Ethics And Social Responsibility

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

Both key elements have an interactive relationship that helps in building profitable businesses, as well as a well-rounded community. Ethics refers to set of beliefs about right and wrong, good and bad. Therefore, Good ethical practice help build our business, as well as help our staff members to make ethical decisions. The decision of each official can affect the entire organization. Whereas, most people come from different background and culture which also plays a vital role in shaping their ethics. Business ethics involves the application of the issues in the workplace. While much unethical behavior is illegal, one important role of business ethics is to manage behavior that cannot be covered by government laws. The universal ethical standards, which involve respect, responsibility, and citizenship, are rules that apply to people and should be held high within the workplace. Social responsibility is the obligation of a business to contribute to society. The cheesecake restaurant social responsibility affects the environment, customers, investors, and our employees. (Bruning, 2014)

The primary purpose of ethics and social responsibility is imperative to the way we do business and live amongst society. Ethics most commonly know as the rights and wrongs are principles and standards that establish what is know as acceptable conduct within an organization. Organizations have moral and legal duties to implement ethics when developing a strategic plan while considering stakeholders and consumers, they do not want to be lied to or cheated into buying a false product. Unethical companies will use aggressive sales tactics and mischievous ways, of doing business to sell, promote and profit from vulnerable consumers. Unethical organizations believe in these tactics

From examining both ethical statutes, therapists can take it one step forward by taking ownership in violating the bond between therapist and client. Years of education, training and personal responsibility should prevent therapist from violating the bond between client and therapist. Clients entrust therapist with intimate details and instill trust in the therapist. This relationship can sometimes cross boundaries and cause the client to view the therapist in a different light. The same can be said of therapists who have gained the admiration and trust of their client. This places them at an unfair disadvantage and gives them the upper hand and a manipulative stance in entering any relationship outside of the proper scope of the therapist-client relationship.

However, today, the focus on stakeholder’s (apart from the shareholders, these are customers, suppliers and employees) expectations has also grown radically. Accordingly, ethical behaviours such as meeting stakeholders’ expectation objectives, environmental objectives and corporate social responsibility, which is accountability to the society and social responsibility, have resultantly become very important. Failure to comply with ethical behaviours can causes a business to damage its brand value and its reputation, which in turn could lead to reduced profits or even losses (Carroll and Buchholtz, 2014).

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.

Banks (2006) claims that dilemmas occur when individuals encounter two equally unwelcoming alternatives for a choice, potentially involving a conflict of moral values. The assumption is both judgements can be affirmed; it constitutes situations in which individuals need to make choices given different equally compelling moral options. However, rarely are ethical choices simple; most decisions are restricted and invokes internal conflict as dilemmas highlight the differences and those conflicts when deciding on a course of action.

Ethics are values that guide personal thoughts and actions in knowing right from wrong. Personal conduct and behavior is based on how the individual views unethical behavior. Social responsibility is the company, management, and employees working and conducting themselves by following rules of society.

Ethical responsibility is what keep the company in line to do what is right. It is important that the company performs societal and ethical manners in order

According to textbook Bovee and Thill define ethics as, “Ethics are the principles and standards of moral behavior that are accepted by society as right versus wrong. Practicing good business ethics involves, at a minimum competing fairly and honestly, communication truthfully, being transparent and not causing harm to others” (Bovee and Thill 71). Ethics is dependent upon a person’s conscience and how it puts one in a dilemma. While social responsibility is self-explanatory it is clearly defined interchange in the outer world.

“With great power comes great responsibility”, is an infamous line from the movie Spiderman, and even though it is cliché, I’ve always found that to be very true. Power and responsibility can be explored through Phillip Zimbardo’s “The Lucifer Effect”, and how his work is related to two major financial scandals of the 21st century, which involve Enron and Bernard Madoff. In both scandals, there were people in a position of power who carried a surmounting level of responsibility, but used their power in very manipulative ways for their own personal gain. The high level executives of Enron and Bernard Madoff were on a rampant quest for money, which was the

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

In this paper we will review the three classical theories of mortality and interpret what the meaning, as well as make connections to my own culture. The purpose of this paper is to review theoretical perspectives and assess how they impact ones culture.

Such a strong focus on ethics will ensure that each set of stakeholders will be happy and ensure that strategic plan that will their needs and wants, and the organization will act in the best interest of each stakeholder.

One of the main objectives of any business organization includes making profits and enhancing the economic growth (Davis, 2012). Most businesses aim at discharging their economic and legal responsibilities. It is because for a business to continue as going concern, the business have to obey the law and be profitable. However, being ethically and philanthropically responsible can also affect the businesses apart from economic and legal factors.