Ethics And Social Responsibilities In Management

Words: 1180
Pages: 5
Open Document
A Role of Ethics and Social Responsibilities in Management.

Ethics can be defined as a process of evaluating actions according to moral principal of values(A.Alhemoud). Throughout the centuries people were trying to choose between profit and moral. Perhaps, some of them obtain both, but every time it could have roused ethical issues. Those issues concern fairness, justice, rightness or wrongness; as a result it can only be resolved according to ethical standards. Setting the ethical standards for the way of doing business in corporation is primarily task of management. Corporations have to maintain the same standards as an individual person and, in addition, corporations, as organizational units, have their own social …show more content…
On the other hand, being ethical can be clever marketing strategy.
Increasingly, consumers are swayed by "non-commercial" factors, such as whether the product harms the environment . "Firms such as Ben & Jerry's, an ice cream maker and Body Shop international, a cosmetics retailer, have enforced their brands by publicizing their ethical standards...Calmins Engine , a maker of diesel engines , made the product greener while lobbing for stricter pollution laws. Dp Pont, a leading producer of ozone damaging CFCs, became an early member of anti-CFCs lobby partly because it knew it was well ahead of its rivals in developing alternative."( The Economist December 23 1996) But ethical self promotion can backfire. As in the case of Body Shop company that was publicly enforced to rephrase a statement that its product were not tasted on animals (Some other companies did that in the past). This accident made many consumers to question Body Shop ethical standards. Another interesting issue in corporate management is social responsibilities. Social ________________________________________________________
________________ Frank Lalli "A Question of professional ethics" responsibilities can be defined as set of obligations an organization has to protect and enhance the society in which it functions.(Ricky W. Griffin.
Show More

Related Documents: Ethics And Social Responsibilities In Management

Ethics Reflection Paper

Ethics Reflection Paper Lourdes Munoz STR/581 Strategic Planning & Implementation September 2nd, 2010 Gary Solomon Abstract Ethics and Social responsibility resides in an important set of our own personal values. When it comes to Business matter and operation the customer must feel confidence and this has been taken for granted several times on recent corporate scandals and collapses, a perfect example of missed conducted ethic and responsibility is Enron. Is extremely important for companies…

Words 1102 - Pages 5

Ethics Reflection Paper

Ethics Reflection Paper Ethics and social responsibility are key factors when planning one’s personal life or planning for the success of a business. When companies develop strategic plans, they must consider what role ethics will play and how social responsibility will affect the plan keeping stakeholders need at the forefront. If businesses and individuals are making a conscious effort to display ethical behavior, ethical perspectives and beliefs should evolve over time much like what has happened…

Words 1105 - Pages 5

Quality Mgmt paper

Ethics and Social Responsibility Quality Management Corporate executives are faced with the challenge of balancing the stakeholder profits with a strong ethical code, but focusing too much on one area will cause the other one to suffer. Technology has made it easier for information about companies to flow freely and ethical failures are quick to be identified by the public. Failure to operate an ethical business could lead to brand failure through negative public exposure. The Strategic…

Words 859 - Pages 4

Ethics And Social Responsibility In Developing A Strategic Plan

Ethics Paper The purpose of this paper is to explain and define the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. This paper will include an example of a corporation overstepping ethical boundaries for stakeholder agendas and what type of preventative measures were used to avoid to the situation. “It is said a corporation has no morality, but a corporation with conscience men is a corporation with a conscience-Henry David…

Words 1194 - Pages 5

Essay on Business Ethics and Csr in the Context of Samsung

BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant…

Words 3281 - Pages 14

The Role of Ethics Essay

The Role Of Ethics Jauwanna Pitts STR 581 April 8, 2013 Robert J. Mascarenas The Role Of Ethics Ethics is defined as a moral philosophy or code of morals practiced by a person or group of people (Merriam-Webster, 2013). Ethical considerations for a company’s stakeholders must be accounted for when creating a strategic plan. The following paragraphs will focus on the role ethics plays in creating a strategic plan and how those ethical considerations affect the company’s stakeholders…

Words 1230 - Pages 5

Essay on Case Study 03 Ethics In Business

Business 501 Managerial Accounting Case Study 03 Ethics in Business Kajli Agrawal The principles and values that define an individual’s activities and decisions are known as ethics. It is hence important for any organization to set a code of ethics that would drive the organization in its policies, decisions and programs. The definition of Ethical code of an organization can play a pivotal role to the reputation, productivity, culture and the entire business. The ethical code with which…

Words 1254 - Pages 6

Ethics: Strategic Management and Discretionary Responsibilities Essay

Ethics Paper MGT/498 Ethics Paper Companies have ethical and social responsibilities to society that extend beyond making a profit. Strategic decisions often affect more than just the corporation. Certain decisions that a company makes can affect the company’s workforce, the community where the company is located, and the customers who use the products or services provided by the company. In this paper, the subject to explain is the role of ethics and social responsibility in developing a strategic…

Words 838 - Pages 4

Ch2 Outline Essay

Chapter Overview Individual ethics – people’s beliefs about right and wrong, good and bad – are heavily shaped by personal values and morals, as well as social and cultural influences. Ethical behavior is behavior that conforms to generally accepted standards about beneficial and harmful actions. Since the ethical behavior of individual employees has a direct effect on their companies, many organizations are adopting formal statement of ethics. Social responsibility refers to how a company meets…

Words 2360 - Pages 10

Ethics: Morality and Social Responsibility Essay

Ethics Reflection Paper STR/581 February 11, 2013 Brian Rowland, MBA Ethics and social responsibility play an important part in the value belief system of individual. In the business…

Words 558 - Pages 3