Business Ethics – Corporate Social Responsibility Case Study

October 17, 2021 by Essay Writer

The presented case study explores the issue of business ethics in details. The premise of business ethics is that every firm or corporation is able to behave in a moral manner. Social responsibility is also a critical aspect of business ethics. Every company should always support the expectations of its stakeholders and clients. Business ethics focuses on the best practices towards better organisational practices.

Business ethics also protects the rights of every citizen. Moral principles and regulations facilitate or support the field of business ethics. These regulations ensure businesses deal with the ethical issues affecting their stakeholders. Business ethics is a wide field because it explores the conduct and behaviour of individuals, business organisations, and corporations.

The field is also hard to define. Business ethics proposes the best practices and policies in order to make corporations responsible. The field also addresses controversial issues affecting business organisations. Firms can use the concept of business ethics to deal with discrimination, bribery, corporate social responsibility, and corporate governance.

Business ethics is widely contested because some critical thinkers and analysts dispute its premise. A good example includes libertarian socialists. These socialists argue that business ethics is something unattainable. This is the case because many firms cannot support the needs of their stakeholders. The case study offers the best discussion on business ethics.

This philosophical concept explains why companies should embrace the best practices and management theories. The discussion presents the best ideas towards dealing with every business malpractice. The philosophy offers some of the best approaches towards better business practices. Governments should identify the best laws in order to make corporations accountable and responsible.

According to libertarian socialists, business ethics is an oxymoron. This concept explains why business ethics might not be possible in different companies or societies. The most serious issue is the question of social responsibility. This issue is critical because it captures the performances and practices of every organisation. Corporate Social Responsibility (CSR) identifies the practices of corporations in every country.

CSR encourages companies to follow every regulation or law. Corporate Social Responsibility ensures every business provides the best care and support to its stakeholders. These stakeholders include customers, employees, business partners, communities, and clients.

CSR explains why companies should follow every ethical or moral principle. Corporate Social Responsibility remains a major challenge in many societies. According to libertarian socialists, business ethics might not be possible because many companies want to remain profitable. A company that fails to obey such moral laws is unethical.

Corporate Social Responsibility explains why U.S. companies should not pay bribes in any society. The practice will make the firms ethical. Some companies engage in unethical and unfriendly practices in order to increase their profits. Such companies will not consider the rights and expectations of their customers or stakeholders. The best solution is ensuring every business or company is morally responsible.

Corporate Social Responsibility is a critical branch of business ethics. CSR is relevant because it helps businesses achieve their objectives. The government should formulate stringent laws in order to ensure every corporation is moral. A socially responsible company will achieve its goals easily.

The operations of the firm will also be lawful. Corporate Social Responsibility remains a critical question in many societies. This explains why the best moral principles and ethical considerations will address this question.

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