January 22, 2013
Ethics is described as the consensually accepted standards of behavior for an occupation, a trade, or profession (Wheelan & Hunger, 2010). This includes the study of values such as the essential equality of all men and women human or natural rights, obedience to the law of land, concern for health and safety and, increasingly, also for the natural environment. It is coming to know what it right or wrong in the workplace and doing what 's right. It includes study of universal values which includes values such as essential of equality of all men and the essential equality of all men and women, human or natural rights, obedience to the law of land, concern for health and safety and, increasingly, also for the natural environment (Ethics, 2013)
Social responsibilities are an organization obligation to make decisions that will enhance the welfare and interest of society within legal and ethical constraints that extends beyond making a profit. Decisions made should not be unethical so that the reputation of the corporation is not jeopardized. Even though part of social responsibility is to increase profits by doing so organization have to stay within the rules of game which means to engage in open and free competition without deceptions or fraud (Wheelan & Hunger, 2010).
Ethical behavior and social responsibility are similar but different they both demonstrate a standard of moral behavior, behavior that is accepted by society as right or wrong is considered ethics. Social responsibility is about improving the quality of relations with key stakeholders. In business an ethical code is very important to have, these codes set the standards of your company. Social responsibility is a continuance of ethics it involves more than just the principles of ethics it also includes integrity, fairness, and respect which affect stakeholders.
Companies have a responsibility to their
References: Ethics. (2013, January). Retrieved from http://www.businessdictionary.com/definition/ethics.html Wheelan, T. L., & Hunger, J. D. (2010). Concepts in Strategic Management and Business Policy: Achieving Sustainability (12th ed.). Upper Saddle River,, NJ: Prentice Hall.