The Ethical Theories Of The Descriptive Business Ethics

The failure of CSR in the Volkswagen scandal can be explained partly because the concept is wrongly used by the company that there is no integration between company’s values and its CSR activities. Moreover, the concept itself is flawed because it somewhat contradicts the profit motive which companies inherent seek.

However, nowadays CSR is simply defined as ?operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society demands of business? (Gillis & Spring 2001: 23).

Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism that has business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines

Based on my interpretation of CSR, I see it as a voluntary obligation that companies have promised to their stakeholders to fulfill by improving, or at least not harm, the environmental and social wellbeing. When companies engage in CSR, they voluntarily promise to, for example, carry the responsibility to protect the environment and take actions against bribe or other corruptive activities related to their business. It certainly has some positive influences to specific areas based on my knowledge gained from other classes; nevertheless, when judge CSR in the context of total impacts on our society and environment, it is obvious that CSR has failed its mission to lessen the negative impacts of business based on the evidences that provided by the author. Also, since there is a strong positive relationship between CSR behaviors and consumers’ reactions to a firm’s products and services, it seems to me, now, that CSR for the most companies is just a fancy cover that helps them to create or promote a good image and reputation. The recent case that shows the failure of CSR of Volkswagen even make me believe that CSR programs may be just a marketing or public relation exercise for many

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

The two articles provided for comparison, “How Consumers Perceive The Ethical Conduct of Businesses And Their Managers” by Derrek Choy, and “Reconciling Traditional Morality and the Morality of Competition”, by Adam D. Bailey, both analyze ethical and unethical behavior in business, and conclude that moral and ethical standards in business actions are not only

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.

Ethics refers to a sub discipline of philosophy that study about morality (Mersserly, 1995). It is classified into theoretical and applied ethics. Applied ethics is a sub classification of ethics that addresses morality issues of both the public and private life. Thus applied ethics applied to issues in regard to companies or other public institutions is known as business ethics. Thus in this essay I will discuss the different ethics theories and how they are applied in business ethics.

In the broadest sense, CSR can be considered, “corporative initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups” (Anonymous, 2014). Another interesting fact that Investopedia included in their definition, that “CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change”(Anonymous, 2014). However you want to determine the definition of CSR for yourself, it is a step that many businesses have incorporated into their current vision statements, and it has almost become a necessity into today’s

Both the definitions given highlight the “voluntary” part of the actions taken by firms, those which go beyond law requirements, and from this starting point Matten and Moon (Matten & Moon 2008a) define two types of CSR, “implicit” and “explicit”. Implicit CSR reflects the actions taken by the firms to respond to formal and informal institutions for society’s interest, and consists of values, norms, and rules which result in requirements for corporations. Explicit CSR describes corporate activities that assume responsibility for the interests of society. They normally consist of voluntary programs and strategies by corporations which combine social and business value and address issues perceived as being part of the social responsibility of the company, often in response to local communities or Non-Governmental Organizations’ pressures (NGO) (Matten & Moon 2008b).

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

CSR is a voluntary commitment by businesses to implement particular codes of conduct, based on a belief that corporations have duties beyond their shareholders extending to stakeholders. I explore the extent to which the implementation of corporate

It seems that the objective of the CSR has been misconstrued. Every company must have its CSR activities keeping in view the needs of the locality where it is situated and also the prevailing environment.

There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.