Business Ethics Governance and Social Responsibility

Running head: BUSINESS ETHICS GOVERNANCE AND SOCIAL RESPONSIBILITY
Business Ethics Governance and Social Responsibility
Name of the Student
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BUSINESS ETHICS GOVERNANCE AND SOCIAL RESPONSIBILITY1
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................3
Case: Business concern towards Ethics, governance and CSR..................................................3
Company’s Overview and related facts.....................................................................................4
Current Issues.............................................................................................................................6
In terms of Governance, Ethical business practice and CSR.................................................6
Theories......................................................................................................................................8
Leadership theories and governance......................................................................................8
Carroll’s CSR Pyramid and Corporate citizenship................................................................8
Traditional and contemporary ethical theories.......................................................................9
Business Ethics.....................................................................................................................10
Sustainability........................................................................................................................10
Stakeholder analysis.............................................................................................................10
Agency theory......................................................................................................................11
Recommendation......................................................................................................................11
Conclusion................................................................................................................................12
References................................................................................................................................14

BUSINESS ETHICS GOVERNANCE AND SOCIAL RESPONSIBILITY2
Introduction
Business does not work at an individual level. Their working process and ethical
concern directly affect the organization’s performance and all the people connected to it.
Every organization need to maintain a healthy relationship with their stakeholders for their
survival and growth (Lawrence and Weber 2014). Therefore, the organization is required to
give an effective return to their shareholders, a well-satisfied job to their employees,
trustworthy products or service to the consumers, responsible relationship with the
community and towards a clean environment. To fulfil all these requirements, an organization
need to associated with good corporate governance, and CSR policy as well as must be
having concern for the ethical doings in the business. CSR and corporate governance both
concepts are interrelated with the ethics. Ethics is the set of moral principles and standards
that governs the behaviour of an individual or an organization about their right or
wrongdoings (Christensen 2013). Ethics deals with the moral duties and obligations with an
explanation of what is right to do and not right to do. Corporate governance is the application
of the management practices, adherence to the ethical standards and acquiescence of law that
maintains a stability between economic and social goals (Jin, Drozdenko and DeLoughy
2013). The application of good corporate governance leads to an increase in profits as well as
the company's reputation. Corporate Social Responsibility reflects the company’s ethical
behavior with respect to the society and environment along with maintaining the relationship
with the stakeholders.
The report aims to analyze the ethical performance of an organization in general and
any issue related to it. The report discusses the theories related to business ethics, corporate
social responsibility and corporate governance. The analysis for the ethical issues and
concern is done with the use of different theories like CSR Carols model and stakeholder
theory. The organization for preparing this report chosen here is Amazon that is a

BUSINESS ETHICS GOVERNANCE AND SOCIAL RESPONSIBILITY3
multinational company. The paper has discussed certain facts and existing issues relates to
the governance, ethics and CSR of the chosen organization. The company is facing certain
issues related to the human resource, environmental concern and governance that must be
resolved by the organization as soon as possible.
Discussion
Case: Business concern towards Ethics, governance and CSR
The concept of ethics varies person to person as per their understanding, principles
and priority. However, business ethics keep an organization on track for what is right or
wrong in their doings that can affect the company’s profit and relationship with the
stakeholders (Monga 2017). The term ethics can be defined as a set of business principles that
guides the organizational practices that also tends to show concern towards society as a whole
while making profits. The business leader keeps in mind several factors such as technology
advancements, globalization, mission and vision, opportunities and threats. An ethical
decision taken by the organization as their priority reflects a concern towards all including the
stakeholders, consumers and cultures. Jack Ma, who is the Founder and Executive Chairman
of Alibaba Group whose order volume is more than the combined volume of eBay and
Amazon, said never deceive others whether it is in business or life. He was deceived by four
companies in the year 1995 and all that is closed today. He is clearly against the bribes and
unethical practices. Another business leader Azim Premji, Chairman of Wipro Ltd, states that
the real threat of business is from within, that is lack of integrity and from poor ethical
standards, which results in incalculable harm. Today’s organization is required to have ethical
values that benefit them with safeguarding their reputation and any negative coverage.
Good governance means a complete set of rules and principles that develop with the
time so that to meet challenges in several areas such as reputation, quality, risk, and