Wednesday, October 16, 2019
The Business of Ethics and Corporate Social Responsibility Essay
The Business of Ethics and Corporate Social Responsibility - Essay Example Business of ethics and corporate social responsibility focus on issues concerned with morality. They focus on the issues that cover business activities fully such as reducing pollution, exploiting raw materials responsibly, frauds in the corporation and even fair payment. The relationship between business and ethics is complex and it incorporate approaches such as individual choices on what is right and wrong. This is where the individualââ¬â¢s decision is put on consideration. It also incorporate the values of what is bad and right involved in the business premises. In every business, they have their own way of doing things and offering services to their customers. This is where there are customs, beliefs and culture created which the employees follow as they handle their customers. The codes of conduct within organizations vary by many ways. Some societies may accept use of bribes while in others it condemned thus due to this the codes of conduct vary. We also find that some countries are prone to corruption thus when a business is situated in that country they tend to follow the norms. Due to these variations in social norms, individual values and cultures of the society in which the business is situated, it is the function of business ethics to standardize all. It ensures that the good moral conducts are followed thus contributing to the success of the business. As seen earlier the corporate social responsibility outlines the ethical concerns in a business by showing the groups to which it is responsible. It involves putting the business ethics into action. The groups it deals with are the stakeholders and the environment of the firm. These include the employees, suppliers, customers, the community, shareholders the government and the society. The relationship between the business and these groups should be conducted morally and
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