the 1950s in USA. CSR became a matter of utmost importance of diverse groups demanding change in business. It is a voluntary assumption of responsibilities that go beyond the economic and legal responsibilities of corporations. Corporate Social Responsibility (CSR) covers all aspects of an organization’s operation, inter-alia the relations with stakeholders including the employees as one of them. Business cannot exist in isolation. They need the infrastructure...
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...Introduction: Social Responsibility of Business or Corporate Social Responsibility (CSR) refers to management decisions & actions taken for reasons at least partially beyond the organizations’ direct economic or technical interest. The Concept of Corporate Social Responsibility is merely in growing stage towards social effectiveness of business. It is the philosophy which justifies business involvement in its social community. The simple fact is that business is a major social institution, and as such it is importantly involved in social value. In the operation of pluralism many groups influence business and in turn business influences them. Definition of Corporate Social Responsibility given by Scholars: According to Davis Keith, (“Can Business afford to Ignore Social Responsibilities?”- 1960) Social Responsibility is defined as, “Management decisions and action taken for reasons partially beyond the organization’s direct economic or technical interest.” According to Griffin R W, (“Management”- 1997) “Social Responsibility is a set of obligations an organization has to protect and enhance the society in which it functions.” According to Davis K & Blomstrom R L, Business and Society: Environment and Responsibility”- 1975) [i] Social Responsibility is defined as, “The Relationship of Business with the Social System outside its own formal organization.” [ii] Social Responsibility is that, (Business) Decision Makers are obliged to take Actions which protect and improve the...
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...CORPORATE SOCIAL RESPONSIBILITY IN VIETNAM; A STUDY OF ITS IMPORTANCE BY PHAM THUY LY E0700048 i BACHELOR OF BUSINESS (ACCOUNTING) HONS HELP UNIVERSITY COLLEGE MARCH 2011 DECLARATION OF ORIGINALITY AND WORD COUNT I hereby declare that the graduation project is based on my original work except for quotations and citations which have been duly acknowledged. I also declare that it has not been previously or concurrently submitted for any other course/degree at Help University College or other institutions. The word count is 10,758 words. ii _____________________ Pham Thuy Ly 28 March, 2011 ACKNOWLEDGEMENT This project would not have been made possible without the assistance, support and encouragement of many people. I wish to take this opportunity to thank all the people who have helped me during the time of completing this study. I would like to express my deep gratitude to my supervisor Dr. Le Van Lien, International School, Vietnam National University Hanoi. He has kindly helped me and supported me all the way through. I also would like to express my thank to Ms. Sumathi and Ms. Shenba, Help University College, who initiated the project and give so much instruction and support. Additionally, I also would like to extend my special thanks to managers, accountants, my friends, and other people who have help me to carry out the survey. I want to thank them for all their support, interest and valuable hints. PHAM THUY LY iii CORPORATE SOCIAL RESPONSIBILITY IN VIETNAM;...
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...5, 2013 Ethics Organizations have more to think about than profits when developing a strategic plan. Ethics and social responsibility have become important topics to consider and include in today’s organizations strategic plans. This paper will explain the role of ethics and social responsibility in strategic plan development while taking into consideration stakeholder needs. I will also include an example of a company overstepping ethical boundaries for stakeholder agendas, and preventative measures that could be taken to avoid the situation. Ethics and Social Responsibility Ethics is defined as the consensually accepted standards of behavior for an occupation, a trade, or a profession (Wheelen & Hunger, 2010). The confusion associated with the word “ethics” creates different interpretations and definitions of the word. A strategic plan should include a standard code of ethics to create and guide a standard of behavior for organizations employees to follow and obey. A code of ethics “clarifies company expectations of employee conduct and makes clear that the company expects its people to recognize the ethical dimensions in decisions and actions” (Wheelen & Hunger, 2010, p. 1). The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit (Wheelen & Hunger, 2010). There are different schools of thought about the social responsibility of an organization. In today’s business environment the...
