Excerpt from Research Paper: Ethical Responsibility of Corporate America. Many organizations strive to increase their profit margins by doing everything possible (including unethical practices) to increase their revenues. Nevertheless, the past three decades have seen some organizations embracing CSR (Corporate Social responsibility) Business Ethics and Social Responsibility and Its Impact on Efficiency Executive summary The current report is a research report made by the ABC consultation firm that supports the claim on being more ethical and socially responsible in business, that is, it increases efficiency in the workplace social responsibility has to be based on an enduring ethical foundation. Ethics today is very wide segment. It is simple and ‗counterintuitive‘ leading to truth, of course, not everything that is true, is obvious or simple. However, after this, brief, on ethical management and ethics in general, the paper delves to its main objectives
Business Ethics and Social Responsibility Research Paper
Ethical Responsibility of Corporate America Many organizations strive to increase their profit margins by doing everything possible including unethical practices to increase their revenues. Nevertheless, the past three decades have seen some organizations embracing CSR Corporate Social responsibility. This idea has become significantly important to almost every organization that seeks to increase revenues.
Corporate social responsibility is also referred to as community responsibility, stewardship, corporate sustainability, corporate responsibilityaccountability and corporate ethics among others. In essence, CSR enable organizations to bring in people and the environment into their decisions, strategies and plans Anyango Ooko, In ethics and social responsibility research papers paper, the use of the term corporate social responsibility will mean a set of actions by enterprises that are geared towards meeting the legal, ethics and social responsibility research papers, economic, and discretional responsibilities that the stakeholders expect them to fulfill.
They should undertake the economic obligations of producing profits, and meeting the consumption requirements of the people; legally, ethics and social responsibility research papers, they are expected to fulfill the economic duties, and mission within the legal boundaries; the firms' ethical obligations are to follow the ethics and social responsibility research papers of good conduct defining behaviors in society while the discretionary concerns are non-mandatory actions expected by the stakeholders Anyango Ooko, The foundation of CSR is compliance with the laws and regulations that show commitments and duties of an organization.
The values, strategy, operationsand decision-making entails the environmental, social and economic concerns of the public and different stakeholders of an organization. The organization must be transparent, and accountable while creating wealth, improve community and enhance good health Anyango Ooko, The Corporate Social Responsibility CSR and Corporate Governance CG management system aims at defining, understanding, and improving the balance between ethical practice and business.
The organizations must show their competence to both the stakeholders and investors. Again, they are required to comply with the requirements of emerging CSR and CG agendas. Moreover, the managers and the directors of the organization should operate their enterprises in a more profitable way and still be responsible for their decisions.
Holding businesses responsible for CSR It is known that many companies do not implement CSR simply because they consider it waste of money and resources. Additionally, the organizations that claim to follow it consider it a burden too, and they invest little financial resources just to abide by the government requirements.
Nevertheless, ethics and social responsibility research papers, some environmental aspects may compel organizations to venture into CSR activities to survive in the competitive business world and remain relevant. In addition, failure to comply increases the risk of business disruption AnyangoOoko, The environment within which the organization operates is interrelated.
It comprises of governments, investors, employeesinsurers, shareholders, financial institutions among others and it is fair for a business to give back to the public where it operates. This is the sole objective of CSR. The need to conduct an environmental assessment forces businesses to start CSR projects. Opportunities and threats are appraised against the indicators of strengths and weaknesses in the global business arena.
The environmental analysis takes into consideration, the changes in both, internal and external environment. The CSR therefore, forms the basis for this assessment. A firm that just focuses on increasing its profit margins would not have the kind of success that organizations that contribute to the society's well-being and build their prosperity by streamlining their organizational strategies and functionality to environmental, ethical, economical, and social sustainability.
Such organizations that have CSR policies are the ones that survive the challenges of business world eventually AnyangoOoko, Factors that affect the implementation of corporate social responsibility Many studies have been done on the importance of CSR to the economic stability of organizations. However, today, scholars have shifted their attention to the stakeholders of corporate governance CGethics, trustand CSR accountability in the economic conduct.
Many experts argue that not many studies have been conducted to investigate why a company would act in socially irresponsible manner. Moreover, most studies only investigate the link between the financial performance and CSR showing on how CSR impacts financial performance instead of finding out the drivers of corporate governance and corporate social responsibility AnyangoOoko, There is still room to In addition, CSR has gained much attention from the multinational and multidivisional managers and chief executives across the globe.
The demand by stakeholders, the standards, and norms of business, and regulatory bodies for CSR also differ across the nations. Stakeholders including communities and societies demand ethical, economic, legal, and discretionary responsibilities from ethics and social responsibility research papers. Communities and societies have general expectations of social legitimacy from the government AnyangoOoko, There are three levels that is, individual, societal and organizational, and two approaches in which the CSR is categorized.
To start with, individual level examines ethical attitudes, ethical decision -making, and characters like the how values and attitude towards environmental and social stewardship relate. Secondly, the organization level is concerned with decision-making, leadership and strategy, corporate governance, organizational behavior and management of stakeholders among others.
The most significant aspects of business ethics and CSR literature include ethical culturecode of good conduct, the type of business, sanctions, size of the organization and rewards. The third is the social level, where the issues relate to the growth of ethics and social responsibility research papers community and its development, human rightspolicy and regulations, social sustainability development, ethics and social responsibility research papers, public concern and well-being, as well as culture and humanity AnyangoOoko, Normative and prescriptive are the two approaches applied to CSR and business ethics.
