Corporate Ethics & Corporate Social Responsibility - Essay Example

Comments (1) Cite this document
Summary
This essay describes Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. The essay mostly focuses on corporate social responsibility in the context of increasing privatization of schools in the United Kingdom…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Corporate Ethics & Corporate Social Responsibility
Read TextPreview

Extract of sample "Corporate Ethics & Corporate Social Responsibility"

Download file to see previous pages 2000). According to the definition, companies should commit themselves to behave in an ethical way and should also ensure that they contribute towards economic development and also ensure that its workers, the local community and the society at large. Even though no direct reference to profitability is made, it can be understood from the words 'contribute to economic development' is indicative of the fact. This definition is nearly a decade old and the scope of CSR has taken a much bigger dimension with the passage of time. According to the publication, CSR, from peoples perceptions across the globe should have, to name a few, a concern for future generation, concern for the environment, transparency, a global outlook and partnerships with other organizations in furthering its obligations. For more clarity a more contemporary view is also given here. "CSR covers all aspects of corporate governance. It is about how companies conduct their business in an ethical way, taking account of their impact economically, socially, environmentally and in terms of human rights. This moves beyond traditional business stakeholders such as shareholders or local suppliers." (Corporate Social Responsibility: What is CSR 2006). What all this ultimately suggest is that CSR is gaining in scope and importance and will continue to do so in the future with newer and additional responsibilities being added.
Stakeholders: For any organization to grow it has to see that its stakeholders are well looked after. It is easy to say, but a difficult thing to achieve. Stakeholders include everyone who is having a direct or indirect interest in the affairs of the organisation. It means that a diverse range of people with...
The researcher also gives some concluding remarks on the topic. It is stated that global capitalism has no impact on the education sector in the UK. Corporate social responsibility will remain the same because a privatized sector will tend to behave in the same way across different sectors. It is profitability and free market enterprise that ultimately determines CSR. Primary and secondary education is necessary and compulsory to every citizen and hence it is better that it remain in the public sector. The researcher presents the view given by Friedman that education, especially primary education is compulsory. A privatized sector will not be able to give quality education at low prices or for free. The university level education can be privatized but under the following conditions. All universities have to be given autonomy as far as syllabus and teaching methodology are concerned. The UK has a long history of distinguished institutions and there would be no lack of experience in creating quality syllabus and methodology. State funding can remain, but there is no harm in allowing privately owned universities in the country. Such institutions should be registered as not-for profit societies. Initiatives can be taken up by philanthropic and visionary businessmen. Such organizations will have a greater sense of responsibility than organizations formed for profit. To conclude, the researcher states that whatever the outcome be, education should have quality and should be affordable to everyone at least in the early periods. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Ethics & Corporate Social Responsibility Essay”, n.d.)
Retrieved from https://studentshare.org/business/1511861-corporate-ethics-corporate-social-responsibility
(Corporate Ethics & Corporate Social Responsibility Essay)
https://studentshare.org/business/1511861-corporate-ethics-corporate-social-responsibility.
“Corporate Ethics & Corporate Social Responsibility Essay”, n.d. https://studentshare.org/business/1511861-corporate-ethics-corporate-social-responsibility.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ya
yazmin53 added comment 1 year ago
Student rated this paper as
The topic of "Corporate Ethics & Corporate Social Responsibility" is quite often seen among the assignments in college. Still, this text opens a brand new perspective of seeing the problem. I’ll use the idea for my own research.

CHECK THESE SAMPLES OF Corporate Ethics & Corporate Social Responsibility

Ethics and Corporate Social Responsibility

...? Ethics and Corporate Social Responsibility Since late 1970s, various organizations have addressed business ethics in different ways, as well as the development of codes of conduct, hiring of corporate responsibility managers and training programs of all kinds, introduction of compliant managers and programs, the preparation and dissemination of value statements, and the addition of board-level ethics committees. Studies conducted in 1960s indicated that European-based corporations were a head of their United State-based counterparts in implementing sustainability and...
10 Pages(2500 words)Essay

Corporate Social Responsibility and Ethics

...?Corporate Social Responsibility and Ethics Table of Contents Table of Contents 2 0 Introduction 3 2.0 Is Anderson to blame at all for this accident? 4 3.0 What aspects of corporate citizenship and stakeholder theory can be used here? 7 3.1 Corporate Citizenship 7 3.2 Stakeholder Theory 11 4.0 Conclusion 15 References 16 1.0 Introduction Dow Chemical Company (the holding company of Union Carbide Corporation) is a pesticide manufacturing company of the US which had started its plant in Bhopal about several years ago. The plant had faced tremendous challenges as well as accidental hazards due to various shortcomings in its...
14 Pages(3500 words)Essay

