Ethics and Social Responsibility History In a business sense ethics emerged in the 1970s but social responsibility actually emerged in the 1950s when organizations began believing that they should be operating in a way that would increase the benefits and reduce or eliminate harms caused by their operations (Perks‚ 2011). In light of the recent ethical scandals of organizations such as Enron this has really become a vital part of organizations. Further‚ over the last 60 years businesses have
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Lesson 4 Social Responsibilities of Business You know that business is an economic activity‚ which is carried out on a regular basis to earn profit. However‚ you must have seen businessmen spending money on different aspects‚ which is not going to give them any profit straightway. For example‚ you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some
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Corporate Social responsibility Introduction A few years ago firms only goal was to gain economic profit from their businesses. In recent times it has been discussions if economic profit are the only reason for businesses to exist (Klonoski 1991) In modern society the belief that businesses have responsibilities against the society they operate in have grown bigger‚ but there are still people and organisations who believe that gaining economic profit from their business are the only thing they
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Name – Mamta Timane Subject – Organization Development Assignment – GE Workout Three activities are generally mentioned as being keys to General Electric’s success: process mapping‚ “best practices” benchmarking‚ and “workout” (Stewart‚ 1991). Workout is GE’s approach to intensive team problem solving. An organization contacted us with a desire to adapt a GE workout-type process for use in their organization. We believe our efforts to respond to our client’s questions and concerns about the
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Social Responsibility “Social responsibility is defined as an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact” (Ferrell‚ O.‚ & Fraedrich‚ J. (2010). Stakeholder Relationships‚ Social Responsibility‚ and Corporate Governance. In Business ethics: Ethical decision making and cases : 2009 update (7th ed.). Mason‚ OH: South-Western Cengage Learning). There are four main types of social responsibility which are economic‚ legal‚ ethical‚ and
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outsource its production to another country. Some may think that companies only outsource for inexpensive labor. This could in fact be the situation for some businesses. Those businesses do not take into consideration the need to uphold their social responsibilities. Patagonia does outsource its production to other countries. This company is not only considering discounted labor. They do take into account the working conditions of its employees. Also‚ they take into consideration the conditions of the
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Respondents Agree CHAPTER 1 Social Responsibility Framework • U.S. corporations should have more than one purpose. They also owe something to their workers and the communities in which they operate‚ and they should sometimes sacrifice some profit for the sake of making things better for their workers and communities. Source: "How Business Rates: By the Numbers‚ Business Week‚ Sept. 11‚ 2000‚ pp. 148-149. Social Responsibility Defined • Social responsibility What do you believe organizations
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CYBER CRIME Cyber Crime is an evil having its origin in the growing dependence on computers in modern life. A simple yet study definition of cyber crime would be “unlawful acts wherein the computer is either a tool or a target or both”. Defining cyber crimes‚ as “acts that are punishable by the information Technology Act” would be unsuitable as the Indian Penal Code also covers many cyber crimes‚ such as e-mail spoofing‚ cyber defamation etc. Cyber crimes refers to unauthorized access
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S.P. MANDALI’S R. A PODAR COLLEGE OF COMMERCE AND ECONOMICS MATUNGA‚ MUMBAI-400 019. A PROJECT REPORT ON Corporate Mission‚ Stakeholder ’s Ethics and Social ResponsibilityGoogle Inc. SUBMITTED BY Haldipur Raunak Rajesh Shobhana M.COM (SEM. II): STRATEGIC MANAGEMENT SUBMITTED TO UNIVERSITY OF MUMBAI 2012-2013 PROJECT GUIDE Prof. Dr. (Mrs) Vinita Pimpale S.P. MANDALI’S R. A PODAR COLLEGE OF COMMERCE AND ECONOMICS MATUNGA‚ MUMBAI-400 019. CERTIFICATE This is to certify that
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and ethical implications involved in this case‚ including an analysis of the university’s social responsibility‚ and an overview of the scandal in terms of three ethical theories: utilitarianism‚ Kant’s categorical imperative‚ and ethical relativism. Table of Contents I. Introduction (Stephanie) A. Purposes of Paper * Analytical paper - “3 value” analysis of law‚ ethics‚ and social responsibility * Current‚ controversial‚ and narrowly focused topic involving business directly
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