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Definition of Social Responsibility in Business - Coursework Example

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This coursework "Definition of Social Responsibility in Business" aims to explain responsible business by analyzing the concepts related to the term. The coursework considers the theme of how organizations create and implement ethical practices in the workplace…
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Definition of Social Responsibility in Business
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Download file to see previous pages From the definition, a responsible business performs actions that are strategic, comprehensive and connect with all the players in the industry. This model describes a way of acting on decisions and problems in a systematic and connected way. This approach also enlightens the leaders of the organization, including the board of directors, the team that deals with the customers, the government and non-for profits organizations (Pohl & Tolhurst, 2010). According to the tenets of responsible business, apart from making profits, an organization should also encourage practices that reflect ethical, social and environmental goals. This can be done by employing business practices considered responsible by society. For example, the provision of safe and healthy working environments for employees, being an equal opportunity employer, avoiding inequality and injustice in the organization, and avoiding bullying, harassment or discrimination in the workplace (Sanford, 2011). This can be done by setting organizational policies and cultures that reflect the factors mentioned above and ensuring that the employees and management follow these policies. Additionally, societal and environmental concerns are applied when the policies that guide the organization are made, which is mainly done to influence other stakeholders in a business. Reducing risks faced in the working environment also makes up part of the responsible business model, for example, by reducing the environmental and health risks faced by employees in the organization. Additionally, the organization should also work to ensure that risks that its operations pose to the society and community are reduced through the use of responsible work technologies and procedures (Smith, 2010). The term responsible business covers a wide range of factors, and some of the concepts that it encompasses are CSR, ethics, business sustainability, and social considerations. The application of these factors ensures that a business’s operations are considered responsible. Responsible businesses adhere to these practices in order to ensure that it continues with profitable ventures in the community and follows the ethical codes dictated by society. Another concept that is similar to responsible business is corporate social responsibility (CSR), which refers to the analysis of an organization’s duties and how its actions degrade or uplifts the community in which it operates (Kotler & Lee, 2011). Another factor that relates to responsible business is an ethical business. A distinction between a sustainable and ethical business is that a business that places emphasis on a specific code of conduct is referred to as an ethical business, while a sustainable business is one that is able to continue operations through sustainable trading. Ethical Business Ethics is one of the issues make up an individual’s personality, makes the basis for behavior, morals and determines the values that form the basis of society. However, with the difference in origins and backgrounds of all individuals, the definition of ethics is complicated. From every individual’s background, the environment, education, and rules imposed to ensure that the definitions of ethics differ across cultures and individuals. From the definition, an ethical business is one that has specific and applicable codes of conduct and ethics that govern operations and the relation with the external environment.  ...Download file to see next pagesRead More
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