Friedman, "Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement. I disagree with this statement because individuals in the business world
Words: 810 - Pages: 4
Corporate Social Responsibility – Issues and Challenges with reference to Bhopal city. Ms Charu Modi Ms Ankita Rajdev Ms Meenal Pathak Assistant Professor Assistant Professor Assistant Professor JSSGIW – FOM JSSGIW – FOM JSSGIW – FOM 08871312197 09893299224 09989773177 Abstract Corporate Social Responsibility is the term used to define organisation’s commitment to the society and the environment within which it operates. Corporate initiative to assess
Words: 2181 - Pages: 9
Ethics Paper Bonnie L. Perry MGMT/498 Strategic Management Dulcelina Stahl August 27, 2012 The Role of Ethics and Social Responsibility in Developing a Strategic Plan Private corporations have a responsibility to society to do more than merely become a profitable organization. The strategic decisions of organizations are not made for the the benefit of the organization alone. Strategic decisions are also made to impact the community
Words: 1198 - Pages: 5
Corporate Social Responsibility is a significant concern for companies as society has started to place a significant amount of importance on what companies are doing for society as a whole. Corporate social responsibility is what a company does that goes beyond what the law requires in order to achieve long term goals aimed at improving society as a whole. If I were the Chief Executive Officer of a company I would embrace corporate social responsibility because in my opinion having an internal
Words: 1146 - Pages: 5
Business & Society http://bas.sagepub.com Corporate Social Responsibility: Evolution of a Definitional Construct Archie B. Carroll Business Society 1999; 38; 268 DOI: 10.1177/000765039903800303 The online version of this article can be found at: http://bas.sagepub.com/cgi/content/abstract/38/3/268 Published by: http://www.sagepublications.com On behalf of: International Association for Business and Society Additional services and information for Business & Society can be found at:
Words: 12021 - Pages: 49
DEFINITION of 'Code of Ethics' A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional will be held. A guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals
Words: 3955 - Pages: 16
We will be discussing business ethics and social responsibility in our presentation today, and relating these theories specifically to the News of the World phone hacking scandal that broke in 2007. This scandal involved journalists and editors of the publication, News of the World illegally hacking into people's phones in order to access information that would not have been available to them otherwise. Though exact numbers are not known, lists of phones were confiscated listing thousands of mobile
Words: 2910 - Pages: 12
Law, Ethics, and Corporate Governance – LEG 500 | 201003 | Prerequisite: None | Quarter | Winter 2010 | Meeting Days/Time | Online course | Instructor | Dr. C. Phil Campos, MBA, JD | Instructor Phone | 214-202-8044 | Instructor E-mail | canuto.campos@strayer.edu | Instructor Office Hours/Location | 6pm – 7pm EST | Academic Office Phone NumberStrayer Online Technical SupportEcollege HelpDesk | 1-877-540-1733“As a student, you should choose 1 then 3 for academic issues from the
Words: 5313 - Pages: 22
Chapter 1: Perspective on Business Ethics and Values * Identify the good, tragic, comic, satirical and farcical elements in the way in which people and organization deal with matters of ethics and morality * Stakeholder theory * Business case for business ethics * Arguments about the moral status of business and organization Moral conflict between self-interest and public duty, between social and environment duty what takes precedence? Should a business case be proven before an
Words: 1365 - Pages: 6
industry is one of the world’s greatest international industries and it is a very high health hazard business. Due to the economic and environmental impacts, the mining industry is one of the most complex industries. The development of the mining industry is evident but unethical (Cragg & Greenbaum 2002). However, the lack of business ethics has contributed to the re-development of the mining business in today’s economic climate. Corporations such as CSR indicated how unethical behaviors aimed at
Words: 1652 - Pages: 7
