Introduction to the Business Ethics

Added on - 28 May 2020

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Running head: BUSINESS ETHICSOrganizational Challenges of Profit, Goals and Corporate Social ResponsibilityName of the Student:Name of the University:Author Note:
1BUSINESS ETHICSTable of ContentsIntroduction......................................................................................................................................2Corporate Social Responsibility in Global Context.........................................................................2Model of CSR..................................................................................................................................3Challenges of Profit, Goals, and Corporate Social Responsibility..................................................4Conclusion.......................................................................................................................................7References........................................................................................................................................8
2BUSINESS ETHICSIntroductionBusiness ethics are considered as the unwritten or written codes of principles that governthe organizational decisions within a corporate scenario. According to Ruggie (2017), theorganizational culture sets the appropriate standards for ensuring the bad or good decisionmaking and justified behavior to perform the internal functionalities. The ethical approachesreflected through the organizational performance that helps in acquiring the greater profitabilityand achieving the determined goals (Wang et al., 2016). However, it has been observed that thebusiness marketers often fail to maintain the appropriate ethical concerns that develop theremarkable corporate social responsibility. Therefore, it becomes quite difficult to sustain thecompetitive landscape for a long term period. The study would thus reflect on the necessity ofcorporate social responsibility in a global context and the importance of maintaining the businessethics within the organizations. Furthermore, the study would also analyze the underlyingchallenges to achieve the profitability parameter and the business goals.Corporate Social Responsibility in Global ContextThe modernized business entities strive to meet the higher standards of the ethical, legal,environmental, public and commercial fields. Therefore, the maintenance of thecorporate socialresponsibilityhas become one of the most significant considerations for the global businesses(Filatotchev & Nakajima, 2014). The continuous and frequent changesin the legal,technological, economic, social, and political structure have been signifying the considerablechallenges for the global organizations. As per the triple bottom line mode, it is notified that CSRof a company depends on three major responsibilities, such as, environmental, social, andeconomic factors. These organizations are embedded in and they interact with the different
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