Business Ethic

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• Ethics & Governance Essay

  ...3. Corporations practicing stakeholder management will be more sustainable. Discuss. Over the years, social and ethical concerns have brought attention to the community that caused much bitter conflict to the relationship between business and society. As people become better educated and more affluent, rising expectations naturally follow for major institutions and these developed a backdrop against which criticisms towards businesses have grown. Therefore, these created the need for them to assume greater societal responsibilities rather than mere ruthless pursuit of own profits. Many businesses today share the same viewpoint that making profit for profit’s sake no longer leads to sustainable performance, stakeholder management has become an increasingly important aspect of a business’ operation integrating traditional economic considerations with environmental and social concerns (Jones 2012). While doing well and doing good are no longer seen to be mutually exclusive, corporations practicing stakeholder management is highly debated to be sustainable to a large extent. With all the benefits that it brings, this approach however also has its fair share of limitations to be discussed later in this essay. Outlining the term ‘sustainability’ Sustainability is the capacity to endure. One of the best known general definitions about sustainable development was expressed as “meeting the needs of the present without compromising the ability...

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• Business Environment Essay

  ...BUSINESS ENVIRONMENT ASSIGNMENT-1 1. Discuss the concept of Corporate Social Responsibility with the help example of corporate Entity you know? Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. Let me explain the Corporate Social Responsibilities shown by TCS The guiding principle of TCS’ Corporate Social Responsibility programs is “Impact through Empowerment,” where empowerment is a process of strengthening the future today, so that risks are minimized, value created and certainty is experienced. The core areas for TCS’ CSR programs are education, health and environment. The choice of education as a theme flows from TCS being in the knowledge domain. Similarly, attention to the cause of health acknowledges that health is a vital precondition for promoting social good. Concern for the environment is in line with our belief that this global cause demands our attention to ensure a sustainable and productive planet. These themes are established centrally for adoption or adaptation across all geographies. TCS' Approach TCS has chosen the following channels to drive its CSR initiatives: * Developing innovative solutions to address large-scale societal problems by...

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• Principles of Business Management

  ...efficaciously, even easily to be reported potential ethics violations caused by undermine ecological environment in the earth surface layer. During the excavation of raw materials, will destroy the surrounding environment, removing vegetation, water pollution, noise and exhaust gases and so on. Furthermore, production or to explore the same time, if the management of front-line staff lack of supervision, it is easy to occur the matter outside the regulatory approvals, such as pollution and environmental damage assessment is beyond the previously acceptable circumstances; hire illegal workers, employee payroll deductions or benefits employees to work in unsafe conditions and so on. There most overlooked here is the law. Moreover Interface is also a profligate water user, requiring millions of gallons a year for its manufacturing process. That amount of water equivalent to 5.4 Olympic-size swimming pool. These are just wasting resources activities and only adopting follow old-fashion procedures for economic profitable but also those are not smart strategy on operation at all. Question 2 As explain the Interface Company’s environmental vision to task force. I am going to revolutionize the relationship between the business and environment. So I would like to use the Five P’s of marketing to sustainability in long-term development. That is refers to: People, Product, Place, Profits and Process. First, the most important people in my...

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• Examine the Key Influence on Operations Which Contributes to the Business Success Essay

  ...Executive Summary This Report will examine how the major influences on Operations which contribute to the success of the business with focus all of the major eight influences, these include Globalisation, Technology, Environmental Sustainability, Legal Regulations, Corporate Social Responsibility, Quality Expectations, Government Policies and Cost based Competition. This report will also examine the impact of the influences on businesses such as Billabong, Westpac, Holden, Woolworth and Coca-Cola. Globalisation Globalisation is the internationalization of trade and often forces businesses to adopt new strategies for operations to suit different cultures and economies. The often easily saturated domestic market has triggered many large businesses to expand globally for the purpose of increased sales and profits. Globalisation allows businesses to enter new markets, increase the size of their product range and the size of their operations, thus leading to the successful business. One such business that has successfully undergone the process of Globalisation is Billabong. Billabong’s approach in their expansion into foreign markets has allowed the stakeholders of the business to access to the numerous advantages of globalisation, such as the expansion through new markets. New Markets Billabong commenced with global expansion with the aim to increase revenue and profitability as their original domestic niche...

