Many companies have used corporate social responsibility (CSR) for different reasons. CSR has been used to address cultural, ethnical, and political issues all around the globe. Companies usually develop a CSR policy that acts as a guide to the type of CSR the company engages in to keep tabs on...
Introduction Today, more than ever before, it is becoming increasingly impossible to overstate the assertion that there exists a business case for business ethics and corporate social responsibility (CSR) owing to their immense contribution to firm competitiveness (Vogel, 2005). Indeed, as suggested by Vitell and Hidalgo (2006), many business executives...
Businesses have had various ethical issues and problems as far as their operations are concerned. In this case, there is a need to understand the ethical and moral issues that businesses are currently exposed to. This means that there are various differences that need to be understood. As a matter...
Morals are values and character that a person holds. These values can be applied in the workplace since it is a social setting (Fredrick, 2002). This is where ethics comes in. It implies the standards and expectations of a group towards the individual who holds these moral values. Ethics applies...
Introduction Ethics and morality are two aspects of business operations that are vital to the success of any business from the owner’s perspective and that of the public. Before distinguishing the two terms, it is worthy to note that ethical business norms have been evolving ever since man discovered the...
Introduction Reports on corporate social responsibility usually contain recent publications on an organization’s sustainability initiatives as well as non-monetary corporate accountabilities. In fact, the pages on corporate social responsibility (CSR) reports of any corporation normally file the entire media bulletins that are linked to various publications (Boubaker & Nguyen, 2012)....
The fast growth in science, technology, economy, and politics has made ethics and professional standards an important issue which raises the concerns of the public. Ethics and professional standards refer to how an organization combines its core values with its business policies and practices. Ethics and professional standards form the...
Summary Corporate social responsibility may be described or referred to as the unspoken contract, which exists between a business society and society. This relationship is based on the kind of business that organizations operate within a given society. It is worth appreciating that corporate social responsibility is an important aspect...
Summary Social responsibility is a strategy used by organizations that focuses on fulfilling the economic, legal, ethical, and philanthropic responsibilities expected by its stakeholders (DuBrin, 2009). Social responsibility has many benefits for both the organization and its stakeholders. Some of these benefits include; enhancement of trust in the company’s stakeholders,...
Evaluation of company Q’s attitude toward social responsibility Company Q’s attitude towards social responsibility can be described as negative. It is clear that the company is highly sensitive to its performance and almost all of its efforts are directed towards profitability. Theoretically, corporate social responsibility concerns a company’s ability to...