Business Ethics and Corporate Social Responsibility

...? Business Ethics and Corporate Social Responsibility The concept of Business Ethics The purpose of a modern public corporation is thought to be the maximising of its shareholders’ wealth. Other goals such as serving customers, building great products or providing good jobs are seen as being legitimate business ends only if they increase “shareholder value” (Stout, 2012) . Top business schools teach that maximizing profits and shareholders wealth is the primary measure of managerial competence. Corporate compensation policies including pay-for-performance schemes and stock options have also tended to perpetuate this...
5 Pages(1250 words)Essay

Business Ethics Corporate Social Responsibility

...the problem at hand not decisions that are likely to impact negatively on the targeted people. 6. Merck had an ethical obligation in as far as the development of the drug was concerned. First foremost, it is Merck’s responsibility to establish the impact of the drug on the targeted people. Even if the drug had a small chance of curing river blindness, it would be Merk’s duty to ensure that the company upholds its ethical principles in as far as health and safety of the targeted people are concerned. There should not be any chances used when a drug that impacts on the health of people is developed. The main issue here is that the company should be sure that it is doing the right thing in...
4 Pages(1000 words)Assignment

Ethics and corporate social responsibility

...Business Ethics and Corporate Social Responsibility Introduction Coca-Cola Company was established in 1886 and it has grown to become a leading manufacturer, distributor, and marketers of non-alcoholic beverages (Coca-Cola Company, 1). Moreover, they involve distribution of concentrates and syrups that are used for production of more than two hundred brands of beverages. This Company was stated in Atlanta, where their corporate headquarters are located; in fact, they have grown, thereby venturing into international markets and operating in more than two hundred countries in the around the world. Ethics Published company code of...
5 Pages(1250 words)Case Study

Corporate Social Responsibility (Business Ethics)

...CORPORATE SOCIAL RESPONSIBILITY Introduction Corporate social responsibility is an important but "evolving" concept and thus while it may be easier to define it; it is certainly difficult to explain the motives of a company behind adoption of this strategy. It is believed that firms are not always interested in long term image enhancement that results from CSR but some are simply looking for immediate financial gains accruing from spending on community projects. CSR, regardless of a company's primary objectives, is an important subject of debate in business ethics study since it is commonly believed that if a firm earns...
13 Pages(3250 words)Essay

Ethics and Corporate Social Responsibility

...Ethics and Corporate Social Responsibility Introduction One of a corporation's primary objectives is to operate in a socially responsible manner. Our society gives considerable freedom to organizations, both public and private. In return, organizations are expected to function in a manner consistent with society's interests. Social responsibility refers to the expectation that business firms should act in the public's interest. As a matter of fact, businesses have always been presumed to provide employment for individuals and to offer goods and services for clients. But...
6 Pages(1500 words)Essay

Business Ethics & Corporate Social Responsibility

...Running Head: Business Ethics and Corporate Social Responsibility: Cases Analysis CASES: MAPLE LEAF CASE STUDY: AN EXAMPLE OF CRISIS MANAGEMENT Pritesh Patel Professor: Dr. Mark Schwartz Course Code: ADMS3660, C Student No.: 209-586-223 Date: July.28th, 2010 Word Count: 1630 Abstract It is the right of the consumer to use a product without having to worry about any problems that the product may inflict on the consumer. In August 2008, the Canadian food manufacturer Maple Leaf came under close scrutiny after the products the company produced were found to contain Listeria. 22 people died while multiple others suffered serious illnesses. The company immediately suffered a...
5 Pages(1250 words)Case Study

Corporate Ethics, Governance and Social Responsibility:

...Corporate Ethics, Governance and Social Responsibility Table of Contents Overview 3 Company Profile 5 Complaints against the Company 6 Role of the Management at This Situation 9 9 Conclusion 11 References 13 Bibliography 15 Overview Ethics, Governance and Social Responsibilities are the vital issues for corporate to deal with in this modern era of globalization. To state about the implications, these three terms are inter-connected to each other. Corporate Governance, to be precise is a grouping of laws, rules and regulations, customs, and processes that in direct or indirect manner...
10 Pages(2500 words)Term Paper

Corporate Social Responsibility and Ethics

...by others and marked them in human history as profit mongers, ethics less business tycoons who valued individual benefit much above the optimum social solution. In its effort to ensure the entrusted corporate social responsibility a modern day corporate must ensure fulfilment of its duties towards the social, moral and environmental aspects of its surroundings. Bhopal Gas Disaster in a Nutshell: The chances of a possible gas disaster at Bhopal that ultimately broke out during December the 2nd and 3rd 1984 were rooted long back in the early half of 1970s. In those eras India was a country dying for foreign investment as...
14 Pages(3500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Corporate Ethics & Corporate Social Responsibility for FREE!

Contact Us