Corporate Social Responsibility and the Corporate Ethics in relation to an Australian manufacturing company - Case Study Example

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The report describes the Corporate Social Responsibility (CSR) and the Corporate Ethics in relation to an Australian manufacturing company. An Australian company, which manufactures vacuum pumps for the hospitality and medical industry, intended to enter the global market to spread the business. …
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Corporate Social Responsibility and the Corporate Ethics in relation to an Australian manufacturing company
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Download file to see previous pages The corporate social responsibility (CSR) is the responsibility which involves an organization for continuous commitment of the ethical behavior to the society. It helps to improve the standard and the quality of life of the employees as well as the life of the society and the local communities (Zimmerli & et. al., 2007). The prime objective of this study is to highlight the various importances of corporate ethics and CSR and the usefulness of these two practices while deciding the global outsourcing of an Australian company with proposed recommendation and conclusion for the overall discussion. Critical Analysis of Ethics, and Corporate Social Responsibility Corporate Ethics Corporate ethics involves the ethical principles of the management as well as of the mangers to persuade them to be translucent in business transactions. Business ethics considers the customer’s feelings regarding planning out the goods and the services provided to the customers. Corporate ethics also considers the stakeholder’s interests to the business. Corporate ethics is one of the most important activities in every organization, especially in relation with the customers and their idea about consumerism. Consumerism refers to the term which describes the rights of the consumers and the legal concerns. Corporate ethics is an evaluation and a study conducted by a business to make decisions in relation to the judgments and the moral concepts. Corporate ethics involves the organization’s responsibilities towards their customers, the commitment to be honest towards the customers. It also involves the responsibility of the company to conserve the nature and the environment. Corporate ethics also involves the protection of the rights...
From the study the main idea has been developed regarding the corporate ethics and the responsibilities of a corporation towards the society. The key findings to be considered by the Australian company are type of the market while entering the global territory, the people of that region, and the environment of the particular country. The other findings to be considered by the company are the various laws and regulations of the other countries, the legal formalities, the consumerism factor and the quality product manufacturing. The Australian company can easily spread the business in global market by considering all these CSR issues and various corporate ethics. The prime objective of this study is to highlight the various importances of corporate ethics and CSR and the usefulness of these two practices while deciding the global outsourcing of an Australian company with proposed recommendation and conclusion for the overall discussion. In relation to the study, conclusively, it can be stated that the corporate ethics is the process of valuing the rights and the moral of the people related to the corporate. Corporate ethics is the responsibility of the corporations towards their employees, workers as well as towards their customers and stakeholders. The approach taken by companies under the purview of corporate ethics is known as corporate social responsibility. In CSR, the companies function to provide the society certain values and they show the concern towards the society and environment being responsible towards the nature. ...Download file to see next pagesRead More
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