Trying to ignore the social responsibilities might stain an organization’s image and reputation. Thus, performing social responsibility is not simply a choice; it is a need of any corporation. In the twenty-first century, businesses are in the bottlenecks where globalization, science and technology advancement and integrated knowledge are taking place in today’s society (Chan, n.d.). To gain a foothold in this economy, image and reputation play an important role to differentiate a company from one another. With good reputation, it helps firms to create competitive advantage in the business environment.
Examples of selfish behavior are depicted in the work force. People in the business world have minimal consideration for the prosperity of their coworkers, or much concern for the social feeling that we recognize as important. Many business practices are literally established on the rule that a superiority of one employee can only develop from the drawback of another. Employees are not repremanded for such conduct even though there is a obvious cruel intention behind it. Daily business habits that convey self interest and lack social feeling towards others contaminate society in general, making it difficult for people to pursue their conscience in the civilized way they desire.
People choose their governments and they should operate the economy and practice its power to maintain a stable growth of business and balance the income between poor and rich. In conclusion, Friedman fights for the concepts of the soulless capitalism and shows that the benefit of the people is increasing the profits. In contrast, Colin disagrees with Friedman and argues that the arguments of Friedman do not reflect the reality how corporations act and their independence of the society is a huge logical mistake Friedman presents. Business ethics is a window dressing by corporations to advertise their brands and attract people to buy their products; a corporation can act ethically just to hide its real intentions of maximizing
So understanding that management might take our firm stance on increasing worker control and improving pension benefits as a sign that the Grandville plant will be less responsive than ever to business needs, we will also propose that management introduce profit-sharing. By tying the businesses profit directly to the income of the workers, management can rest a bit easier knowing that our workers won’t be purposefully crippling the business by refusing technology that might improve plant efficiency and business profitability, because that would very well hurt the workers,
I think these 2 managers along with their subordinate sales representatives can’t reach the customer expectations. 4) To improve customer satisfaction- as per the survey conducted to identify the factors used by customers to select their suppliers, I think AMCO has a good reputation, product quality and service but to improve service time and reduce the price there is a need of change in organization structure. This is evident in survey, large customers who rely on bidding process to purchase expect quick delivery. 5) To improve customer purchase options- I think the current existing purchase options are limited to bidding or purchase by negotiation. These process hinders to attract new customers so to improve the reachability to customers there is a need to change in organization structure.
It doesn 't help me. So I am going to focus on what I can control. If a proactive person owns a business where he sells a product, instead focusing on "how people these days don 't appreciate good products anymore, and how the government has horrible regulations". He focuses on "how can improve my product, so my customers can 't live without it". Do you realize how much responsibility, how much dedication, how much hard work comes along with asking that questions.
The misconduct of code of ethics by the management level by Enron corporation has led to the another question – The ultimate responsibility of a corporation towards society ? The ultimate responsibility of a corporation is to gain profit or become a stable economic unit ? (Johnson , 2014 ) In this case , it shows that under normal circumstances the management level of a company or corporation will choose to hide the truth over honesty and integrity .In other way , profitability has override the important of ethics in the corporation .
1) Evaluate how Nestlé 's approach to corporate responsibility was good for their business. Corporate businesses generally have to meet ethical, legal, commercial and public expectations. That is what is expected of the business world today. This is known as the Corporate Social Responsibility (CSR). However, businesses with short-term goal will rarely practice CSR since practicing it does not bring any benefit.
So that, international business ethics take center stage as a major concern of the modern era. The earlier opinion stated that a business cannot be ethical, but this opinion is not used anymore in the modern business. Today business has belief that they must be responsible for social since they live and operate within a social structure. The key factors that make business ethics is important at the quarter of the 20th century are corporate social responsibility, corporate governance, and globalized economy. The culture of an organization, or else we can call it as the philosophy of an organization which is related with ethics have a great relationship with the performance of a business in long and short term.
It wasn't clear what need the Segway was filling. The initial price put it out of reach of many customers. Segway kept secretly the product until launching, there was no user feedback in the process. Segway did extensive product testing, but missed the most important thing. They did not test how Segway PT would look in the eyes of customers.