Ethics and Social Responsibility

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Topic: Ethics and Social Responsibility

·Ethics are an individual belief system that consists of knowing what is right and wrong. - ethics are talked about frequently and addressed in the news when unethical decision are found. Sadly, people do not hear about ethics when others are engaging in ethical behavior on a daily basis. - Keep in mind that things that are not illegal may be unethical. - Ethics can vary person to person.

- Ethics is in part analyzing decision, beliefs, and actions.

·Within the business context, businesses expected to have good ethical values and act socially responsible. - problem: the ethics of a business is a mixture of individual sets of ethics. This is why it is important to have good individuals as employees. - When you go to work somewhere that you feel like you share the values of those you work with. - Ethics is not just talking about the right thing. It is doing what is right in every decision that is made.

·Social responsibility can be an example of ethical behavior. - A business can’t afford to go around doing good deeds if there is no potential pay off. If the business were to loose too much money, then it would cease to exist, hurt customers, and leave employees jobless. - Others argue that social responsibility is shown only when companies go beyond what is optional, and really intend to create a benefit for others besides the company. - Some companies may not benefit from some forms of social responsibility. These businesses should focus on what they do best as a business and give back what they can. - Examples of socially responsible behavior range from projects that raise money for research on diseases, raising money for the needy, requiring workers to volunteer within the community, recalling products that may be dangerous, promoting recycling, and offering free services to the disadvantaged.

·The role of ethics an social responsibility in business
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