Limited-time offer! Save up to 50% Off | Solutions starting at $6 each  

MGT301A Ethics and Sustainability : Assignment

Added on - 15 Apr 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 11 pages
Running head: CORPORATE SOCIAL RESPONSIBILITY AND ETHICSCORPORATE SOCIAL RESPONSIBILITY AND ETHICSName of the Student:Name of the University:Author Note:
1CORPORATE SOCIAL RESPONSIBILITY AND ETHICSExecutive SummaryCorporate Social Responsibility is one of the primal drivers that govern how should anorganisation be reacting and what should be the operational norms of the company. The CSRalso provides with guidelines and norms that help the organisational operations to be ethical andadhering to the environmental and social requirements. CSR has been given an increased amountof attention in the recent times and the changing marketing dynamics have been helpedimmensely by the same.
2CORPORATE SOCIAL RESPONSIBILITY AND ETHICSTable of ContentsIntroduction......................................................................................................................................3Corporate Social Responsibility and business ethics.......................................................................3Drivers of corporate ethics and sustainability.................................................................................4CSR from the perspective of stakeholders’ interests.......................................................................5Adhering to foreign social norms and standards.............................................................................6Compare and contrast the legal versus ethical compliance of CSR from the perspectives ofvarious stakeholders.........................................................................................................................7Ethical branding and corporate reputation.......................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
3CORPORATE SOCIAL RESPONSIBILITY AND ETHICSIntroductionCorporate Social Responsibility (CSR) is a concept that is related to businessmanagement, which implores the different ways an organisation operates and says thatcompanies should be incorporating social and environmental concerns within their operationalstrategies and their interactions with the stakeholders (Crane and Matten 2016). This means thatorganisations should not limit their functions only to managerial operations, but should alsoconcern themselves about the planet and try to create a sustainable mode of operation so that anoverall growth and prosperity can be achieved without harming someone or something in theprocess.Corporate Social Responsibility and business ethicsBusiness ethics are essentially moral guidelines and a conduct code for businessorganisations that tries to establish what is right from wrong and requires the organisations tohave an operational process based on these guidelines. While most people rely on their ownmorality and judgmental skills when making a decision, business entities have to consider manymore aspects and sides before doing so (Schliereret al.2015). In many cases, business owners orthe Board has to take decisions that may look to be unethical and this creates a major tension ofmorality within themselves, for having to deviate from their own ideologies. CSR can be usedboth as an important component of the business strategy or as a defensive policy, with the latterbeing more commonly used. Business organisations have to follow a decorum or an operationalprocess that impacts their industry reputation in a good way and ensures that the company isknown for their customer interactions and services rather than simply quality of the commoditiesand the products that they sell. This is a major way which helps organisations to create theirbrand image in the industry and a loyal customer base (Carroll and Buchholtz 2014). While there
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document