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Ethics, corporate social responsibility and global outsourcing: MedClean Ltd Company - Research Paper Example

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The researcher of this current paper will attempt to present a report of critical analysis of the corporate social responsibility of MedClean Ltd Company, which is a manufacturing company in vacuum cleaners for the medical industry and hospitals. …
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Ethics, corporate social responsibility and global outsourcing: MedClean Ltd Company
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"Ethics, corporate social responsibility and global outsourcing: MedClean Ltd Company"

Download file to see previous pages This essay discusses that ethical business practice contributes to the adherence of a company to its corporate social responsibility. A company which is compliant to its corporate social responsibility upholds social values in its goals and in activities such as philanthropic funding and ethical operations which adheres to the legal and environmental regulations of the host country. The assessment of CSR compliance is made possible through the working environment of the manufacturing premises. The reputation of a company within the local and international environment and its standard certification is also used to measure the compliance of ethics and corporate social responsibility. Ethical practice is important in CSR of a company because compliance to CSR does not guarantee that ethical practice is valued. Global outsourcing enables a company to extend its operations into the international market and allows it to enjoy the advantages associated with internationalization. Through global outsourcing a company is enabled to reduce the manufacturing cost and the costs related with compensation of staff. Moreover, through global outsourcing a company is allowed to compete favorably in international business in addition to expanding its market share into international market. An important consideration in global outsourcing is the adherence of the social values of the community in which the company and its global partners operate as a way of ensuring that business ethics and CSR are upheld by a manufacturing company. INTRODUCTION Corporate social responsibility determines the perception of the community on a manufacturing company which determines its success in business operations. Activities a company which demonstrates its compliance to business ethics and CSR such as philanthropic funding and environmental friendliness are described as performance beyond expectation which builds the reputation of a company. Global outsourcing of a company which reduces manufacturing costs is usually successful if it incorporates ethics and CSR. This paper presents a report of critical analysis of the corporate social responsibility of MedClean Ltd Company, which is a manufacturing company in vacuum cleaners for the medical industry and hospitals. The decision of the company to venture into global outsourcing is also discussed in this paper which leads to the recommendations for the best business practices of the company as a tool for success in the achievement of goals and objectives. ETHICS AND CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility: Definition Corporate social responsibility is defined by Hemphill (2004, p. 62) as a group of processes through which companies and business organizations negotiate the responsibilities and roles that they play within the society in which they operate. Ethics is a component of CSR and it represents actions and decisions of a company which affect the perception of the community on its business operations. According to Kleinrichert (2008, p. 475), ethics represents a group of appropriate actions which demonstrates morality of a company. Ethical business operation therefore includes correct decisions on how business activities are to be done as a measure of avoiding adverse effects of business operations on the surrounding community. Palugod & Palugod (2011, p. 14) explain that CSR and ethical business ...Download file to see next pagesRead More
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