Define Ethics And Social Responsibility Essay

Social responsibility is generally regarded as a duty of an organization’s management towards the benefit and well-being of the society in which it is engaged. The organization must behave ethically considering the social, cultural, economic and environmental issues.

We make a living by what we get, but we make a life by what we give.” A quote from Winston Churchill that reflects social responsibility. Social responsibility requires you to put your best foot forward due to legal responsibility. It includes the idea that its superior to be driven by a problem rather than reactive. This includes eliminating anything that causes corruption, unethical and delinquent behavior that may bring a negative impact on the supporters around the environment or the community alone before any type of behavior takes place.

Social responsibility is an ethical framework which suggests that an organization or individual has an obligation to act for the benefit of society at large. Social responsibility is a duty every organization has to perform so as to maintain a balance between the economy and the environment

The social responsibility has lots of argument, and some economists, such as Milton Friedman, don’t support it because they said it will effect on the profit and revenue, and the money they spend it on the society most, invest it in other projects that have a value, and it will make some money for the firms. On the other hand, there are economists that support it, and they think when firms invest some money in the society and make it better, and it will appear on the firm’s performance, and here are some arguments for and against the social responsibility, and some examples about the social responsibility. The social responsibility is to take an action to demonstrate your ability to protect, and amend the welfare of the society and the interest

Social Responsibility; An organization's obligation to maximize its positive impact on stakeholders and minimize its negative impact.

Difficult to define, ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context (Investopedia LLC., 2015). Social responsibility is the concept that businesses develop a positive relationship to the society and environment, which they operate; and not focus, solely on maximizing profits (Stan Mack, 2015).

Social responsibility is a moral principle that an organization or individual act towards betterment of society at large. It is a duty that every firm and individual should perform to maintain the balance between the environment and economy. Their actions should lead towards sustainable development and 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. Walmart being one of the nations largest retailers, corporations, and largest private employer with over a million employees is often targeted for many issues. These issues

Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal

Making decisions of what is right and what is wrong is in our everyday life (A. Puente, personal communication, November 17, 2015). Deciding what is right and what is wrong can be simple or it can be difficult. It may be related to individual context or multiple contexts in general. Ethical decisions should concern all levels of our lives, as in acting properly as individuals, creating responsible organizations and governments, and making our society as a whole more ethical (Brown University, 2013).

Social responsibility is a construct of appropriate ethical behaviors, where two or more individuals, and corporations strive to provide better outcomes for the benefit of society as a whole. With such a set of meticulous structured frameworks in mind, it is fundamental to achieve a harmonious balance between the ecosystem and the developing economy. However, social responsibility is not always first and foremost on the mind of big name corporate companies – such as General Mills Inc.

3.Business to External Environment. Because businesses exist within a community from which they take resources, businesses have ethical responsibilities to the community. This obligation to protect and enhance the society is called Social Responsibility. This also includes responsibilities to the customers from which they earn profits. The main areas of Social Responsibility are:

Ethics: art sets of beliefs about right, and wrong, and good and bad, universal ethical standard ethical norms that apply to all people across a broad spectrum of situations. Clearly, ethics relate to individuals and their day to day decision making. Business ethics, application of right and wrong, good and bad, in a business setting. ethical dilemmas, decision that involves a conflict of values.

Social responsibility is built on a system of ethics, in which decisions and actions must be ethically validated before proceeding. If the action or decision causes harm to society or the environment then it would be considered to be socially irresponsible. Being socially responsible means that people and organization must behave ethically and sensitivity towards, social, cultural, economic, and environmental issues. Striving for social responsibility helps individuals, organization and government to have a positive impact on development, business and society. Often, the ethical implication of decision/action are overlooked for personal gain and the benefits are usually material. This frequently manifest itself in companies that

Social Responsibility can be “negative,” in that it is a responsibility to refrain from acting or it can be “positive,” meaning there is a responsibility to act. Being socially responsible not only requires participating in socially responsible activities like recycling, volunteering and mentoring, but to actually make it a lifestyle. “But does everyone on earth have an equal right to an equal share of its resources,” (Hardin 365). Only through a commitment to embrace and embed social responsibility into people’s personal value and belief system can people truly become socially responsible in

In the business world, social responsibility refers to accountability. There is the accountability of the company to itself, and to the communities where they have a presence. Especially when a business is as large and far reaching as Marriott, they have a responsibility to give back and help to improve society. It is also believed that by engaging in socially responsible activities, the company will improve its image and increase profit.