Comparative Business Ethics and Social Responsibility: A Deep Dive

This report provides a comparative analysis of business ethics and social responsibility, examining real-world cases to illustrate key concepts. The report begins by exploring the Cotton On Foundation's social welfare initiatives in Uganda, highlighting its efforts in education and community development. It then delves into the Walmart bribery case in Mexico, analyzing the ethical implications of corporate expansion and corruption. The report further addresses the complexities of globalization within the fashion industry, focusing on labor practices and the exploitation of workers in developing countries, using the city of Dacca as an example. It also examines Starbucks' approach to social responsibility, emphasizing its commitment to stakeholders and employees while navigating financial challenges. Finally, the report investigates financial and accounting fraud, discussing the causes, pressures, and opportunities that lead to such misconduct, referencing the insights provided by Jim O'Toole and David Jolley. The analysis incorporates various video presentations and provides insights into the ethical dilemmas faced by businesses and their impact on society. This report is designed to enhance understanding of ethical challenges in the business world.

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Comparative Business Ethics & Social Responsibility
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Social obligations and corporative morals are considered as the two noteworthy columns that
hold the base of the hierarchical structure of any of the business enterprise (Wararkar, Kothari
and Wararkar, 2016). Both the above-mentioned components are considered as vital players in
the activities and operations of the business organization. The endeavor will accomplish the
coveted targets and objectives if the enterprise is working morally and furthermore if the
business firm knows about the social perspectives then it will be adding a plus point to the
attainments.
Cotton on foundation Wrap Up
The accompanying displayed is one of the cases of my own involvement in which I took an
interest as a volunteer in a sports event and that was organized for a social cause. The charity
event was arranged out for generating an amount for the population experiencing issues such as
unhealthiness and other severe diseases. It was a sports event and for attracting and raising funds
sports persona and some of the local government authorities and celebrities was invited to take
an interest and play the games and other fun activities.
Based on the examination, executed on the exhibited video it has been mirrored that Cotton on
foundation, that is an association offering social welfare administrations to the groups. While
breaking down the recordings, I watched that the foundation is socially engaged towards a
mission of enabling the degenerating and poor groups in Southern Uganda. One of the greatest
mission of the association is to acquire advancements and changes the job and way of life by
building up 20,000 educational infrastructures before the finish of 2020. Based on the present
investigation, I noticed that the cotton on a foundation is having the number of 4285 students
studying and is hoping to build the number and influence it to reach to 20,000 (Cotton on
foundation 2013). For the said objective, the principal activity taken by the business firm is that
the foundation has turned into a partner of "The Global Poverty Project" that is a part of the
"Worldwide Citizen" fest in New York City. The celebration is an extremely well-known
occasion in which horde of 60,000 watchers was observed. This celebration is in association with
"The Fifth Army" that is a melodic band. I additionally watched that "The Fifth Army" is
especially socially dynamic and is putting forth help to the Cotton on a foundation in spreading
mindfulness among the youths of Australia with respect to the social reason bolstered by the
affiliation. The association likewise offers different chances to the clients and supporters, for

example, the business organization is sending their first client to Southern Uganda for
encountering and getting different open doors. By executing further investigation I watched
arrangements were made by the foundation for two marathons to Australia (Wararkar, Patil and
Wararkar, 2017). The marathons were composed for the social reason. Roughly 21,893 sprinters
took showed their interest and took participation in the marathon, through which a measure of $
9, 63,083 was raised. The raised sum was utilized for the progression and improvements of the
establishment.
The Bribery Aisle: How Wal-Mart Used Payoffs to Bribe Its Way Through Expansion in
Mexico
One of the biggest bribery and fraud case experienced by me is the case of Kingfisher airlines.
The owner of airlines borrowed a loan of huge amount, misled banks and also misused money.
The exhibited video has been engaged in the given situation that is the pay-off case or the
exploitative means embraced by Wall Mart for developing and establishing the venture in the
city of Mexico. The business has been ranked as one of the biggest business associations in its
industry (Weygandt, Kimmel and Kieso, 2015). The exhibited situation is about the miss-direct
and the dishonest means utilized by the pioneers of Wall store for quieting the fraud and bribery
case in Mexico. A standout amongst the most disputable stores of Wall Mart that is Bodega
Aurrera in Mexico (Democracy Now 2012). The general store was worked in the shadow of the
uncovered social point of interest that is the antiquated pyramids of Teotihuacan; a protest was
raised for stopping the development of this grocery store. Individuals challenged this
development of this general store different forms of strikes were raised and the audience also
begged the Wall bazaar not to disregard the social legacy. However, it was seen that the business
enterprise offered a sum of about $ 200,000 as a pay-off to the representing experts. The
settlements were offered for purchasing the zoning map and also to the mayor. It was
additionally researched by the US equity office whether Wall-mart abused the corrupt practices
act and which will be a wrongdoing as per the American corporations.
Issues of globalization: How fair is fashion?
Increasing humidity, heat and melting glaciers are examples of the biggest issues due to
globalization. And also a drastic change is observed in the climatic conditions.

