Thai Quoc Son Individual Assignment 
Name: Thái Quốc Sơn
ID: SB60525
Class: SB0767
Individual Assignment
The relationship between business ethics (BE) and corporate social responsibility (CSR)
I. Abstract
Business ethics and social responsibility are two concepts many individuals believe go hand in hand for companies in the business environment. Business ethics imply a system of moral principles and rules of conduct applied to business so that the business should be conducted according to certain self-recognized moral standards. This is with a view that the interests of society and of the business sector itself should not suffer. The ethics are the same as those, which every individual in society and society as a whole should abide by. Corporate social responsibility is a form of corporate self-regulation integrated into a business model. It is also called as corporate conscience, corporate citizenship, social performance, or sustainable responsible business. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors
II. Definition
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization's culture sets standards for determining the difference between good and bad decision making and behavior. In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right. The phrase 'business ethics' can be used to describe the actions of individuals within an organization, as well as the organization as a whole.
“Corporate social responsibility is a multidimensional construct comprising four subsets of economic, legal, ethical and voluntary philanthropic responsibilities” (Carroll, 1989). The economic responsibilities of a business are to produce goods and services that society needs and wants at a price that can perpetuate the business and satisfy its obligations to
ID: SB60525
Class: SB0767
Individual Assignment
The relationship between business ethics (BE) and corporate social responsibility (CSR)
I. Abstract
Business ethics and social responsibility are two concepts many individuals believe go hand in hand for companies in the business environment. Business ethics imply a system of moral principles and rules of conduct applied to business so that the business should be conducted according to certain self-recognized moral standards. This is with a view that the interests of society and of the business sector itself should not suffer. The ethics are the same as those, which every individual in society and society as a whole should abide by. Corporate social responsibility is a form of corporate self-regulation integrated into a business model. It is also called as corporate conscience, corporate citizenship, social performance, or sustainable responsible business. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors
II. Definition
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization's culture sets standards for determining the difference between good and bad decision making and behavior. In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right. The phrase 'business ethics' can be used to describe the actions of individuals within an organization, as well as the organization as a whole.
“Corporate social responsibility is a multidimensional construct comprising four subsets of economic, legal, ethical and voluntary philanthropic responsibilities” (Carroll, 1989). The economic responsibilities of a business are to produce goods and services that society needs and wants at a price that can perpetuate the business and satisfy its obligations to