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Business Ethics and Corporate Responsibility - Research Paper Example

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1. Do successful profitable organizations have a moral duty to make charitable contributions in an effort to “give something back” to the community? Why or why not? Each profitable organization should not only be concerned about creating profit, but they should set a high level of concern to be given to the community…
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Business Ethics and Corporate Responsibility
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Download file to see previous pages In return, though it may not be required by law, but an organization should have this significant consideration of the welfare of its society through its moral thought (Kettunen 137). It has to start giving concerns not just on its profit-making activities but there should enough time for giving something for the community. In line with this, profitable organizations have a moral duty to make charitable contributions in an effort to “give something back” to the community. At some point, this may not be required by law, but an organization should consider itself as a model within a community on showing the importance of being concerned with others. This is a matter of influencing behavior (Holmqvist 68; Thiele 204). For instance, the human resource is an integral part of the community aside from it belongs directly to an organization. The organization should motivate them so it has to give something back to them. However, the moral obligation to make charitable contributions should be outside the bound of personal gain, interest or concern of an organization in order to impart genuine concern for others’ needs. 2. Do successful profitable organizations have an ethical responsibility to make charitable contributions in an effort to “give something back” to the community? Why or why not? Society has social and moral values. Within these values ethical responsibility is normally imposed. Considering that an organization is an integral part of the society, so then it is not outside the ultimate impact of social and moral values (LePage et al., 2011). It is therefore clear that to make charitable contributions in an effort to “give something back” to the community depends on its prevailing social and moral values. In some countries, it is not ethical to receive certain prize, reward for something out of what good has been done. Some culture just like in Japan has this belief that performing one’s responsibility at work is already sufficiently paid and that other payments outside of it would mean an insult. In the same manner, it may not be always necessary to have ethical responsibility to make charitable contributions to give something back to the community. Considering that an organization has already done what is morally good for the society, then there is no need to have this ethical responsibility to give more just to reciprocate considering that there are different and prevailing social and moral values. For instance, producing the right quality of products that say what they tell they have is enough to give back something out of the high level of trust given by the community. The ethical responsibility to make charitable contributions in an effort to “give something back” to the community depends on the prevailing social and moral values of the society. Thus, it may not necessary to employ it in all the time or everywhere. 3. If you said there was either an ethical or moral duty to make charitable contributions, how does that affect the corporation's duty to its shareholders to maximize profits? Corporate social responsibility is becoming a must especially among profitable organizations. In their implementation of corporate social responsibility particularly on providing charitable contributions, an organization is becoming clear on its role and stand within the society. As a result, an organization creates specific policies and provides information that will always guide its ...Download file to see next pagesRead More
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