Business Ethics Organizational Governance and CSR

Business Ethics, Organizational Governance, and CSR Living an ethical life rests upon an assumption of both identifying and acting upon the good. If humankind identifies the instrumental means to attain the ultimate good, then consistency and reason should motivate a responsibility to pursue the ethical end. Paralleling the desire for individual good, evaluating the aims and actions of business necessitates developing an organizational ethics system, otherwise the objective pursuit of profits appears as the only prima facie guide. However, in the context of morally questionable business activities and government deregulation, Milton Friedmans famous indictment of corporate social responsibility, that, there is one and only one social responsibility of business to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud, emerges unconvincing, although logically consistent. Friedmans singular focus on profits not only implies that all non-shareholders are merely instrumental, but fails to consider the balance of short and long-term strategy. While the simplistic profit motive is convincing in the abstract, this assumes that immediate gains embody contingencies for finite resources and organizational continuity. Corporate Social Responsibility (CSR) aims to transcend the linear transactional model to embrace a holisticShow MoreRelatedBusiness Ethics And Corporate And Management Strategies Essay876 Words   |  4 PagesIntroduction- An Overview It is a viable alternative to apply CSR in Corporate and management strategies to outclass competing companies. An organization by carrying out its ethical principles and convictions in their activities and propagating them via organizational network influences the relationship with shareholders, clients and employees. The application of CSR can lead to social benefits and legitimacy for the firm since it can consider itself as a coalition in which the different stakeholdersRead MoreDefinition Of Corporate Social Responsibility1007 Words   |  5 Pagesresponsibility is similar to the ISO 26000 in addressing the seven principle subjects, organizational governance, human rights, labour practices, the environment, fair operating practices, consumer issues, and community involvement and development. Although, not all issues belonging to these principles were addressed. The strongest attributes of the Rogers CSR definition supported by their 2013 CSR report are organizational governance , fair operating practices, consumer issues, community involvement and developmentRead MoreCorporate Social Responsibility1015 Words   |  5 Pagesare giving more attention to develop a CSR (Corporate Social Responsibility) and mainly their core values. 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Illustrate Your Answer with Academic Literature Review and Examples.3041 Words   |  13 Pagesgiven a challenge task and initiated the work in his own way, worked according to the instructions issued, and accomplished the task. However, the company did not give him any reward, and also no increasing salary, no recognition because if the organizational policies. These factors would have a negative impact and it would also affect the employee’s motivation. Prevent for dissatisfactions To apply Herzberg’s Motivation-Hygiene Theory, managers need to eliminate the dissatisfactions which theRead MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesIntroduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiatives (Chernev and Blair, 2015). It includesRead MoreThe Modern Era Of Social Responsibility1523 Words   |  7 Pagesyou wish to see in the world.† This call to action may be challenging but it is not impossible for businesses to implement. Through effort and diligence, corporate and organizational leaders can responsibly serve the global community in which they provide goods and services. Corporate social responsibility, otherwise known as CSR, has been a topic of interest for centuries. However, the modern era of social responsibility didn’t begin until the 1950s when Howerd R. Bowen (often attributed as theRead MoreCorporate Social Responsibility : A Business Model And Manager s Ethical Values999 Words   |  4 PagesCorporate social responsibility is an ethics that is concerned with a company’s value towards society (Daft, 44). In the book management Daft states, CSR as essentially a concept under which companies voluntarily contribute towards making a better society and a cleaner environment. The book basically has divided CSR into four subdivisions: economic, legal, ethical and discretionary responsibilities. CSR needs a proper organizational environment to be effective and in such a scenario one can say thatRead MoreEthics and Corporate Social Responsibility in Driving Organizational Success for Multinational Companies in Oil/Mining Industry4540 W ords   |  19 PagesINSTITUTE OF TECHNOLOGY GRADUATE SCHOOL OF BUSINESS AND LAW ETHICS AND CORPORATE SOCIAL RESPONSIBILITY IN DRIVING ORGANIZATIONAL SUCCESS FOR MULTINATIONAL COMPANIES IN OIL/MINING INDUSTRY Submitted in partial fulfillment of the degrees Masters in Business Administration Lecturer: Eileen OLeary 2010 By: Albertus Rendy Buntaran (S3264165) Executive Summary This paper provides a broad definition of ethical behavior and Corporate Social Responsibility (CSR) in the competitive world of oil and mining