Social responsibility and business ethics
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The document discusses the need for businesses to take social responsibility and control pollution. It lists reasons why businesses should control pollution, including to protect public health, ensure safety, reduce nuisance and economic loss, ensure aesthetic pleasure, reduce liability risks, save costs, and improve public image. It also suggests that top management commitment, a code of ethics, compliance mechanisms, employee involvement, and regular monitoring are needed to effectively control pollution.
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The document discusses the concepts of ethical behavior and social responsibility in business. It outlines factors that influence ethical decisions and responsibilities companies have toward stakeholders like consumers, employees, investors, and society. Businesses are increasingly recognizing their responsibility to balance profits with environmental and social issues. Government agencies and business efforts both aim to reduce pollution and promote sustainable practices.
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sustainable/green investing/finance/bond/development/growth
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The document discusses the concepts of corporate social responsibility (CSR) and business ethics. It provides definitions of CSR and explains that while CSR activities and ethics are linked, CSR does not guarantee ethical behavior. The document also outlines various reasons for companies to engage in CSR activities and discusses frameworks for integrating social objectives and business goals. It notes the influence of culture and top management on organizational ethics.
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This document discusses corporate social responsibility (CSR) and business ethics. It defines CSR as how businesses negotiate their role in society and ethics as morally appropriate behaviors. While linked, CSR does not guarantee ethical behavior. Reasons for CSR include public expectations, monitoring, and business performance benefits. CSR activities range from profit-focused to leading on social objectives. Businesses integrate CSR globally and through cause marketing. An emerging global business ethic recognizes organizational responsibility, but developing global ethics faces challenges in negotiation, stagnation, and keeping pace with globalization.
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Social responsibility of business refers to the obligation of business decision-makers to consider the welfare of society in addition to the interests of the business and its owners. The document outlines the social responsibilities that businesses have towards various stakeholders like customers, shareholders, employees, government, themselves, and backward regions of society. Businesses should take decisions that protect customers, provide fair returns and safe investments to shareholders, offer fair wages and good working conditions for employees, abide by laws and pay taxes, create jobs and utilize resources optimally, and contribute to economic development of backward areas.
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Social responsibility and business ethics
- 3. Need for social responsi bility Creation of society Public image Free enterprise Law and order Moral justification Self interest
- 14. Need for control of pollution Protect public health Ensure safety Reduce nuisance Reduce economic loss Ensure aesthetic pleasure Reduce risk of liability Save costs Improve Public image
- 19. Top management Commitment Code of ethics Compliance mechanisms Employee involvement Regular monitoring