is about how companies manage the business processes to produce an overall positive impact on society. Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. Business Ethics:
Ethics is the study of moral obligation, or separating right from wrong. Although many unethical acts are illegal, others are legal and issues of legality vary by nation. One of the many reason ethics are important is that customers, suppliers and employees prefer to deal with ethical companies. A majority of full-time workers say it is critical to work for a company that is ethical. More than one month in three worker says they have left a job because of ethical misconduct by fellow employees or managers. Philosophical Principles Underlying Business Ethics
A standard way of understanding ethical decision making is to know the philosophical basis for making these decisions. When attempting to decide what is right and wrong managerial workers can focus on 1. Sequences 2. Duties, obligations and principles or 3. Integrity Focus on Conssequences and Pragmatism
When attempting to decide what is right or wrong, people can sometimes focus on the sequences of their decision or action. According to this criterion, if no one gets hurt, the decision is ethical. Focus on The Rights of Individual ( deontology)
The third criterion for determining the ethics of behavior focuses on the character of the person involved in the decision or action. If the person in question has a good character, and genuine motivation and intentions.