Analysis of the Corporate Environment: Ethics, Governance, and CSR

This report provides an in-depth analysis of the corporate environment, focusing on the distinctions between personal and corporate ethics, the roles of various stakeholders, and the importance of social responsibility (CSR). It explores how corporate ethics ensures legal and ethical business practices, emphasizing the significance of stakeholder contributions, including management, employees, and shareholders, in maintaining a positive business environment. The report also examines the influence of corporate governance in structuring ethics and CSR, ensuring legal compliance and employee satisfaction. Furthermore, it compares and contrasts different approaches to ethical decision-making, providing a comprehensive understanding of the complex interplay between ethics, governance, and stakeholder management in the corporate world. The report concludes by emphasizing the crucial role of corporate ethics in sustaining business operations and fostering trust with governmental bodies and the public.

Running Head: ANALYSIS OF THE CORPORATE ENVIRONEMENT
Analysis of the corporate environment
Name of the student
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Author’s Note

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1.1. Introduction
According to the author (Knudsen et al., 2015), the sole objective of the undertaking is
this report to understand the difference that exists among the personal and that of corporate
ethics. Besides, within this specific report, the aim is to evaluate the various perspective, which
makes a particular organisation a positive environment to carry on the desired business activities.
On the other contrary, within this specific report, the activities will comprise of the activities that
stay within the hand of the different stakeholders of the company both internally and that of the
external stakeholders of the company. Besides, every operating organisation has some set of
ethics and principles that is to be continued to sustain not only the business environment but also
to impart its effort within the role of the corporate CSR.
2. Discussion
2.1. The primary difference among the personal set of ethics and that of the business ethics
within the organisational hierarchy.
Personal Ethics:
The set of personal ethics is concerned about what individual body precepts regarding the
external environment. This is oriented with the set of ethics that we gather for early childhood
learning. On the other perspective, it is the personal set of ethics that states us regarding what is
right and what is wrong within the present environmental scenario. Though a personal set of
ethics reflect the cultural background and that of the family background. Besides, it is the
personal set of ethics hat yields the identity of an individual professional.
It is more of a philosophy that is concerned about the fact that it is right and what is
wrong according to individual body perceptions (Ferrell et al., 2015). It is more of the fact that

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what is right and what is wrong, it is more of concerned with the fact that what an individual;
body percept regarding a specific scenario when it takes place being it within the organisational
premises or the external environment. Personal ethics is a development from that of the various
and that of the external aspects they are such as the family background, cultural background, that
of the schooling background, and much more. To understand an individual body’s personal
ethics, one has to evaluate its past background to arrive at a preferable point.
Corporate Ethics:
This is more often about what is right and what is wrong within the organisational
premises. On the other hand, it is about how an individual body undertake s the various business
activities within the organisational premises and that of how the individual body strives to
continue its business undertaking within the present organisational premises. On the other hand,
it is the set of corporate ethics that makes sure that each of the individual employees is carrying
on activities in a manner that align with the policies and that for the rules of the organisations
(Hoffman et al., 2014). This rules and policies are being formulated keeping in mind the nature
of the business undertakings and that of the nature of the risk that stays in the hand of the
concerning business firm.
2.2. Stakeholders role within business ethics?
A stakeholder is made of the different aspect of the contributors to the company that
together contributes to the benefit of their means and for the benefit of the company. The
management and that of the employees are the stakeholders of the company such that they also
have the main set of responsibilities towards the concerning business environment. It is the
management body that makes sure that the employee’s activities are being monitored on a real

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time basis. The various set of the data and information’s regarding the company can create
serious chaos when leaked by the concerning employees of the organisation firm.
Besides, the management body is to make sure that the top management authority body
does not undertake misuse of the power to give shelter to the ones who are not able to perform
within the organisational premises (Carroll et al., 2014). Sometimes the top management body
because of the power and that of the position undertakes the activity of the nepotism this is to be
avoided.
Speaking about the shareholders of the company, they are required to make sure that any
kind of chaos or uncertainty is not to be raised during the profit sharing ratio and that at the time
of business undertaking of the firm. They may create chaos and hamper the normal business
undertaking of the firm. This may be carried out intentionally to cause harm to the reputation and
that of the nature of the business firm.
2.3. Social Responsibility?
The social responsibility of the firm is also addressed as corporate sustainability,
sustainable business, corporate conscience, corporate citizenship, conscious capitalism, or
responsible business is a kind of international private business self-regulation. The government
of any specific country make sit mandatory to make use of the efficient, eco-friendly raw
materials. On the other hand, the government body claims that the business undertaking should
be in a manner that should aim towards the reduction of the harmful chemicals and that of the
wastages from the environment. It is the CSR activities that make sure that the organisational
firm aims at the achievement of the objectives. On the other hand, there is huge amount of the
wastages that is directly being dumped within the nearby land, and the manufacturing activities

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of the firm leads to the emission of the harmful gases and much more harmful chemicals. Thus,
there is a need to take care of the environmental aspect to sustain future days. The achievement
of these objectives is possible by making use of the CSR.
2.4. Role of corporate governance in structuring the ethics and that of the social
responsibility within the organisation?
It is the corporate governance that makes sure that the entrepreneur’s ad that of the start-
up firms undertakes business activities that is legal in the eye of law. The business undertaking
should be carried, keeping in view the safety measures regarding each of the employees within
the organisational premises. On the other hand, it is the corporate governance that makes the
concerning employees satisfied that is a body to take care of their interest and that of their safety.
This manner helps in maintaining a positive working environment within the organisational
premises.
It is a set of mechanism, tools, processes and that of the relations through which the
harmony is being maintained within the organisational premises. It is the corporate governance
rights that elaborate the various set of rules, policies, corporate rights that runs the organisation
in a smooth manner and an ethical manner. Corporate governance is essential within the
organisational hierarchy because of the possibility of conflicts of interests between stakeholders,
primarily between shareholders and that of the upper management body or within the various set
of shareholders (Unit et al., 2015). Besides, it is one of the effective tools for the elimination of
conflicts among the various stakeholders of the company.

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It is the corporate governance that enables an individual to understand what is right and
what is wrong within the office premises. Besides, it is the means which makes an individual
subject to realise the extent of the responsibilities that stays in the hand of every employee.
2.5. Compare and contrast the various diverse approaches regarding ethical decision
making practice?
The various set of approaches are as:
 Kepner and Tregoe's model.
 Deming’s PDCA Cycle “the Deming Wheel.
According to the theory of the Kepner and Tregoe's model, it works on the basic
formulae of gathering the set of information’s and then prioritising it and evaluating it. It was
developed by Charles H. Kepner and, by the Benjamin B. Tregoe in the year of 1960s. This
theory makes use of the basic tools to arrive at a proposed conclusion (Starbuck et al., 2015).
This specific theory, is a quality improvement tool, it consists of the logical sequence of
four repetitive steps for continuous improvement and learning, they are as Plan, Do, Check
(Study) and Act. The PDSA cycle (or PDCA) is also known as the Deming Cycle, the Deming
wheel of continuous improvement spiral.
3.1. Conclusion
Thus, it is being concluded that corporate ethics is a tool for making sure that the
business undertakings continue in a legal term. On the other hand, it is a tool that makes sure that
the illegal activities are being eliminated and the safety of the firm along with that of the
concerning employees is being maintained. Besides, it is the set of corporate ethics that makes
sure that the government of the company can trust the firm and allow the firm to continue in the

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environment. On the other corporate governance is the structure of rules, practices, and processes
used to direct and manage a company. A company's board of directors is the primary force
influencing corporate governance.

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