Business Ethics And Social Responsibility

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The first step for a business to be ethically and social responsible is by establishing attainable goals and social responsibility tasks for the company. The top-level management should ensure that the goals they set for the business are measureable and all the actions are leading towards the right paths (Rampton, 2017). To become a more ethical business, a company should enforce code of conduct. A company’s values, ethics, objective and responsibilities can be show through codes of conduct. It also acts as a guideline and rules for all the employees to follow while performing their respective tasks (Magloff, n.d.). A cohesive understanding within the company can be create through code of conduct. There are two codes of ethics, which are…show more content…
Top-level management’s members hold the responsibilities to conduct ethical training programs. Ethics training is important since employees’ behaviours will reflect ultimately on the business. It also helps employees to identify their ethical thoughts and issues of their decisions and strengthen ethical standards in daily life (Mann, 2017). A company should customize trainings that employees can relate and connect with when they encounter specific situations. Different roles and different departments’ employees carry out different tasks so a general training is not enough to cater the needs of the whole company. It might be costly but worth it. Besides, employees in the companies have to be assisted in facing all possible issues especially ethical dilemma. Employees need to be aware of the problems they will face in their job. For example, a front line worker need to understand all the decisions and reasons made by the top-level management of the company in order to answer customers’ inquiries effectively. They also need to know how to choose between two or more ethically responsible courses of actions while each of it leads to a different outcome. Companies shall provide more information while leading the employees to choose the best decision that is beneficial to the company. This may make the…show more content…
This can be explained by if a company has carried out social responsibility programs it helps the company to build up its image, reputation and even can increase its competitiveness. By implement social responsibility programs, a company can win employees, customers and society’s trust and respect. According to “Carroll’s CSR Pyramid”, the first level is economic responsibilities, the second level is legal responsibilities, the third level ethical responsibilities and the top level is philanthropic responsibilities. It means that the main goal of the company is earning profits, the second level is obeying the law, the third level is being ethical and the top level is being a good corporate citizen (Dudovskiy, 2012). One of the ways to show social responsibility of a company is through philanthropy. A company can set up a donation box or engage in a fundraising event to make their company more socially conscious. Carlsberg is a good example of doing business ethically because although their main goal is being profitable that is to be the fastest growing global brewer but they also concerned about social well-being. They invested a lot of money and time in community activities for example in education and sports field to return to society They involved in social responsibility programs not only by helping the society but also raises its business values and benefits for their
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