Ethical Theories Of Corporate Social Responsibility
2.0 Content
Corporate Social Responsibility (CSR) defines as a company’s sense of obligation towards the community and environment as well as in the economy it engaged. In otherwords, an organization behave beyond compliance and engages in actions that appear to further some social good, beyond the interests of the firm and that which is required by law. Corporate Social Responsibility is increasingly important in this nowadays to businesses as it may determine how the well the business will be doing. It helps to build up a good reputation and aid in embedding an ethical and socially responsible image to its stakeholders, thus generating a better business prospect. Additionally, it benefits the business in terms of creating awareness among its stakeholders, expanding their scale of operations by gaining trust and certainty. Corporate Social Responsibility is proven to be a competitive advantage as it is able to change consumer or customer preferences towards a businesses which practices it.
2.1 Ethical Theories
Under Ethical Theories there are a few approaches focus on the ethical requirements that solid the relationship between business and society. The core of the three approaches below which introduces is based on the concept of the right things to do or the essential to enhance social welfare. 2.1.1 Universal rights
The Universal Declaration of Human Rights (UDHR) commonly known as Human rights is a declaration adopted by the United Nation Assembly
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