The normative approach outlines philosophically-based moral duties and normative rules, and prioritizes moral values while the empirical approach describes and shows how behaviors influence the process of ethical decision-making Anyango Ooko, There is too much pressure on the executives to ethics and social responsibility research papers part in the social responsibility without interfering with their duties that enhance the value of the shareholders, ethics and social responsibility research papers.
The following factors affect the CSR: Stakeholder's expectations The stakeholders' concerns about the firm depend largely on the size of the firm. This also affects the level of association between the firm and the organization, ethics and social responsibility research papers. Stakeholders closely monitor big companies like the smelting and chemical production industries since they are considered more dangerous to the environment and natural resources, ethics and social responsibility research papers.
On the contrary, small businesses have been not empowered to look into these matters of social responsibility. The size of the organization, therefore, ethics and social responsibility research papers, defines the extent of its corporate social responsibilities involvement AnyangoOoko, The risk levels, share profit performance, and profitability are directly influenced by superior environment. The public companies are required to give a report concerning social risk assessment and plans on environmental incorporation in their strategies for investments.
With this in placecustomers and stakeholders feel encouraged to continue partnering with the company in its attempt to realize its goals and objective Anyango Ooko, Corporate Ethics The organizational ethics also have a great impact on the CSR. This is because the morality of the business is tied with the values of ethics in the way a company does business. The society expects a firm to have certain characteristics that demonstrate its moral behaviors in carrying out the business.
Ethics and social responsibility research papers firm should listen to its stakeholders whenever there is a complaint concerning immoral labor practices as well as environmental policies. Similarly, ethical motivation acts as guide to the organization to do the right things on their own, without any pressure from both the customers and the government AnyangoOoko, The values, beliefs and norms of organizations identify them with the environment it operates in.
Corporate ethics influence the corporate social responsibility of an organization. This is a major motivator for organizations to engage in CSR activities. The implication is that their own business ethics and ethics and social responsibility research papers obligation organizations influence it to give back to the stakeholders AnyangoOoko, Contrarily, there is an assertion by some studies that a company will only take part or adopt the CSR principles if it is commercially profitable, and its agendas are socially inclined.
In addition, conforming to the social performance expectations of a given society leads to the achievement of social responsibility. The nature of the organization or its management influences the firm to indulge in the CSR in the business environmentbecause corporate social responsibilities are apparently charitable and optional.
Sometimes an organization may decide to undertake a proactive action on the issues of ethics without any unnecessary pressures to act as it is flexible AnyangoOoko, To add on the same, the culture of the firm that is, assumptionsvalues, and beliefs held by its members is a….
References AnyangoOoko, G. The environmental factors that influence implementation of corporate social responsibility CSR in an organization. Journal of Humanities and Social Science, 19 12 : Castka, ethics and social responsibility research papers, P. Implementing Effective Corporate Social Responsibility and Corporate Governance: A Framework. UK: British Standards Institution. Daft, R. Understanding management. Pearce, J.
The high impact of collaborative social initiatives. MIT Sloan Management Review, ethics and social responsibility research papers, 46 3 : Business Ethics: Corporate Social Responsibility and the Triple Bottom Line Picture two companies, Company A and Company B.
Company A manufactures chemical products and has been on the receiving end of criticism and public outcry for the air and water pollution caused by its chemical manufacturing plant. Due to increased pressure, Company A devises a strategy to start a project that will enable all farmers in the neighboring areas to get. Corporate Social Responsibility Literature Review a topic-Corporate Social Responsibility The term 'corporate social responsibility' is a social word that has often taken the world by a storm at its mention.
Noya and Clarence in their book "The social economy: building ethics and social responsibility research papers economies" offers a succinct description and understanding of what normally takes place and get exemplified at the mention of this term in the business world. Many writers of business journals.
Corporate Social Responsibility and Transnational Companies In this essay, I have discussed how essential Corporate Social Responsibility CSR is for the success of Transnational Corporations.
UN Global Compact is also being discussed. I have also included case studies to support of Nike, Primark and Microsoft. Moreover, I have included positives and negatives about CSR and the factors that exist in CSR which may lead to the success of transnational corporations. Contribution The authors are making a major contribution by focusing on areas that have received limited amounts of study. This is helping to create new ideas about how a more diversified and active board of directors can help to improve social governance.
As a result, there is discussion in how these ideas can be utilized in future studies to help understand the challenges facing firms. Article Four: The. Corporate Social Responsibility Initiatives A corporation that responds positively towards social issues is considered socially acceptable. There are some corporate social responsibility initiatives which the firm should take in order to get socially responsible.
Philanthropy The first way is to donate a lot to charities. These include hospitals, colleges and nursing homes. Learning Tools Study Documents Writing Guides About us FAQs Our Blog Citation Generator Flash Card Generator Login SignUp. Download this Research Paper in word format. Excerpt from Research Paper : Ethical Responsibility of Corporate America Many organizations strive to increase their profit margins by doing everything possible including unethical practices to increase their revenues.
There is still room to.
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Business Ethics and Social Responsibility and Its Impact on Efficiency Executive summary The current report is a research report made by the ABC consultation firm that supports the claim on being more ethical and socially responsible in business, that is, it increases efficiency in the workplace social responsibility has to be based on an enduring ethical foundation. Ethics today is very wide segment. It is simple and ‗counterintuitive‘ leading to truth, of course, not everything that is true, is obvious or simple. However, after this, brief, on ethical management and ethics in general, the paper delves to its main objectives Ethics and social responsibility research papers The enhancement of good practice as applicable to the legislation the third virtual special issue. Also publishes only original articles from csrwire today!
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