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Business Ethics, Responsibility and Sustainability (pdf)

   

Added on  2021-02-19

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Table of ContentsTable of Contents.............................................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1Examine and discuss the key challenges relate to corporate responsibility and sustainabilitywithin chosen sector....................................................................................................................1Recommendation to show how business are being more responsible to take account globalconsideration................................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10

INTRODUCTIONBusiness ethics determined as right course of action that takes into account all kind offactors of doing activities (Shapiro, 2018). It is inclusive of production, business process, firmbehaviour with communities and customers in which it operates. Henceforth, this analyses theissues relate with moral obligations to future generation with respect to environment. Therefore,it is management and coordination of environmental, financial and social demands to ensureresponsible, ethical and ongoing success. Thus, sustainability methods and principles havepositive impact on organisation that can aids to community and environment (Nor, 2019). The present report is based on to identifying the impacts of ethics, sustainability andresponsibility towards Technology industry. Within the technological industry, large scaleinnovation done by trends such as internet of things, business model transformation, cybersecurities and analytics etc. Therefore, social media platform like Facebook and LinkedIn mustuse Artificial intelligence to analyse the user online activity and demographics as way ofimproving user experience. Furthermore, report will focus over to identify the challenges and core issues in sectors asHR, management, financial, research and development and marketing. Lastly, assignment willhighlight the ethical and moral issues in industry with use of theory and practice as corporatesocial responsibility, concept of Bowen and constitutionalism etc. MAIN BODYExamine and discuss the key challenges relate to corporate responsibility and sustainabilitywithin chosen sector. Corporate social responsibility termed out as concept that cab ensure their capacity forcompanies in order to meet their capacity for long term value (Kovacevic and Zijada Rahimic,2019). This stated as to have continues commitment to entity to behave ethically and to haveeffective contribution in economic development to improving the quality of life of theworkplace. Henceforth, the main aim of CSR is to operate business practices in such manner thatmeet out the ethical, legal, commercial and public expectation. Methodology of corporate social responsibility- It is the procedure that assessing enterprise impact on society and also evaluate itsresponsibilities. Thus, each aspect defined in below contexed manner as- Customers1

SuppliersEnvironmentCommunities EmployeesCorporate social responsibility is maintainable as its inclusive of activities that can also beupheld by the enterprise without negatively impact over business growth (De Caro, Vaccarezza,and Niccoli, 2018). It is not only about protecting the business environment but this also relatewith considering the entire presentation of firm from internal process to clients take businesssteps during day to day operations. Enterprise must have to recognize CSR to manage thebusiness process and to shape responsible and supportable relationship with society. Issues and challenges- The prime purpose of CSR is to make corporate business activities more sustainable inthree ways as: economic, social and environmental. It is crucial to pay equal amount of attentionto the all three dimensions in terms to satisfying the need and wants of customers (Ferrell,Ferrell and Hair, 2019). Therefore, it can be stated that customer satisfaction is only relate withthe price and service. It covers the broad spectrum of issues and that must be taken to conductthe business activities. This is inclusive of working conditions, human rights, environment,preventing corruption, corporate governance and consumer interest and taxes (Crane, Matten,Glozer and Spence, 2019). Thus, CSR impacts various services within the industry and thatdefined in following manner are as- Thus, Human resource managers are professionals that plays crucial role to help firm toachieve CSR objectives. Therefore, involvement of employee is one of the critical successfactors of performance of CSR. Within the technology sector, employee’s programmes promotelearning and development, health & safety and to provide ethics training so that better andpractices can be carried out. Thus, corporate responsibility and sustainability has huge impactover to produce overall positive affect on community as a large. It is crucial to understand thegrowth factor of technology industry. With the help of implementing it, the entity can able todevelop and shape responsible and supportive relationship with society. Corporate responsibilityand sustainability evolves with number of business practice and this is crucial to have advanceunderstanding, responsibility towards the working. Henceforth, sustainability termed out as toreduction of environmental impact and this mainly relate with the wider relationship between2

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