  1595  Words | 6  Pages

• case study CSR Essay

  ... ECONOMICS CASE STUDY ASSIGNMENT: Corporate Social Responsibility What in it for business? Introduction Within the last two decades awareness of the ecological impacts of human activities has grown considerably. Nowadays, people expect companies to be conscious regarding their public and ecological responsibilities against society and conform their businesses in compliance with their obligations. My case study assignment will be structured as follows: it will start with the introduction, followed by the main body that consists of three parts and finalised with the conclusion. Main body 1. Corporate Social Responsibility (CSR) Nowadays, companies in a free market economy are required to be trustworthy, demonstrate transparency and accountability as a consequence social responsibility has turned to be a key issue in their business ethics. Customers have become increasingly aware of how they want companies to behave: both ethically and at the same time contributing to economic growth and development (Carroll&Shabana, 2010). For instance, a couple of years ago the worldwide famous company Apple faced a media scandal when they were accused of using cheap underage labour in their plants in Asia. Corporations benefit from being socially responsible as this helps them to increase sales, labour and trust in the company as a whole, especially when government regulation over their activities...

  1258  Words | 6  Pages

• Essay about Business Ethics

  ...Amtrak’s Case Study LS312: Ethics and the Legal Environment Unit 4: Assignment Kaplan University Professor Bill Mulherin January 3, 2013   Amtrak’s Case Study Corporate social responsibility can create big problems if corporations do not handle difficult situations properly, especially when there are accidents involved. According to the eGuide to Ethics and the Legal Environment chapter 2, “CSR is a business practice that demands that business organizations look to the effect their decisions have on multiple stakeholders” (eGuide 2013 pg. 3). I would have to say after reading The Wreck of Amtrak’s Sunset Limited, the question of “Who was at fault” would be a difficult task to determine. However, I will do my best to break this case study down into elements that will eventually present an idea as to who truly was at fault for the derailment, which was caused by a towboat which was lost in the dense fog and hit the bridge while pushing 6 barges and knocked the track out of alignment. I will present to you all the stakeholders involved in this derailment, as well as their interests in cleaning up the mess this “normal accident” left in its wake. Next, I will explain the four areas of the corporation's social corporate responsibilities including the economic, legal, ethical, and philanthropic areas. Based on these four areas of corporate social responsibility, I will reveal my final summary of who was responsible...

  2424  Words | 7  Pages

• Nestle s Business Ethics Essay

  ...Ronald David Johnson Jr. Nestlé’s Business Ethics Many transcontinental corporations take the classical view of corporate social responsibility (CSR) by focusing on their main objective of maximizing their profits rather than focusing on both profits for the company and the welfare of society. Taking this view can taint a corporation’s reputation as often times bad decisions in business ethics are the result. The Nestlé Corporation ruined its reputation among its customers over thirty years ago as a result of taking the classical view of social responsibility. Since that time, the company has invested much of its resources in gaining back its reputation among both society and its consumers. Nestle is by far a transcontinental corporation. The company is the number one food company in the world and also a world leader in coffee. Nestlé brands more than 8,500 products. (Nestlé Corporation 3-6) The company was founded in 1867 by a Swiss Pharmacist named Henri Nestle who developed the first infant formula. Today 50% of the world’s infant formula is produced by Nestlé. (www.Nestle.com) What did Nestle do wrong in ruining its reputation of being a corporation upholding corporate social responsibility? In the late 1970’s and in the early 1980’s, the company was condemned by health agencies around the globe for its marketing of infant baby formula in third world countries. Nestlé’s marketing campaign conveyed the...

  1310  Words | 4  Pages

• Barclays Bank Business Law and Ethics Essay

  ...BUSINESS LAW AND ETHICS Assignmen ( BA 3 ) : Teacher: David Mwaura Date of submission: 13/06/2012 Executive summary: -Introduction… -What is Corporate social responsibility ?... -Introducing Dell … -Csr strategy of Dell… -Environmental responsibility… -Ethics and compliance… -Creating a healthy workplace… -Conclusion… -REFERENCES… BUSINESS LAW AND ETHICS: Introduction: The definition of corporates social responsibility (CSR) previously given by the commission of Europe was: *Company’s concept of incorporating the social and environmental preoccupation in their business running and also in their interference with their stakeholders willingly *. There is a new definition which has been released in the new strategic plan that aims for providing a new modern vision of the corporate social responsibility and also a global approach: Actions done by corporation to society. In 2006, the first strategic plan was created with the making of European alliance for (CSR), the objective of this plan is to bring up new features for building a sustainable strategy. Corporate social responsibility is actually considered as part of the companies’...

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