Ethics Ethics is the discipline that deals with moral duty and responsibility. It can also be consider as a set of lesson rationale or values. Morality is an ism or system of moral conduct. In other word, it is a set of moral rules that govern how a business operates, how business decisions are made and how people are treated. Business Ethics Business ethics (also known as corporate ethics) relate to convention, standards and moral principles regarding what is right or wrong in specific situation.
Introduction CSR (Corporate Social Responsibility) standard is always problematic to define. As an approach to manage the variation between organizational behaviors, social values, and community’s expectations, CSR works a tool for strategic issues management. It also becomes a theoretical basis for a company to develop a harmonious relationship with the community (Community Development). Therefore, CSR is the moral responsibility that a company has to conduct for its strategic stakeholders, especially for the community around the operational areas. It is the commitment of a company to account for the impact of its operation in social, economic, and environmental dimensions (Achda, 2006).
‘Corporate social responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large’. World Business Council for Sustainable Development (2000). Simply, it describes how business decisions and activities are impacted to operate in an economic, environmental and social manner. ‘Recent years have witnessed a growing interest in corporate social responsibility and in calling corporations to account for their impact on the environment and on non-shareholding stakeholders’ Solomon (2013). However with this growing interest, there has also been an increase in the issues facing
CSR is closely linked to "sustainable development", in which there is an argument that a company in carrying out its activities must base their decision not solely based on financial factors such as profits or dividends but also must be based on social and environmental consequences for now and for the long term. Business ethics and corporate social responsibility are two issues that are often overlooked by business people because it is in this article will discuss how business ethics relationship with corporate social
Social responsibility has been defined as a social norm. In this society, companies from the least to the greatest practice Corporate Social Responsibility (CSR). The management and staff of the corporations are expected to perform the right things as their misdeeds may be held accountable. Furthermore, the corporation is required to be responsible for their member‟s behavior. (Seitel, 2003) According to McWilliams, Siegel & Wright (2006), they claimed that although there are numerous definitions of CSR but the given definition is vague and unclear.
According to Moir (2001) who quotes Wood (1991), the fundamental idea of corporate social responsibility is that business and society are not distinct entities but instead interwoven. Additionally, Bremner (1994) opines that the pressure for those who prosper financially to be socially “responsible” has deep historical roots in most cultures and religions. As such, business enterprises have been anchored not only in the desire to solely make profit but also in a broader aim to build “the good society” by attending to the welfare of employees and actively partaking in public life (Hall, 1997; Parkes, Scully & Anson, 2010). Conversely, Aaron (2011) attributes this to the recent ‘corporate enthusiasm’ for CSR which seems to give the impression that companies are genuinely interested in improving the lives of people in communities in which they operate. Arguing that while in some cases it may be true that CSR has proved beneficial to target communities, it also appears that CSR is driven not so much by philanthropic considerations as the profit-maximising calculations of business, implying that corporations are involved in altruistic gestures only if it makes sense business wise (Aaron, 2011).
It may show directions to individual that what is wrong and what is right. It is purely a science or conscience. INTERNATIONAL ISSUES:- Ethical issues are arises in many international transactions and operations. In international level the ethics start familiarity by late 1990’s. There was many issues were there such as culture, norms, values, operations, conduct.
The business ethics course, teaching the social responsibility to the students, aims to raise students who are well prepared and well informed about social responsibilities of business to the society(p.13). Such countries have the potential to bring successful leaders to the society. Also, such countries have the chance to raise business students who are well informed about moral values and
Introduction Corporate social responsibility (CSR) is a concept that is applied to businesses that consider the interests of society by taking responsibility for the impact of their decisions and activities on stakeholders that is, customers, employees, communities and the environment. Definitely, there is general agreement that firms must adopt a wider perspective when setting up their objectives which should not necessary be maximizing profits and expansion. With a view to build a certain goodwill, some businesses want to show a good image to society and this can be done in many ways. Benefits and drawbacks. The concept can also be concerned with reasonable wages and job security for employees.