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Business Ethics and Corporate Social Responsibility: Business Success - Essay Example

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The paper presents the goals and activities of the business are conducted honestly and people involved treated fairly. It also makes sure that corporations and companies are responsible for their actions. The business of ethics and corporate social responsibility focus on issues concerned with morality…
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Business Ethics and Corporate Social Responsibility: Business Success
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Download file to see previous pages In every business, they have their own way of doing things and offering services to their customers. This is where there are customs, beliefs, and culture created which the employees follow as they handle their customers. The codes of conduct within organizations vary in many ways. Some societies may accept the use of bribes while in others it condemned thus due to this the codes of conduct vary. We also find that some countries are prone to corruption thus when a business is situated in that country they tend to follow the norms.
Due to these variations in social norms, individual values, and cultures of the society in which the business is situated, it is the function of business ethics to standardize all. It ensures that the good moral conducts are followed thus contributing to the success of the business. As seen earlier the corporate social responsibility outlines the ethical concerns in business by showing the groups to which it is responsible. It involves putting business ethics into action. The groups it deals with are the stakeholders and the environment of the firm. These include the employees, suppliers, customers, the community, shareholders the government and the society. The relationship between the business and these groups should be conducted morally and ethically.
This is for example to the shareholders they should be treated well by having their correct share depending on how they invested. This amount is to be shared compared to the amount to be reinvestment back in the business. We find that businesses ethics influence shareholders. Some shareholders like the banks who lend money to the company expect their profits back in time and if this is delayed they a times change their decisions. ...Download file to see next pagesRead More
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