The Relation Between Ethics and Social Responsibility
Business organizations and leaders might examine the manner their decisions regarding social responsibility and it can include economic, cultural, and environmental issues. If business ethics is integrated with social responsibility, then businesses can make a huge difference and can enhance their reputation.
Many companies have adopted a social entrepreneurship business model that focuses on the application of innovative, practical, and sustainable approaches for society. One example to combine social responsibility and business ethics is to focus on the advantages of the environment.
- Selling biodegradable products, paper towels, chlorine-free tampons, natural cleaning products, and natural lotions.
- Developing a bonus program for employees who makes the goods of the company more sustainable.
All organizations should manage the ethical behavior of their employees. If the employees conduct themselves ethically, they create respect and trust, which makes businesses productive. Business ethics are the standards and principles that decide acceptable behavior in business organizations. On the other hand, personal ethics means the values, standards of conduct, and principles of employees.
The acceptability of business behavior is not determined by the organization but also stakeholders including competitors, customers, interest groups, government regulations, public, and personal values and principles.
As stated by our Ethics and Social Responsibility coursework experts, businesses must not just focus on making profits but they must consider the social outcome of their activities. Social responsibility is the obligation of the business to maximizing its positive impact and reducing its negative impact.
Business ethics is related to the decisions of an individual and the group that is evaluated by society as wrong or right. However social responsibility is a wider concept and it is concerned with the effect of the activities of the business on society.
Determining Social Responsibility
A major part of ethical business is looking out for ways for minimizing the negative impacts of society along the complete chain of operations. It means sourcing materials for avoiding goods that are associated with harm to society.
As mentioned in our Ethics and Social Responsibility case study assignment samples, companies should look out for ways to procure goods from parties that have certifications. Social responsibility includes protecting the environment, globally and locally. It includes setting objectives to reduce greenhouse gases and avoiding using harmful chemicals.