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THE RESPONSIBLE BUSINESS

2023-09-09 07:58:27

Each factory has two factory explosions. Costs causing damage and death are the same, but one is caused by lightning strikes and the other caused by corroded pipe and smoking workers. One is the behavior of God and the other is negligence. The only difference after these incidents is who is responsible and who pays the invoice. Finally, in either case responsible action should be taken. It is because ethical measures should be taken to protect these assets when life and money are handed over to others.

d. Business Decision to Expand Ethical Responsibilities Business decisions that have ethical responsibility must take into account the impact of decisions on a wide range of stakeholders beyond the narrow focus on shareholders. In a general sense, company stakeholders, whether good or bad, are affected by internal decisions. However, not all forms of influencing behavior cause this concern. There is a big difference between threats and causes between manipulating someone and persuading someone. This course addresses the tension between knowledge and action by emphasizing moral judgment, ethical prudence and ethical decision-making.

Business ethics is research on business policies and practices such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary responsibility. Business ethics is often influenced and guided by law. In some cases it may be a standard such as minimum wage or a more comprehensive set of responsibilities and requirements may be given. The main purpose of business ethics is to ensure trust between the company and consumers. Business ethics indicates that the same level of service should be provided, regardless of whether the business is trading with partners or new customers.

Social responsibility and corporate ethics are often considered the same concept. However, the social responsibility campaign is only one aspect of the overall discipline of business ethics. The social responsibility campaign emerged, especially in the 1960's, and the public is increasingly aware of the business role in helping to foster and maintain society, especially in high moral practices in the natural environment.

Corporate social responsibility or Corporate Social Responsibility (CSR) involves people and organizations who act ethically, carry out business, and are sensitive to social, cultural, economic and environmental problems . Fighting for social responsibility helps individuals, organizations, and governments have a positive impact on development, business and society. While business outcomes, investments, free enterprises, and other traditional economic forces continue to drive industry growth, the reputation of the organization and the ability to effectively compete on a global scale are both decisions and performance improvements It depends on inclusion of social responsibility efforts in