Define Ethics and Social Responsibility and Explain Why They Share Common Characteristics in an Organisational Setting. Identify Recent Examples Where Ethical Practices or Social Responsibility Have Not Occurred and the Implications for Stakehold...

1651 Words May 3rd, 2007 7 Pages
Introduction: As recently as a decade ago, many peoples,companies or organizations viewed ethics,social responsibility,business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to them is on the rise across the world and many companies or organizations realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporatons are being asked, encouraged and prodded to improve their business practices to emphasize legal and ethical behavior. Companies, professional firms and individuals alike are being held increasingly accountable for their actions, as demand …show more content…
There's nothing to say that a company that is highly socially responsible today may not become less so tomorrow. It's a little like physical exercise. If you don't keep pushing yourself, you lose the gains - may even become a little flabby. For example:A true story: A woman puts her umbrella on the floor of her cubicle after returning from lunch. The next day she discovers that the umbrella is gone. Fast forward one week. The woman sees a colleague walking around with her umbrella. When asked about it, the colleague replies, "Well, it didn't have anyone's name on it, so I took it." From some perspectives, this may either be an indicate a significant lack of personal social responsibility.

why they share common characteristics in an organisational setting: According to Ethics in Action, a Vancouver, BC, organization whose awards program recognizes socially responsible corporations, "Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholders with their need to make a profit." Thus, the success and effect of a socially responsible company is measured according to its whole impact on all who are