Does Business have Social Obligations? Essay examples

2. Laws must be static and unyielding in order to provide stability for a society.

The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as

Layoffs are not always the best solution for a decline in company profits. A business must resolve the conflict that exists between their responsibility to meet economic targets and the ethical responsibility of non-maleficence. Furthermore, it must be determined if the layoffs would even maximize stakeholder welfare from a utilitarian perspective (Arce & Xin Li, 2011).

The ethical issues presented in this case are the different views that each individual has on how the idea of corporate social responsibility (CSR). This dispute is between Mr. Milton Friedman, John Mackey, and T.J. Rodgers; all of which has a different outlook on CSR. The definition of CSR refers to the responsibilities that business has to the society in which it operates and to those actions that a business can be held accountable. Most philosophers have come up with three different types of responsibilities that corporations can be held accountable for. The first and most important of the three is a corporation’s duty to not cause harm. If a corporation can

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

Retention of key employees: the entering into of the Plan, and subsequent contributions made to the

Lastly, Company Q decides to throw away food products, instead of donating it to the local food bank. Sadly, this behavior demonstrates a concern for profits before people attitude, which is socially irresponsible. Businesses can no longer ignore social issues because a business is a part of our society. For Company Q to become more socially responsible its sole objective must not only be to make a profit. But include concerns and responsibilities to the general welfare of the communities and societies in which they operate.

Every company has a responsibility to support the society it serves. This indicates that a company that wishes to truly thrive in a market should not just follow the business and consumer laws of the country but take an active interest in the community that it serves in each country. Today’s global market is led by companies that concern themselves with the sustainability of the company and its products, as well as the continual improvement of the

They don’t have to worry about somebody in “Chinida” taking their job, because nobody can take away what they are giving away. They are the ones who keep outsourcing and not focusing on losing good workers, or even the effect it is having on the economy. It will always look like a good plan if it keeps putting money into their bank accounts, and gives the company a good image. Ehrenreich has similar thoughts “ I just hope the next time some managers get the idea of cost saving through outsourcing they go for the CEO’s job”(609). Her focus is that outsourcing wouldn’t be such a popular thing if the CEO’s jobs got taken away. They would finally know the struggle of everybody else who has been suffering through outsourcing of their jobs. Zakaria makes a good point when he writes “The next round of rising powers might not be so eager to ‘fit in’ “(616). He is hoping the next round of leaders would stop focusing on what everybody else is doing and quit trying to copy their ways and veer away to a different path. Both authors are saying the leaders of today’s focus is on trying to be just like the rest of world and to do what is best for them individually and not the rest of us. The solution for the both of them is to get rid of some outsourcing not all together, because if that were to happen the Globalizing economy would drop

employee leaves the company, it is up to the employer to determine whether or not

benefits. They have to let the company feel their loss and force them to let

The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

Organizationally, companies should not overburden their workforce with an overly cumbersome program that is riddled with features that they will never use. This reason has led to half of the respondents on a survey mentioned in the text that they believe the social networks have very little impact on employee retention, the speed of making decisions, or the reduction of meetings.

A critical factor to the success of any company is its ability to attract top talent while retaining those already working within the company. Losing employees can have a significant impact on a company’s morale, productivity and overall profit.