Social Responsibility - is a duty every individual ororganization has to perform so as to maintain abalance between the economy and the ecosystem.Business - is an organization involved in the trade ofgoods, services, or both to consumers.Ethics - involves systematizing, defending, andrecommending concepts of right and wrongconduct.Law - is a system of rules and guidelines which areenforced through social institutions to governbehavior.Organization - is a social entity that has a collectivegoal and is linked to an external environment.
BUSINESS ETHICS - is a form of appliedethics or professional ethics that examinesethical principles and moral or ethical problemsthat arise in a business environment.ORGANIZATIONAL ETHICS - is the ethics ofan organization, and it is how an organizationethically responds to an internal or externalstimulus.
I. Thou shalt not bear false witnessin the books and of thy employer.II. Thou shalt not play games withnumbers.III. Thou shalt speak the truth tothy boss, even though he may notwant to hear it.IV. Thou shalt rattle on thy neighborwhen he is doing something wrong.V. Thou shalt keep thine eyes wideopen.
VI. Sin not, nor help thy brother to sin, for thou art thy brother’s keeper. VII. Thou shalt not have two masters – thy boss and thyselfVII. Thou shalt not seek to profit by use of thy employer’s confidences. IX. Honor thy father and thy mother, in addition, thy auditors.X. Obey the real ten commandments.
• The owners, management, workforce, suppliers & subcontractors, customers, and government contribute to the performance of the business and entitled to receive proper worth of their contributions.• The resources employed by a business are financial, technological and human.• Business has a public responsibility to use all its resources efficiently.
• Competition and inventiveness are essential for the maintenance and continuing improvement of the quality of goods and services, for growth and technological progress.• In business, as in any other institutions of society, any right or authority enjoyed by or entrusted to business presupposes and is injustified by, corresponding duties, responsibilities and performance.