Is that true, or should business in society give back in some way?
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Micheal Porter, the famous business theorist that we have been following, has stated that the fundamental responsibility of business is to make a profit. Is that true, or should business in society give back in some way?
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- GIVE FEEDBACK ON EACH NUMBER SUBJECT: SOCIAL RESPONSIBILITY/ETHICS 1. Code of conduct - It tells what to do and what not to do for thewelfare of the society. It is the code of conduct which businessmen shouldfollow while conducting their normal business activities. 2. Based on moral and social values - It contains moral and socialprinciples of conduct for businessmen. This includes self-control,consumer protection and welfare, service to society, fair treatment tosocial groups, and not to exploit others. 3. Gives protection to social groups - Business ethics give protection todifferent social groups such as consumers, employees, small businessmen,government, shareholders, creditors, and other stakeholders. 4. Provides basic framework - It suggests legal, social, moral, economicand cultural limits within which business has to be operated. Businessmust be conducted within these limits. It suggests what is good and whatis bad in business.Qquestion ---- Explain,, how do subcultures within an organization affect the development and implementation of corporate social responsibility initiatives?prevaling 2. As a major stakeholder in a large company, identify and describe any five measures you will take in relation to environmental concerns and corporate sustainability. "Ethical practice is the hest nolic for the success of business in the long term "
- T F A key step in developing and implementing asocial responsibility program is the environmentalaudit.What is sustainability?How does the triple bottom line relate to sustainability? What does environmental justice mean? What is a barrier minority’s face when dealing with environmental justice? What are externalities related to environmental justice and sustainability? Respond with a paragraph pleaseExplain any 2 ethical approaches that NEstle could use intheir business. Explain with examples.
- What is Ethics to do with?A The wider communityB BusinessC Right and wrongD NothingCorporate social Responsibility is an organization's obligation to minimize positive stakeholders benefits while minimizing the negative effect to it action. Using any organization of your choice evaluate social corporate responsibility of the organization to respect to staff development, equal opportunity statements, written antidiscrimination policies, commitment to reporting on CSR policies, for ristricting child labor by suppliers, policies on fair trade, commitment to protection on local community. Discuss?Provide examples of each of the stakeholders thatfirms should consider in their corporate socialresponsibility efforts.
- TRUE OR FALSE 3. The values use to interpret whether any particular action or behavior is considered legal or illegal is called ethics.Explain the three (3) ethical theories, meta-ethics, normative ethics and applied ethics and use practical examples to show how Imana Foods should apply each theory, to ensure ethical conduct of theirbusiness.An ethical code forms the cornerstone of a civilized society, providing a framework for individuals to navigate moral dilemmas and make pnncipled decisions Rooted in timeless values such as honesty, fairness, and respect, an ethical code sets the standard for behavior in vanous spheres of life, including business, governance, and personal relationships. It serves as a safeguard against exploitation and injustice, promoting the well-being of individuals and the greater community. Moreover, adherence to an ethical code fosters a culture of accountability and trust, bolstering social cohesion and progress Question: How can an ethical code help mitigate conflicts and promote harmony within diverse communities?