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...increase its profit, to keep a good relationship with its investors. Without doubt that ‘spin’ is a strategy for corporate in common use to frame information in a way that can be easily accepted by public who are related tosw. Gare also state that ‘The business community is becoming more isolated from the community at large and looking after its own interests’ (cited in Birch and Glazebrook 2000, p.41). Using the theories of the citizenship (Hudson & Kane 2000) and the communication (Habermas 1989) this essay will discuss the role and relationship of ‘community engagement’ to society and how ‘community engagement’ can be a solution to ethical problems associated with spin. The case study “The Wrribee toxic dump” will be used to demonstrate the arguments. Community engagement is a big theory that included both citizenship theory and communication theory. Hudson and kane (cited in Demetrious 2012, p.2) define citizenship theory as member who belongs to the community and are required to fulfill the community responsibilities, “belonging brings responsibility and fulfillment of responsibility promotes a sense of belonging”. Citizenship offers the rights and responsibilities for individuals of society. Public sphere is the concept draw from communication theory. “The citizen who participated in the...
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...Ethics Reflection Paper Ethics and social responsibility are important concepts that play a significant role into implementing a strategic plan. Ethics and social responsibility will benefit an organization into having a successful strategy plan and reduce and any potential negative impact of a operation. The subjects to address in this paper are the following, the role of ethics and social responsibility in developing a strategic plan considering stakeholder needs and how my ethical perceptive has evolved throughout the program. Ethics is an important concept as well as the fundamental principles of right individuals conduct. “Business ethics seek to proscribe behavior that businesses, firm managers, and workers should not engage in. Ethics is a source of guidance beyond enforceable law. It is clear and uncontroversial that firms and their workers should not engage in unlawful acts, such as selling harmful or defective products, and ignorance of the law cannot be used as a justification for unlawful actions. Business and management ethics goes beyond the law lo provide guidelines as to what is acceptable behavior in business transactions” (Haq, 2011, p.1). The way a company could successfully establish a mission, vision, or objective for its organization is through adhering ethics. The company must develop values that interest stakeholders. The values should include direction and expectation of the organization. The values should benefit stakeholders in any...
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...The societal marketing is a marketing concept that holds that a company should make marketing decisions by considering consumers' wants, the company's requirements, and society's long-term interests. The social marketing concept holds that the organization’s task is to determine the needs, wants, and interests of a target market and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and the society’s well-being. Therefore, marketers must endeavor to satisfy the needs and wants of their target markets in ways that preserve and enhance the well-being of consumers and society as a whole. [1][2] It is closely linked with the principles of corporate social responsibility and of sustainable development. Contents [hide] * 1Objectives * 2History * 3Instruments * 4Examples of societal marketing * 5Societal Marketing and Social Marketing * 6Societal Marketing and Corporate Social Responsibility (CSR) * 7Branding in Societal Marketing * 8Criticism * 9References * 10See also * 11References ------------------------------------------------- Objectives[edit] Various attempts to define the objectives of societal marketing have been noted[3], such as : * "Social responsibility implies that a business decision maker... is obliged to take actions that also protect and enhance society's interests. * "Business has the responsibility to help [the consumer] .... It...
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...Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003, p. 36). The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its primary, if not sole, responsibility is to its owners, or stockholders. However, CSR requires organizations to adopt a broader view of its responsibilities that includes not only stockholders, but many other constituencies as well, including employees, suppliers, customers, the local community, local, state, and federal governments, environmental groups, and other special interest groups. Collectively, the various groups affected by the actions of an organization are called "stakeholders." The stakeholder concept is discussed more fully in a later section. Corporate social responsibility is related to, but not identical with, business ethics. While CSR encompasses the economic, legal, ethical, and discretionary responsibilities of organizations, business ethics usually focuses on the moral judgments and behavior of individuals and groups within organizations. Thus, the study of business ethics may be regarded as a component of the larger study of corporate social responsibility. Carroll...
