Business Ethics and Social Responsibility

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