Globalization is one of the progressive ideas in present-day period and computation, and
automation are the portion of the indispensable parts of this idea. According to my investigation,
the present situation is broke down on the antagonism of the globalization and the issues looked
by the organization (Pumpkin Interactive 2011). The fashion and garments business is advanced
and is executed for a long period of time. It has likewise been noticed that there is an adjustment
in the assembling design from the most recent two decades. The designing procedure is executed
at the world's wealthiest economies and manufacturing at the poorest one. Computerization and
the internet are the two mediums that have been utilized for bringing the prices down to the
fashion high street.
The displayed video additionally mirrors the genuine importance of globalization and that is,
some person elsewhere is paying the significant sum for buying of clothes. For picking up a
profundity of learning an instance of the city of Dacca is exhibited. The city is capital of
Bangladesh that has 4 million people found working in the textile industry. Based on the
exploration, it has been breaking down that these laborers are paid one-fiftieth of the American
or European partners (Henderson et al., 2015). This one of the most compelling motivation for
each clothing merchants all over the globe, that they are fabricating their clothing items here.
Bangladesh has been positioned third on the planet as the biggest dress assembling economy
after China and Turkey separately and has a dream of attaining the first rank.
Starbucks CEO Howard Schultz on social responsibility
There are number of foundations and multinational corporations which donate a part of their
earning for a social cause and thus fulfill social responsibility.
Based on the examination made by me, the video introduction is made centered around building
and setting up investors esteem. This was not only done for the stakeholders but also for the
employees working for the organization and for the social groups they offer their
administrations. It has been talked about that the plan of action received by Starbucks was
extraordinary and remarkable. The principal intention of this plan of action was to build up a
harmony between the incomes produced and stakeholders esteem however the preference was
given to some social perspectives, for example, healthcare of the workers (Genconnectu 2013). I
additionally dissected that keeping up a harmony between the medicinal services of the

workforce and that of the groups was ascending as a test for the business partnership as they
were going through the development stage. It was conflicting and challenging, as at the
beginning time the private investors believed that it might acquire a decrease the investors'
esteem (Warren and Jones, 2018). Be that as it may, the business firm has demonstrated just like
a public organization and created loads of significant worth for the stakeholders. Furthermore,
the fundamental purpose of the advancement and expanding investors' esteem is bringing a hike
in the esteem of the groups and social orders.
The social duty has turned into a critical idea for any of the business enterprise in light of the fact
that numerous groups crosswise over America are in require and approx. 42 out of 50 states in
America are confronting the issue of money related and spending shortfall. Based on the
investigation executed over the video introduction, I have created a mindfulness about the plan
of action and business rehearses took after for satisfying the social obligations. Also, Starbucks is
one of the main brand names in the division of cafés and is serving the best quality and delicious
espresso with different flavors. The association is engaged towards the social duties of expanding
the investors' an incentive by dealing with the employees and furthermore of the social groups
(Asare, Wright and Zimbelman, 2015).
Issues in financial and accounting fraud
For getting benefits from tax exemption the number of business entities make frauds in their
accounting and financial stats.
The demonstrated video is focused on the issues or problems due to financial and accounting
fraud, the video also comprises of the causes of these terrible occurrences and preventions taken
on the same issues. Jim O'Toole, a Senior Fellow at The Markkula Center for Applied Ethics,
has been found discussing on the financial and frauds with David Jolley, Managing Partner for
Markets, Ernst & Young. After analyzing all the cases of the financial frauds, it has been noted
that the people who committed these crimes were not professional criminals. The video
demonstrated that there are three main causes for a fraud to occur and that are, a pressure, an
opportunity, and an intention (Markkula center 2014). The intention gets transformed into the
situation when an individual is under tremendous pressure to perform financially and for
bringing any financial outcome. There are different types of pressures that are experienced by the

people in the financial part of the business. The main reason behind this is the enormous focus is
on the short-term results and the communities and the securities industry has developed
expectations and due to these expectations there is a lot of pressure and if the company fails to
fulfill these expectations then it will be proven demolishing for the stock. And further, the time
consumed for recovering the stock will be too much (Di Pietr et al., 2016).
After summing up the videos it has been observed that the above reflections are focusing on
some of the other social and organizational issues. Two of them are based on the Cotton on a
foundation is an association that is engaged in solving the issue of the people in Southern
Uganda. The other one is focused on issues emerging in the textile sector due to globalization.
The last video is describing the frauds in financial and accounting.

References
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Cotton on foundation, 2013, 2013 Cotton on foundation wrap up, Assessed on 29th January 2018,
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