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...University of Phoenix Nana Offei MGT498 Strategic Management The role of ethics and social responsibility August 30, 2012 Abstracts Ethics and social responsibility occupy an important place in human value system. Customer confidence in how business operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior is that which is respectable in the area of moral, philosophy involves in developing, defensive and also recommending concept of right and wrong behavior. These ideas do not change as one desire” and inspiration This applies whether a company is involve with customers one-on-one, such as apple or Dell, Inc.; there are various ways to define ethics the simplest may be to say that ethics deals with right and wrong. However, it is difficult to judge what may be the right or wrong in a particular situation without some frames of reference. However” this paper will illuminate the role of ethics and social responsibility in developing a strategic plan while considering stakeholder need and agendas. In addition apple Inc. will be the example of organization drive that will overstepping the ethics boundaries for stakeholder agendas and the types of...
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...Seminar Paper Social Responsibility of Business Social Responsibility of Business Name= Bisweswar Chakraborty BBA, 4th Semester, 2nd year * Introduction :- * Social Responsibility :- Social responsibility is an ethical theory that an entity, be it an organization or individual, has an obligation to act to benefit society at large. In our daily life, you perform a number of activities. For example, brushing our teeth, showing respect to elders obeying traffic rules on road etc. Now why do we perform all these activities? It is because we live in a family as well as in a society and the members of our family as well as the society want to do all of them. They do several things for us and expect something from us, which you must do. The expectations of the family or society become our obligations, which you need to fulfill. For example, keeping the road clean by not throwing garbage on it, etc. There are also obligations towards our self, which you need to fulfill. For example, taking food timely, going to sleep early at night, etc. that keep you fit and takes care of your health. Now we fulfill all these obligations by performing certain activities which are called our responsibilities. Any responsibility we have, particularly towards members of the society with whom we interact or towards the...
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...Ethics and Social Responsibility in Strategic Planning MGT498 Dr. Matt Keogh Ethics and Social Responsibility in Strategic Planning Ethics and social responsibility are concepts used in business all the time when someone is trying to explain that business is not all the time about making a profit. Shareholders in business are a group of people that are directly affected by decisions that organizations make Wheelen and Hunger ask the question, should strategic decision makers be responsible only to shareholder, or do they have broader responsibilities? Sometimes as an organization they must decide if the decisions they make will impact the environment or society at large. Some organizations have rules and policies set up so that they are not violating these ethical and social responsibilities they have over society, such as how to properly waste toxic waste. Strategic planning are steps taken by an organization to come up with a strategy or come up with a direction of where the company wants to go in the future. “The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.” (Wheelen T.L. & Hunger J. D., 2010) When corporation come up with a strategic plan they have to think of aspects that are outside of their organization. They have to think of society and the environment as to try and not harm it but make them better. These strategic plans need to make sure that they are not endangering...
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...Abstracts Ethics and social responsibility occupy an important place in human value system. Customer confidence in how business operates has been severely shaking by recent corporate scandals and collapses, such as Enron and bank failures. Hence it is important for companies to consider incorporating ethics and social responsibility into their strategic planning. The (term) ethnics are derivative from the Greek word ethikos, which meaning tradition or character. In philosophy ethical behavior is that which is respectable in the area of moral, philosophy involves in developing, defensive and also recommending concept of right and wrong behavior. These ideas do not change as one desire” and inspiration This applies whether a company is involve with customers one-on-one, such as apple or Dell, Inc.; there are various ways to define ethics the simplest may be to say that ethics deals with right and wrong. However, it is difficult to judge what may be the right or wrong in a particular situation without some frames of reference. However” this paper will illuminate the role of ethics and social responsibility in developing a strategic plan while considering stakeholder need and agendas. In addition apple Inc. will be the example of organization drive that will be overstepping the ethics boundaries for stakeholder agendas and the types of preventative measure that could be taking to avoid the situation The role of ethics and social responsibility Companies must consider...
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