Business Ethics and Social Responsibility

Topics: Ethics, Business ethics, Corporate social responsibility Pages: 6 (3326 words) Published: November 6, 2014
Title Assignment topic 1) What are your preferred definitions of business ethics and social responsibility Why have you chosen these definitions 2) What is one key issue in the area of business ethics and social responsibility that is relevant, currently, to your organisation and your industry (You need to explain the issue and show its relevance to your organisation/industry) 3) What strategies could your organisation adopt to address this issue (You need to explain these fully) Word count Words Executive Summary There have been drastic changes today that have and continue to influence business ethics. However, organizations are lagging behind these changes or simply ignoring business ethics all together. Recent companies have failed to practice business ethics and social responsibility as their primary aim remains on making profits. The issue is that in fact, management have been blindsided by their need to make monies under whatever circumstances necessary which usually constitutes for foregoing ethical practices. The most credible of organisations and employees have indeed professional integrity and have been reliant on a code of ethics for the organizations principles and standards of practice. The plight of society continues to surround business ethics and corporate social responsibility which is yet to surface most organisations. The subject of Business Ethics and Social Responsibility introduces current issues experienced in organizations and provides guided analysis to enable a better understanding and appreciation of these issues. Illustrations of consequent economic costs having failed to practice ethical behaviors and social responsibility by the organization and individuals within have been provided also. Presented in this paper, with the aid of an example organization- Marpol Distribution Limited a family owned and operated Hardware and Auto supplies wholesale distribution company, are a wide array of ethical issues recognized within its business activities with proposed solutions in order to address the aforementioned issues. TABLE OF CONTENTS 1. Introduction......3 2. Defining Business Ethics and Social Responsibility.............4 3. A lack of business ethics and social responsibility at Marpol Distribution Limited ......5 4. Addressing the issues of Marpol Distribution Limited...............7 5. Conclusion ............10 6. References .............12 7. Appendix..........13 1.Introduction The relevance and necessity to which business ethics and social responsibility hold within any organisation is inordinate compared to the practices of most organisations presently. Therefore, the wellbeing of society and todays business world is at stake since it lies in the hands of business leaders who fail to exercise ethical procedures. The confidence in business operations once held by customers have been drastically shaken due to the collapses and corporate scandals surrounding some of the most pioneering and respected companies such as Arthur Andersen, WorldCom, Tyco and the most famous Enron (Studymode.com, 2012). Hence the urgency and necessity for the incorporation of ethics and social responsibility in business decision-making and strategic planning is heightened together with the compulsory provision of pertinent education to forthcoming business leaders in order to operate a sustainable and protected organisation. I believe that business ethics goes beyond the laws and legality, instead it teaches positive attributes such as respect, honesty, politeness which should be adopted into business practices (Inc.com, 1996). Furthermore, Ghillyer suggests in his book Business Ethics Now that there is a choice guidance for persons by ways of either moral standards or the moral compass of others in determining suitable behaviour which has influences stemming from cultural backgrounds or traditions to the norms of the environment in which we are positioned (2012). On the other hand, the social responsibility of...
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