The Ethical Framework Of Corporate Social Responsibility

1193 WordsJul 11, 20165 Pages
The importance of ethics in business has become a bigger focus both nationally and globally. Due to high profile cases of unethical behavior in the housing and securities sector, we have seen a complete institutionalization of business ethics in the workplace. At minimum, this includes mandatory requirements, core practices, and strict punishments for violators. Within this idea and practice of Business Ethics, is the ethical framework of Corporate Social Responsibility. This idea suggests that companies have an obligation to act in such a way that it benefits society at large. This idea works best when a company takes a positive and voluntary approach. In many cases, we see companies struggle with having a positive impact on society, while also growing profits. This is truer for smaller businesses, who may have limited resources and maximum profitability is needed to stay afloat. We are going to explore a similar dilemma that Company Q is facing. Company Q is a small grocery chain that has recently experienced a significant downsizing. They were approached by a local food bank requesting donations of day-old products. Management has chosen to decline due to concerns of possible loss of revenue. They felt this would lead to employee theft or misconduct; employees taking the food home in the guise of donating. There are those who feel that their decision is reasonable and that social responsibility is in direct conflict of a successful business model for a small company.
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